Rent crisis: half of renters just a month from losing home

I know a guy who has 3 houses. He told me he didn't like going up on the rent, but has to do it because he can. In June, he forced a 12-year tenant out when they couldn't afford the new lease amount. It was a good tenant who had taken great care of is place while living there. Last week, he told me that the new tenant who is paying the fat monthly rent had already broken a water pipe in the house. The tenant had shoved a motorcycle into a storage area off of the laundry room and hit a pipe coming off of the hot water heater hard enough to bust it loose. Flooded basement, plumber, possibly a new hot water heater. Anyway, he was within $400 a month of being able to keep the trusted tenant, but would not compromise. Greed gives, and greed takes.

How can we say we're a rich country when significant proportions of the population can't afford basic necessities like food, accommodation and transport?

She's not being difficult she's in a difficult situation with terrible odds. I pray she found a stable home for her and her child.

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

So sad, I really feel for this woman. Renting in London is becoming impossible

Gosh my heart breaks for her, she seems like the sweetest person on earth, terrible shame people like her are in this situation

It’s like this in the US as well. It always baffles me that almost all of the apartment complexes being built are of the luxury variety. Like who can afford these places?

Same happened to me and my family a year ago here in the US. Our landlord sold his house for cash and we couldn’t find anything we could afford at the time. This is happening everywhere to so many families.

This has been a massive and growing problem for years. It is not an exaggeration to call it a crisis now. And what have our property-owning government done, other than to make it worse?

She hit the nail on the head herself when she said it was naivety - if you plan to rent privately for the rest of your life good luck staying in the same property. She did well getting 2 decades out of that house

I believe the housing market is overpriced due to high demand, bidding wars, and challenges in land availability. The trend of wealthy individuals and foreign buyers paying excessively makes it tough for average people to purchase homes, potentially leading to a collapse. Housing will be taking a big hit and prices will drop

She’s lived there for all these years and it still looks clean and tidy. I hope she finds a better place.

She’s been there two decades and he gives her a court order to leave ? That’s really sad

When you are a renter you can NEVER get comfortable. Owners always have you by the throat and you have no rights. True Facts.

This literally just happened to my family and I. We were blessed to find a private landlord that were willing to work with us regarding the deposit, etc. this was a huge financial burden as most properties are run by management companies and are requesting astronomical amounts for deposits etc…. It’s crazy out here😔

When I was 19, I was renting my first flat (even though I was earning peanuts). At 24, I started buying my first home (still earning peanuts - this was before minimum wage). Now my son is nearly 28, on a decent wage - the idea of him being able to rent (let alone buy) is just laughable. Sunak wants Brits to breed more kids. Don't. If you're renting, you can never guarantee that you can stay in that home in the long term for an affordable sum. Dealing with this kind of crisis on your own is bad enough, to have to deal with all that uncertainty with children in tow is much worse. Same with buying a place. Too many people on the knife-edge of being able to pay their mortgage. It takes one calamity - and that can push them onto the street. On your own, you can work things out more easily. With children in tow - much more difficult. So, through inaction, the government has made it too anxious a business for a young couple to 'comfortably' afford both a roof over their heads 'and' start a family. Happening all over the world.

This is happening in the US as well. My sister was living in an apartment in a private home for 20 plus years. She had to move out because the landlord is selling his home because he can not afford the high real estate taxes. The rent prices are so high, she had to move in with me.

Shameful when decent working people like this lady is put on this situation, where she may end up HOMELESS. and for the government spokesman to respond saying they have a good record......the only record this government have is a criminal record. A very comprehensive one that is! Shame on you Sunak!

When will people get it into their thick skulls - a home is only truly yours when you own it outright. If you rent, the house isn't yours, if you have a mortgage - the house isn't yours. You are borrowing it until it becomes yours.

Have been searching for about 9 months now. There is NOTHING. Prices are even going up further. The situation in this country is ridiculous, and dire!