cliveb
Head Pro
The craziest aspect of this is that people who have a history of demonstrating they are able to pay these extortionate rents are deemed unable to pay a similar (or lower) amount on a mortgage.The biggest private sector business in the UK is property renting.
Working people hand over their earnings to the wealthy property owners and property-owning businesses.
Rents are too high. Property values are too high and mortgages can not be obtained and people are thus forced to rent.
This lowers the standard of living of the renters and increases the standard of living of the property owners.
This is very inefficient and wasteful. It affects millions of people directly. It has a long-term negative effect on our economy and on the lives of working people.
How is it fair that someone is encouraged to pay someone else's mortgage instead of their own?