"Half Their Income On Rent!" Georgie Frost Talks Rising Cost Of Renting Property In UK 

As long as borders are open. Supply will never meet demand

Not to worry, those million more migrants last year have their rent paid for by the TAX payer. You'll own nothing and be happy... apart from those who own everything and are utterly miserable.

Half my income on rent? I fucking wish. I spend 70% of what i earn every month on rent, im not entitled to a council house, im not entitled to any support because i work 40 hours a week. Life is this country is fucking unbearable.

And the other half on gas & electric bills….. Sorry, nothing left for actual food

I've always wondered why no one talks about there being no help for single living working people! After all we have to pay ALL bills and taxes on a single living wage other than a measely 25% council discount. Why is there no help for them when married people get tax breaks etc. People who can't be bothered to work get benefits etc and I'm all for helping those who genuinely need help but let's not forget single loving people too! The country bangs on about equality but where is the equality for single living people?

Greed.

When on average 25 people turn up per flat or house 🏡 it’s a bad time to rent as landlords will push up prices as much as they can 🙈

on NMW working normal hours £1300 is all their wage!

The population increases by 1000 people a day. Are they building enough to keep up with this? No. That's why landlords can charge high prices. It's designed that way to let the rich get even richer.

Remember everyone a little phrase : "You will own nothing, and be happy." I think that applies to this situation.

The government and banks have helped create a divide-and-rule situation between landlords and tenants for whose long-term benefit? The hidden homeless levels in this country must be steadily rising, alongside official homeless rates, worrying times.

how about a rent gap to stop greedy landlord. how about stopping people buying multplie properties

Just say thank you government for lockdown and printing money

No get rid of landlords and bring back council housing. It was a great way of life I grew up in one and couldn’t of been happier then I am in renting privatly

If you earn the average salary in the uk, you probably shouldnt rent anything as you're going to be right on the breadline. Take monthly median take home salary, without pension contributions, is about £2500. 1 beds are about £1000 now. Add in all bills and pension contributions, food, travel, anything goes wrong you're screwed.

The reason landlords are selling up and there is now limited supply of rental properties is because the Tories decided to "effectively" tax landlords on turnover and not profit!!!!! It is called SECTION 24!!! Without section 24 rents would plummet and supply would return!!! For the love of God report on this properly, don't just mention in passing that there has been "some" tax changes, this is the key to the whole rental crisis!!!

2 and half grand that's probably 2 bedrooms apartment or probably centre London.

And the boats keep coming. And get this property prices will double why? Migrants.

My story is amazing I was homeless for a bit I live in a bungalow with a big garden now £420p a week rent council property private rental is terrible my brother son was paying £120 a week dump

By all means legislate us out of the PRS, But please explain, where are our tenants who we evict going to live ?

"Not a word from RS". He already scrapped planned changes to EPCs which would have been catastrophic for tenants. He should be given some credit for ditching that net zero lunacy that could have seen thousands of evictions and rents spiralling even further. .

We fill the country with more and more people, net immigration of 745 000 last year, that's an additional 2 000 new arrivals competing for accommodation EVERY DAY. The increase in demand outstrips the supply of new housing. The only solution is for more people to live in every dwelling, which is achieved by increasing rents. More people must live in each dwelling in order to pay the rent. This is the consequence of the mass immigration inflicted on the country by successive governments and the Home Office. Is this what you wanted? Probably not, but it is what is relentlessly inflicted on renters. And they keep on voting for governments, Tory and Labour, that make it worse.

I rented a lot in Scotland and my experience as a whole if anybody's asking you to pay rent by Cash they're not declaring their income, I GUARANTEE this, any self-respecting personal or anything like that would expect you to pay by your bank accounts as it's proof the money was sent by the renter and proof that you received it as the landlord. When Cash there's no record of it even the written record rent book could be lost or forged. I think it should be illegal that you are able to pay cash for your rent it should be you know for your bank account

Property prices and rents are only going to go in one direction in the UK going forward. Though recently property values have come down some, we will not see the crash many so called experts have been predicting. Purely because demand is so high despite high interest rates. People say we should build more homes but the sad fact is that even if we streamline the planning process then there's simply no enough capacity in the house building industry to build the 300,000 new homes per year that the government wants. As for Truss's 500,000, she may as well have said 1 million per year as that's just as outlandish. It's a fantasy world and something that will never happen. We just don't have enough qualified brickies, electricians, carpenters, plumbers, gas fitters etc. Everyone has a BSC in economics or Law now. There's so few trades people. Then we have the problem of the population explosion. It is rumoured that net legal immigration over the last year will see the UK total population go up by 1.1million. All these people need to be housed in a country already over 5 million homes short. This puts even more pressure on a broken housing market. Then we have the fact inflation is now steadily coming down. This will eventually force the BOE to to bring interest rates down. When that happens, banks will start offering better mortgage deals, (some have already started offering mortgage deals with interest rates fixed lower than the current BOE interest rate). This will encourage more people that have been holding off on moving or buying for the last year to come back to the housing market. This will create even higher demand. All this will feed into the housing market and by this time next year property prices will have regained everything they've recently lost. This in turn means prices and rents will only be going up. Sad fact is, housing is another thing government has dithered on for way too long and now it's another thing that's got out of their control just like the costs of HS2. They should have acted many years ago before it became the beast it now is. I know it sounds selfish but it's just truth that I will be ok. I'm 47, I have my own three bedroom 50s built semi, on which I only have a fairly small amount of outstanding mortgage, my mortgage repayments are only £250 pcm and I will see the value go up which is good for my equity. I do however, feel sorry for all those buyers and renters that simply can't afford or in many cases even find a place to live at any price. This includes my partner's son and his partner who both have good, well paying jobs but can barely afford to pay thier private rent of £1300 pcm. I genuinely wish you all good luck.

I pay 40 percent tax on salary 60 percent on Rent rest on grocery 😢 nothing left at the end

£1300 i wish, im trying to find a 2 bed in slough and and average prices are between £1400 - 1700pcm for a 2 bed. Its ridiculous. Im stuck in a 1 bed with my partner and my autistic child , we both work but still cant get anywhere

Also comes down to private landlords buying properties like candy before 2008 etc. With the income I’m earning now I could have bought 3 houses, in the 90s early 2000s now I’m struggling to buy one property. To put in context my dad bought our family home when he was earning £25k base for £140k that house is now worth £1.3 million I have to earn £265k to buy it. Wages have serious stagnated since 2008 in line with inflation. It’s not just supply demand, it’s that 1 landlord is earning a large amount of supply and affordable housing/rent is nowhere near affordable. Average rent is £2150 and Average salary is £4450 in London meaning after council tax, student debt, income tax, National insurance and transport costs you are left with literally nothing. Why is Germany and Europes housing market so much better than our economy? Because they have the right regulations keeping the rental market aligned with the average salary, this is single handedly causing our cost of living crisis in young and stagnating the economy as almost 70/80% of peoples disposable income is going on Rent.

Literally every Asian tiger economy + eastern europe have solved the housing problem. Just build high density high rises, it's not rocket science. There are more than enough developers willing to build if allowed to. It's up to the government and their regulations. If they wanted to, they would.

Getting out of bed and going to work isn’t worth it in my opinion £1300 a month just to rent a house what about council tax electric gas water and food your basically living from pay check to pay check and got nothing to show for it and I’m a single guy living on my own who works full time gets no help apart from a pathetic 25% off my council tax your better off living on the dole.

More laws and protection for private renters needed

These ppl are giving example of Germany. I have gone to viewing in Berlin where there were 100's of people queuing to view 1 apartment. Most people in Germany are not house owner and living in rent throughout their life and most apartment are owned by companies. 1 company owning 200-300 HOUSES

Headlines like "Half Their Income On Rent!" WHAT PERCENTAGE OF HOMEOWNERS INCOME IS SPENT ON THEIR MORTGAGE?

I am spending over 80% of my monthly income in mortgage. So how is paying rent any different?

YEs you are out of touch 4 bed house from £800 pcm to £1979 now - WELL DONE WAKING UP TO OLD NEWS

A house in london is millions and you pay 600 a month and earn 60k what's wrong

Not supply and demand . Section 24

My rent last year went up £9 approx, this year in August it goes up another £60. Fortunately, at least at this time, my rent is met by DWP. I am facing the prospect of homelessness as the landlord wants to sell, it's on hold at the moment but that could change at anytime.

Start building trailer parks. They’re fast and relatively cheap to build and the rents can be set at realistic levels to give people the chance to get started in life.

In the 80's a single person without kids could easily rent a 2 bed council house for 40 quid a week. It should of course be the same today but isn't and won't be until people stop electing Labour or Conservative governments. It should be obvious by now that these politicians are no longer working in the best interests of the population and until they are got rid of people in the UK can expect more pain.

People need air bnb , normal hotels are full of migrants

Can't stand these two. Rubbish show. Booo!!

Once upon a time, landlords like me could break even. Since the government introduced “Tenants Tax!”, this is no longer possible. Airbnb is the answer! No Tenant Tax!…..

When landlords "leave the market " , the house is still there !!!!!!!!

In London almost 80%

I am glad l am mortgage free.

I WISH I was paying 40-50% of my income on rent, try 65%..

Loads of homes sitting empty as holiday homes

My house is owned outright. 🤣

The true classic is landlords are leaving the market due to tax conditions which will affect availability.,....are they demolishing the properties they are walking away from lol.. ridiculous...buillders provide houses not charletons that own title deeds ... turnover should be taxed on landlords their mortgage is eventually is for their gain when they own property they lease it shouldn't be classed as a business expense !

A lot of landlords of the left the market but more and more homes are landlord owned ...mmmmm ..go figure...we have fewer landlords owning more property ...your small ex landlords and tenants are still the losers..little sympathy for the prior !

For lesser peiole it s 2 thirds for just a room..bfore bills food extra meds etc...they the govt should be put in prison the lies corruption and rmbezzlement of country s money. Not houses room... 😢

Thanks TalkTV to bring out the subject of high rent. Landlords prevent other renters getting on the property ladder, and rip-off renters from their hard-earned income. There should be rent control (cap on annual increase to put-off landlords).

These interviewers don't believe in the free market.

Those evil bastards trying to make safe and energy efficent houses...

Nobody politicians or the public can’t face the truth

Georgie Frost was a regular on LBC.

It comes down to not enough social housing thacher sold it all .

absurd to get more and more regulations. regulate your heads.

Without landlords market will be worse!

So many people are punching down and resorting back to zenophobia. It seems that confronting tory cruelty and monarchy billions is just not done. Germany is quite diverse and they nave a much better housing situation.

So what are we going to do about it

The joys of DIVERSITY !

All thats happened with woman going to work is they bumped up the price of rent so you need two people working full time to pay for it. Bills should be based off 40hrs worked How the couple split those hours is up to them.

Brexit mess

Simple. Get married and stay married!

SUPPLY AND DEMAND JOKERS INCOME TO DISPOSABLE SO MANY LANDLORDS WHO SHOULD NOT BE ALLOWED TO RENT A TOOTHBRUSH

Get on a dingi from france and they will give you a house if you are a sertain religion