rent(prices) - what a joke. I think economics calls it something like a Giffen good. The more people are broke, have not a penny, landlords think they'll save themselves, and the BTL mortgage, by rising the rent. Genius,On mumsnet I have seen posts by mums seeking other mums for a house share. I am not surprised in my toen and neighbouring ones, rent for a 2-3 bed has increased £200-300/month compared with kast year.
In early December last year I stayed in an airbnb for two day at £150/night. This december it's £209/night.
This is not scaremongering on forums. Shit is real out there!
@Matski are you feeling the effects of inflation in the UK?
Rents are similar to UK secondhand car prices - in La la land, about to crash and burn.
The obvious thing is for Big Govt to step in, again, and pay landlords, just as they're doing paying £tens of billions to energy companies. Won't happen though, as rent will dwarf even this - say minimum £500/month for ten million renters, for ever - £00s of billions.
If they do it - bail out themselves - MPs, London media etc, who are major BTL landlords - they really will make the £ the Weimar £.
They know it, the BoE knows it, The City knows it, and global investors know it.
That's why 'They' had to do the Rugpull, now, as it's the end of the road.