Generation Rent Finally Provide Some Useful Info

by Property118.com News Team

10:28 AM, 26th August 2017
About A year ago

Generation Rent Finally Provide Some Useful Info

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Generation Rent Finally Provide Some Useful Info

A few us of secretly signed up to receive Generation Rent emails some time ago, mainly to stay abreast of their latest propaganda.

However, they now appear to be inadvertently giving us insight into the best places to invest for both rental and capital growth. Apparently, all we need to do is find out where Waitrose would like to open stores in the future, buy there and watch the money pour in.

Below is the email they recently sent out.

We look forward to reading your comments.

Here’s the extract from the Generation Rent update email ….

If Waitrose opens a new store in your local area, it could mean different things: job opportunities with a well-regarded employer, extra choice for your weekly shop – or, if you’re a renter, an eviction notice through the door.

Oxford academic David Adler has pored over eviction data from the Ministry of Justice and opening dates of Waitrose branches between 2005 and 2015. In a paper, published by Generation Rent, he found that areas see an increase in no fault evictions of between 25 and 50% when they get a new store.

He links this to rising house prices. Waitrose tends to open up in areas that are getting wealthier – i.e. through higher house prices. The presence of a Waitrose then attracts wealthier people into the area, which pushes up house prices further. Some landlords respond to rising property values by selling up, or finding tenants who can afford a higher rent – and that involves turfing out their current tenants.

It would be unfair to blame this phenomenon on Waitrose, but it does illustrate the impact of gentrification for private renters, when we have so little security over our homes. Renters shouldn’t face a forced move just because their neighbourhood is becoming more fashionable.

It’s another reason why we’re campaigning to end Section 21, the law that gives landlords the ability to evict tenants with no reason – and no grounds for appeal. If landlords are supposed to be in business for the long haul, the law should not make it so easy to evict someone who is upholding their side of the agreement.

We’re proposing restrictions and a penalty to deter landlords from evicting blameless tenants, giving tenants greater stability and a financial safety net if they are forced to move.



Comments

James Fraser

14:02 PM, 26th August 2017
About A year ago

What a bunch of jokers. And they call themselves a serious organisation?!

Mark Alexander

14:13 PM, 26th August 2017
About A year ago

Surely a tenants side of the agreement is to pay the market rent?

I'm sure landlords wouldn't evict a tenant who was prepared to pay the going rate.

Even if Generation Rent were to get their way and have s21 banned, surely that wouldn't help becaus elandlords would just serve a s13 notice to increase the rent to the market rate.

Will Generation Rent be campaigning to scrap s13 on that basis too?

If so, expect even less rental properties to be available and less new development because less landlords = less new development

Monty Bodkin

9:01 AM, 27th August 2017
About A year ago

Hipsters being priced out of trendy London boroughs?
Shocking! Lets scrap section 21 and make it even harder for a zero hours contractor in Grimsby to find any landlord willing to take them on.

Nice to see those TMW (Nationwide) BTL mortgage payments have helped set up such vital work;

https://www.morningstaronline.co.uk/a-ee0e-Generation-Rent-saved-after-tenants-plug-funding-gap#.WaJzg4WcHIU
Generation Rent was left without funding earlier this month when its original sponsor Nationwide Foundation unexpectedly withdrew its £750,000 support.

Gromit

9:29 AM, 28th August 2017
About A year ago

Reply to the comment left by Monty Bodkin at 27/08/2017 - 09:01
did you notice the date of the article?

NW Landlord

9:34 AM, 28th August 2017
About A year ago

I cannot believe these people are getting paid to come up with this utter nonsense, and the sad thing is the government listens to these jokers amoungst other

Monty Bodkin

10:06 AM, 28th August 2017
About A year ago

Reply to the comment left by Barry Fitzpatrick at 28/08/2017 - 09:29
Yes, I did notice the date of the article.
The Nationwide funding came in at just the right time for Osborne to exploit the level playing field bullsh*t to justify his tenant tax.
Nationwide have also been big funders of Shelter.

Rob Crawford

12:37 PM, 28th August 2017
About A year ago

Therefore is the opposite is relative to Aldi or Lid? Are there more rent arrears in areas where these stores dominate??

Chris Daniel

14:47 PM, 28th August 2017
About A year ago

Reply to the comment left by Monty Bodkin at 27/08/2017 - 09:01
I should wonder why any organisation funds them, or Shelter,-
The organisations that do need wider publicity in the PRS, as there would be a lot of Landlords and many other related professionals that rely on the PRS - builders etc that would be less inclined to do business wit them.

Chris Daniel

15:05 PM, 28th August 2017
About A year ago

Just put the below on Nationwide's Feedback, requesting a response.
" Glad to see you make a sensible decision in giving Generation rent a message that Anti-Landlord rhetoric isn't condusive with your business interests.
I wouldn't imagine its lost on you, how many landlords and builders etc that are connected with the PRS, are currently your CUSTOMERS !
I'd like to see you give the same message to Shelter, as they and GR provide Zero housing, just criticism of those ( in the PRS ) that do ! "

Mark Alexander

20:04 PM, 28th August 2017
About A year ago

Reply to the comment left by Chris Daniel at 28/08/2017 - 15:05
Nationwide Foundation is funded by the Building Society but its decisions are independent of it .... or so they say!

Pity they don't chuck the extra £750k of donations Budget our way. I'm sure we could do a far better job for their benefactors than Shelter or Generation Rent ever could!

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