Rental crisis: Young people struggling to find homes, some forced out of big cities 

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

I anticipate a housing market downturn due to the numerous individuals who purchased homes above the asking price, even with favorable interest rates. Despite the low rates, many are now at risk because they lack equity. If housing prices continue to decline, they may face difficulties selling or even risk foreclosure if they can no longer afford the property. This scenario is likely to impact a substantial number of people, particularly with the anticipated surge in layoffs and the rapid increase in the cost of living.

Either that landlord didnt see the irony of defending landlords that are cashing in on people whilst standing in front of his lambo, which is disgusting, or he did see the irony, but didnt care, which is horrible.

wow...i mean wow....In 1995 I paid no more than £35 a week as a student, (Lager was 70p a pint,) Had a full grant at uni, moved to a big city , got a job , claimed Housing benefit when I lost it aged 24, , lived in a nice area for £40 per week working part time afterwards, now I own a business that`s been going 17 years. I grew up on benefits and in council housing. None of this possible now. There`s no way that I could be where I am now - if I was a student now. I really feel for the young people in this video. This is shite. This is no future.

The irony of someone standing in front of his Lamborghini trying to convince how he isn't cashing in...

In The Netherlands there are now rules so that homes in the more "affordable" segment can not be used as an investment. So for example in Amsterdam, when you buy a home under 500k you must live there yourself for at least the first 4 years. This is at least an attempt to prevent investors from simply buying up everything and renting it out. Also the stamp duty is much lower when you buy to live rather than buy to invest. In The Netherlands the practice of buying as an investment is called "milking homes" and is really generally frowned upon, although not illegal, so this and other experiments in law are undertaken to make this more difficult to help keep things relatively affordable.

I'm a Polish immigrant who's been living in the UK for years and i absolutely love this country, but at this point me staying in Britain means I have to accept a lower living standard than I would have living in Poland; how absurd is this, considering how in the 90's when i was a kid, my mother - working as a government official - made about 50-75 dollars a month, and 30 years later here we are.. absurd. I'm not planning to leave anytime soon simply because this country is my home, but it's bizarre how i left Poland for UK to escape poverty and now people are migrating to Poland for a better life.

Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

I currently live in Manchester and have recently accepted a job offer in Uppsala, Sweden (about 40 mins train ride from Stockholm). I looked up rental prices in Uppsala, fully expecting it to be substantially higher than Manchester (given the proximity to Stockholm, and Sweden being expensive in general) - but I was pleasantly surprised to find that rent in Uppsala is about 30% cheaper than in Manchester! The fact that moving to Scandinavia can now save you money (at least on rent or property) should be a wake up call to the UK...

The country is going down the drain.

We have this problem all over Australia at the moment. Wealthy people bought holiday properties and many moved from the cities during Covid. Airbnb is killing the tourist towns as locals can’t afford to live in them which has lead to businesses closing because they can’t find staff. Governments need to impose limitations in regards to holiday accommodation on people who own multiple dwellings.

3:41 He is litterally on another planet! Loved the focus on the Lamborghini badge as he said that, editors obviously knew he was taking the mick.

It's also happening over here in brazil. Cities like san paulo, rio de janeiro and florianopolis are unaffordable to someone living on minimum wage

I loved that camera pose on a Lamborghini. Because while we are told to sympathise with landlords and bankers they spend the money they get from ordinary people on Lamborghinis while the ordinary people are struggling to buy food and pay their gas bills. Well done, channel 4!

When houses became investment opportunities not homes, it was gonna end up like this !!

When I was at uni many girls slept with their landlords out of desperation and couldn’t afford rent. When we had an increase in student finance, landlords up’ed their prices. Land lords are scum with no morals. Any excuse to take your deposit as well. So sad and made life so so hard.

After 6 years of living in uk , i prefer to go back to my home country . I feel much poor lately living here then when I was living in my 2nd world country . Unfortunately uk is going down . Feel sorry for people who doesn’t have another choice .

I've lived in London my whole life and lucky to live with my family in a council house, for now. I have been looking to move out, the only decent affordable places, that also accept pets are all outside of the city. London is a joke, so is the transport. It also makes me sick to see tiny boxes or crappy rooms in house shares going for anywhere between 700 to over a grand pcm. Daylight robbery.

Love the camera shot of that landlords Lamborghini as he says landlords aren’t cashing in during this time 🤣

It's morally degrading seeing how things are going in this country. I am an Italian been living in the UK for the past ten years, did my studies here and remember telling myself that one day I'd be able to afford more. Well, no. Things have got even worse. The fact that this country is completely left in the hands of greedy investors and private sectors is disgusting. This is kind of happening everywhere in Europe to be fair but especially here. There's no more room for the actual people, all is screwed in its very foundations.

The system is made to function for the rich not for the poor. You cannot buy a house because you can only afford to pay rent - respectfully paying other's landlord mortgages for their house you stay in. If you have money you buy a house, if not you buy for others

Im in a full time job at 18 earning £470/month because of a pitiful minimum wage and 0 hour contracts. Rent in my area is £450/month for a single bedroom apartment. I'd be homeless or in severe poverty without my parents

Students are also often excluded from properties they could afford, just for being students. When I was a student and looking for somewhere to live, lots of properties were advertised with the phrase "no students". What's left are properties that are not very well taken care of, because the landlords can get away with it when it's "just" desparate students. The alternative is expensive student housing, where you don't get much space for your money.

Look at that poor landlord, he's only got one Lambo :((

Let's put it this way, my mum bought our house in 2000 for 30,000ish, now it goes for 275,000. That's what we're facing

I enquired about a rental a while back that had 100+ people waiting to hear back for a viewing. Absolutely insane.

The government need to step in and regulate the renting market. Homelessness has increased. Renting in the UK is unaffordable for hardworking people. We need more affordable homes

Greedy psychopathic landlords. Just moved out of a 7 bedroom house share last week. He even converted the lounge into a bedroom. Just ludicrous.

I went to uni in 2009 during the last financial crash and commuted 3 hours every day to get to class, and that’s when I could afford to go. I couldn’t afford to move to the city I was studying in, and applied for uni knowing that. I missed over 10% of my classes because I couldn’t afford the bus to get to class in the first place. I worked part time around my classes but my parents helped me so much as I lived at home and they helped with commute costs. I’d never have been able to go to uni off my own back, and now it’s even worse for students.

I've just moved from a 2 bed house and it is back on the market for £400 more a month than I was paying . Yes landlords are definitely seeing £ sign sounds !

How to be rich: Step 1 - become a landlord in UK Step 2 - rip off tenants

Very frustrating around the world , people can’t afford to live where they work , and on and on

I love the quick ironic shot of the Lamborghini badge whilst the Landlord was blabbing.

You can see why people turn to crime just to survive.. It's like a jungle out there it makes me wonder how I keep from going under...

Hats off to the production staff choosing to film the landlord on his extravagant property. with some choice shots of his cars.

Interesting seeing that landlord standing in front of his Range Rover and Lamborghini and then say things are getting tough for landlords …… right ….. My heart bleeds for you mate 🤨

Many properties are overpriced and in bad condition in the UK

Its same here in Lisbon Portugal. Renting a flat is unimaginable here.

This has been a Worldwide issue smh

lol, landlord in his three piece suite, standing next to his Lambo! 🤣🤣🤣 singing pls sir give me some more.

As a landlord myself , it’s disgusting how tenants are being ripped off

Same thing happened in Cyprus , Malta,Spain. Buying a property is not possible at all. Renting also skyrocketed and still some older people think they had it worst . Imagine working your whole life just to be able to rent and save some money for your kid , but nothing special

I’m a student at a Manchester University. I can no longer afford rent in the city. I’ve moved back home to Wales. My commute into Manchester takes around two hours. Somehow the extortionate train prices are cheaper than renting a student accommodation in the city or the outskirts.

So they can raise the rent as much as they please?! That's all regulated even for private landlords in Sweden, if they charge too much for square meter they can end up in court against the city and ending up being liable to pay back rent to tenants.

Similar situation in Canada 😞 I want to move out so badly from my parents home, but financially, I can’t… This time period stinks

It’s not only a lack of supply, it’s greedy scum landlords too

The Tories will not do anything about this in the future.

6-12 months rent in advance?! 😱 What is going on in the UK?!

Born and raised in Manchester. In late 90s I had a very low wage yet could easily afford great 2 bed attic flat near the centre, with lots of disposable money after rent. No way can I afford to live in my home city anymore, I would be "lucky" to even find a shabby room in a shared house forced together with randoms for what I paid in rent then.

Rent in London has gone up by 50% in the last 3 years. Its insane

Rent control is needed now more than ever.

I live about 20 miles from Manchester and life is ten times easier, I go to Manchester once a month for a drink or a bit of shopping but other than that I've had enough, I get the feeling they want ordinary people to move out, like they've done in london

As someone who does not have family to live with it is insane to try and get your career started. Rent+ transport (tfl is also the 2nd most expensive network system in the world)+ groceries + medical bills +other bills left me only 150£ each month for savings after I had received a promotion. When my former employer and I discussed my payrise after a promotion and I mentioned the inflation and rising cost of living his response was "I don't see how that is my problem".... The other employees working under me where only able to work there for less because they still lived with their parents.

Under the Tories, the number of new social rented homes has fallen by over 80%, so we are now building 30,000 fewer socially rented homes each year than when Labour left office. and labour were under building. but when u have a party of ppl like camaron who said why build affordable housing that just building for a labour voter

Lol the guy at the end standing there saying he has to increase prices standing in front of a massive ornate house with multiple cars in the drive including and Lamborghini dressed as if he was an Essex.

In US west coast cities people live in storage lots and under bridges. So that will be your future since they claim the west coast is a trend setter

landlords price gouging, it's not even about scarcity, it's about a climate of just ruthless profiteering

Rent in USA , 1 bed room 1,500 $ : 3 br. 3,000 $ . FUBAR Average wage 9 $ an hour , hard labor . ? !

Landlord saying they are struggling while next to a million pound house and multiple sport car 😂😂😂…..

I'm a 36 year old accounting graduate, teaching English in Korea. One of the reasons I'm in no rush to return is the insane rents. A STUDIO IN CARDIFF is around 750 a month. CARDIFF. And to qualify for any rental, your salary needs to be 2.5 times the rent. Fucking ridiculous. My standard of living is much better in Korea, although I don't particularly enjoy teaching.

I'm rich, I have houses that I rent to the peasants.... I use the profits to buy more houses... Then I rent to more peasants... Then once I have a monopoly, I increase the rents and kick you out if you can't pay. This in turn increases house prices so peasants are forced to rent. Then I buy my children houses, who In turn rent them out to peasants... Then when I die I'll leave them and their children properties and assets. Then they will rent houses to peasants... And eventually we'll get to here we are now. Where it's £400,000 to buy a 3 bed house and rents are £1,200 -£1500 a month. It's okay though because I'm alright Jack

I went to university and studied adult nursing, now I’m a band 5 nurse earning £29.000 living just outside of London. This is impossible for me to leave my home I have to search for a better life abroad I just can’t do it here.

My daughter works full time in a good jobshe as a first class degree but has to live in houses of multiple occupacy in Manchester the prices are phenomonal

It’s also happening in South Korea. I never once imagined I decided to move out of Seoul. I could afford my rent and other stuff but it changed out of nowhere since 2019 slightly… I came back to my hometown where I have no friend since I left a long time ago and now I mostly work and come home. I’m scared of living this world with uncertainty… hopefully everyone is safe and wealthy.

Interesting reply at 3:46 as to how the landlord justified high prices for accommodation " There are a lot of factors in there like any People view that landlords are just cashing in on rents but there are a lot of factors in there ,so there is a risk, like any other business . We are investing a lot of money and taking on take on a lot of debt on your head, and you've got those liabilities. So there are a lot of different aspects to take into account. He said all of this wearing a expensive looking suit, standing next to an expensive looking Range Rover and Lamborghini. Now, he may not have owned any of these things and it may have been only for show but it not exactly making his case look like a strong one. This situation is only going to end badly. These short term gains are creating a society in which there will only be losers. No matter how much money you may make you are still not independent of society. If it all turns into a dog eat dog situation where cash is king....... well it not somewhere that I'd want to live. Thatchers politics have finally reached their endgame because of political apathy. Unless people take society, politics, ethics and doing the right thing for, ALL not the few , well, I don't see things getting any better soon.

Many Hong Kong people live in Manchester either buying houses or renting and don't seem to care about the price.

As a 26yr old male I've been homeless for 2 years around West London near Heathrow, Only recently managed to obtain a tenancy, things are getting worst, been to property views at least 5 times a week, and most places only state female only or over 35, I thought there was no discrimination but clearly that's not the case.

LOL the guy has a Lambo but apparently, he has to raise the rent.... I literally smell shite through my monitor 😂😂😂😂

My heart goes out to today's young people trying to find an affordable, decent place to live. Back in the late 70's/early 80s I just looked at the Flats to let section in the London Evening Standard newspaper ( there were pages and pages of them). You made an appointment, viewed the flat, and paid your deposit and 2 weeks rent in advance (weekly rent back then). All very simple. It all seems such a nightmare nowadays. Thanks to Mum & Dad, who pushed, and pushed me to buy my own place in the 80's, I did 3 jobs to save for the deposit. It was the best move I ever made. A 2 bedroomed garden flat in Camden Town, London for £69k. It was a lot back then, plus the mortgage interest rates were 14%. However, after making a few cutbacks, and making some sacrifices, things got easier. I think if I was a young person starting out in 2023, I really don't think I would be able to cope. I really hope that things will get better, because this housing crisis cannot continue.

It is like we are living in madness! I remember a houseshare 5 years ago was £350 a month (fully affordable back then) but have doubled or tripled in price since! Everything is crazy money & the working class wages are tiny - £80-100 a day

We need to stop treating real estate as a commodity

If that landlord was 18 today he probably wouldn't be able to afford a single house

I'm currently in temporary housing in Manchester. I grew up here, no where for my family left. Social housing was either knocked down or bought. 5 year wait for a council home!

I was renting and each year in San Diego CA it would go up a $100 or even $200. I left and went to the midwest and was lucky to buy a house before the prices went crazy. I really understand the pain some are going through. I co-worker moved to San Diego and he paid 1 million - I can't image a mortgage like that. I've heard 2 in 3 houses are owned by speculators, this will change if the economy collapses.

My rent has just gone up £200 a month purely because of the increasing charges on my landlord's mortgage which all leads back to the government. It's time we toke it to the streets #CivilUnrest!

Can't believe the landlord took the interview in his front drive next to those cars.

All uk is expensive the renting is ridiculous the government should be do something

Yes renting privately is insane in the UK, it used to be just London now it has spread everywhere, like a disease 🦠

What makes me very angry is that the majority of ex council homes purchased through Right to Buy are now privately rented. This country is going to the dogs!

It's difficult in Manchester at the moment. My landlord increased my rent by £200 because of the demand in my area. He refused to cancel the increase citing increased demand in the area. I cannot afford this and will definitely put me in the red and so I am looking for something else in a cheaper area probably on the outskirts. But even this is not easy. I may have to accept the increase and cover the extra trying Deliveroo or Uber Eats jobs on the weekends. A seven day work week.

Thank immigration. If people keep voting for the same parties (and donors) don't expect anything different. They have an answer for everything, especially your woes. I live in Australia. It is exactly the same with huge increases in rent, food and petrol. Yet, they are determined to succumb to employer demands and import a further 200,000 people. Absurdity rules!

Crazy I lived in Manchester in 2008 my rent was £500 and that was seen as high end. I believe the address was Castlefield locks a 10 minute walk 🚶‍♂️ to the city. Luxury level was £600 to live like you were on Holly Oaks/Hotel level. I feel sorry for the students on the clip, they've done everything they can. Commuting that far is like living in London.

By making it more and more difficult, complicated and expensive to be a landlord renting a property the government has caused this!

When I was in Uni a few years ago the Uni had a department helping students to find a place to rent.

It’s just not affordable

I am a landlord but mortgage free so I never increase rent for my existing tenants. I have however sold off most of my properties because the Government have made things impossible for landlords as you can no longer offset mortgage costs, and amongst other things, you now need an electrical report every time a tenant moves out, even if its every 6 months, so it’s no longer viable. Before anyone says it, I know you can go Ltd but thats extra costs so why bother.. This is why rents have gone up. It’s not because us landlords want to increase rent but because the government have left people no choice which has increased rent and created housing shortage! It’s not greed…

Yeah we need more schemes aimed at converting existing buildings into affordable houses there is so many derelict or non zoned buildings that could easily be converted in city centres etc. Mind seen this property next to me they converted it from a 40K 2 bedroom into a 52K 3 bedroom making the living room area pretty useless it was that small.. it's madness shrinkflation of homes.

When you finally get a rental, and then 6 months later the landlord wants to sell. And then it happens again. and again, AND AGAIN.

As a landlord myself, When I saw the gated property with Del Boy standing in front of the Lambo I thought NO Way anyone could be that stupid to talk about landlords having it tough whilst standing in front of all those assets. To be fair, it did say he originally was a property developer, think thats worse than a LL and also thoses assests are probably on tick anyway.

Ban property investment corporations.

as a landlord I have always charged a fare rent , I can not see how people can afford these new rents .With all the red tape from the government and to keep up with the stringent new requirements,and as my long term tenants leave I sell the houses {most of my tenants have been with me 15 years plus]

A third of income on rent? Try over half.

Are there no rent protections or limits in the UK? That’s insane!

We have the same problem in my city in Australia. Even rough areas are really hard to get into you know with the shootings and your neighbours kid screaming out "stop hitting mum".

Free words of advice never hurt anyone. If you can (because you can), pack all your belongings, pull your kids out of school, sell all of your assets and move abroad. It’s the best decision I ever made. You only live once.

In Ilford, Essex or London landlords are asking 6 months' rent in advance. Rent for a 1 bedroom flat is a minimum 1200/month. 1650 in central London. You have to be very lucky to get a place in London.

I live in Turkey. More than 4000 kilometers away but exactly same situation. Government restricted annual rent increments. Landlords sell their houses to each other in order to reset this rent limit. :)

So what’s happened in the last couple of decades for it to get to this ? I’m 50, luckily but spent most of my 20s in Cambridge and although it’s one of the most expensive towns in the Uk rents were totally affordable. In fact I could easily pay a weeks rent after working 2 shifts at Pizza Express back then. But if you increase the population by approx 10% over 2 decades and do practically nothing to increase the housing stock this is the result. That’s not intended as a racist or nationalist statement 3 of my 4 grandparents were foreign born.

To all whom it may concern, We have lived in a small three bedroom council house since I was 6 years old. My mother is 56, has rheumatoid arthritis and is in constant pain, my older brother Callum is 25 and has severe autism. I have been a carer for my mum since I was 7, and have had to watch this person I love so much suffer for so long and so intensely. All this finally culminated in my mum developing Sepsis after a long period of illness. She was taken into hospital, while I took care of my brother myself. The council deem that in order for my brother and those around him to be safe, there must be two people watching him at all times. i took care of Callum, by myself because nobody else would. The support I had was minimal and all the while I took care of my family. My mum discharged herself from Hospital, having experienced abuse in hospital in the early seventies she feared and despised hospitals and yet she would stay there for the next two months after she was admitted. When my mum returned I had to move mountains to get the housing association EMH homes to do anything to help. Our house is now falling apart on top of our heads, the walls are black with mould, you walk out of my bedroom and you see your breath - we're not even through October yet. Last year our bathroom ceiling caved in, make no mistake, if somebody was in the bath or the shower, the brick, plaster, and metal would have killed them. In response the housing association put up a piece of plywood to cover the gaping hole - I then proceeded to have an allergic reaction to the plywood everyday for two weeks. A couple of weeks into my mum being in Hospital, I had a psychotic episode brought on by the trauma and the lack of sleep. The taxi that should take my brother to his day service in Heanor was canceled because I did not consent to my brother going to stay with an agency in derby because he was already traumatised as it is. My brother is verbal, he is mobile however he has the mental age of a toddler. I tried to give him all the comfort and security I could. This move on the council's behalf to me, seemed spiteful, and it only made my life more difficult as I had to take my brother in a taxi myself. I dropped him off, spoke to a woman who works there who asked "and how are you doing?" I replied there is no me - I'll think about me in three weeks. This nightmare continued for two months and is still ongoing. I got the bus to the hospital where my mum was unconscious from the opiates for the pain. I then went home, phoned a few loved ones for help. And woke up looking at myself in the mirror having slashed my arm to pieces with a serrated kitchen knife. Now, I am desperately trying to find a place to live, I have ruled out shared accommodation because I will need to collapse for at least a week when all this is finally over. The social workers, EMH, and the council knew about the state of the house, they had deemed it 'Unfit for habitation' three separate times. They knew about my mum's health, I remember going with her to the GP in spring where he looked her up and down. She was shaking with pain, her swollen legs wrapped in constricting bandages because of some leg infections that would not heal. And he rejected her when she asked for a steroid injection that would stop the pain for six months while she awaits surgery. In the midst of my life falling apart like this, my company Mad Truth has raised £7000 in grant funding, had it's work exhibited internationally, in New Art exchange and most recently in the biggest cinema in Nottingham where a film I had made raised £1500 for a local homelessness charity. This means that people will be able to keep warm this winter and feed their families because of my work. And still we live in a house unfit for an animal, and I at 22 despite my prospects and talent feel almost completely hopeless. I want nothing more than a new start, first for myself and then for my family. But to do that I have to shed light on the negligence and let people hear my story. The actions of these people under the current system have been ignorant, negligent and criminal. Here's an example - workers came from EMH last year, they were rude, disruptive and unpleasant. My brother's room, which is the size of a wardrobe, had a horrific smell that persisted for months. They made a huge deal out of replacing the rotten floorboards. The accused my brother of urinating in the corner, and that was the reason for the damage. I was later informed that that was a breach of the disability discrimination act. Fast forward to September. We're on the phone to someone from EMH, when we voiced our frustration about the smell and damp returning (despite my brother now living with the agency in Derby), the man from EMH told us 'it's your responsibility, as the tenant, to replace the floorboards because they are decorative'. It's unreal. Please help spread our message, nobody should ever have to go through this. And I have no And I have no doubt other people are in a similar crisis. Casey