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The old will become new again

‘House hacking’: the latest trend in Britain’s broken property market
Young homeowners are turning to ‘house hacking’ to pay the mortgage

AKA “taking in a lodger”.

11 thoughts on “The old will become new again”

  1. It’s obviously much easier to find a clean & tidy lodger in zone 2 than in Darlington. Pre-Covid in London you could find a Monday-to-Friday lodger quite easily, someone with a wife & kids beyond commuting distance, and still have the house to yourself on the weekend. Now with WfH they all want Tuesday-to-Thursday only.

  2. Read an outraged article about wicked landlords here in Oz renting out sheds or even bits of dirt since houses are so short.

    As you’d expect, I noticed that the number of immigrants was much the same as the shortage of houses.

  3. A £40k salary is approx £2,650 net per month.

    No reason why he couldn’t already afford a £776 mortgage payment. However by getting a lodger then in a couple of years if he’s sensible he can easily move to a more expensive property or make some chunky pension contributions. It’s probably a bit too soon to start paying off his mortgage early.

    More importantly a 2 bed flat in Catford is a perfectly reasonable starting point and sheds light on those who complain they can’t get on the property ladder but are unwilling to set their sights a little lower and accept they can’t afford to live in expensive postcodes (that privilege is reserved for new arrivals in our country).

  4. Not too much different from flat sharing is it? just giving your rent to the other bloke in the flat rather than the Ropers (No, no, no not them, George and Mildred…….)

  5. John. give the government their due, they’re doing their best to discourage the asylum seekers, cruel though that may be.
    They let them drown in the Channel if the smugglers economise overmuch on the dinghys. They make them sleep rough on the beach. The poor wretches starve because they’re denied food. They have no money. They don’t get free cars. They don’t get free healthcare. It’s only fair they’re allowed to live with their relatives in Clapham, Wandsworth and Amersham.
    I know all this because I’ve been doing extensive research in the Guardian…

  6. Grist,

    Many US cities have addressed the issue of unwanted diversity being parked on their doorsteps by allowing their airport terminals to become the equivalent of 21st century flophouses.

    I reckon at least several hundred boaties could bed down in the House of Lords and a similar number in the Commons with their lordships and honourable members taking up the slack by allowing other vulnerable women and children to use their second or third homes. The generous £350 per month “Homes for Ukrainians” support scheme, worth even more than the HoL daily allowance, could be quickly extended to cover their costs.

  7. John,

    “More importantly a 2 bed flat in Catford is a perfectly reasonable starting point and sheds light on those who complain they can’t get on the property ladder but are unwilling to set their sights a little lower and accept they can’t afford to live in expensive postcodes (that privilege is reserved for new arrivals in our country).”

    I still would like housing to get cheaper for all, but when I talk to most of the people who are complaining about housing, I rarely find a sympathetic case. People who are all “why should I move away from my family and friends” or who prioritise bars over getting a home. On the other hand I talk to people who have moved to Swindon, Blackpool, Wellingborough. They only have to go to the office sporadically, so why pay all that rent instead of just the odd long commute?

  8. having talked to friends who rent property they all tell me the regulations are so skewed to favour bad renters that it’s putting people off renting and they are seriously thinking of getting out.

  9. Taking in lodgers bypasses a lot of those rental regulations. Because they’re in your home, they’re more-or-less subject to at-will eviction. You just have to make sure they don’t have their own bathroom, kitchen, and entrance door.

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