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The Bunker – News without the nonsense

Rental Health Crisis: The Looming Lettings Disaster

The Bunker – News without the nonsense

Podmasters

News, Government, Politics, Society & Culture

4.61K Ratings

🗓️ 21 September 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

Bidding wars, rent caps and queues just to view homes. What is going on with rented housing? Far from being a fringe aspect of housing used by students, it's now used by a significant proportion of our population. Ahir Shah is joined by Pete Apps, deputy editor at Inside Housing and author of forthcoming book Show Me the Bodies, on the Grenfell Tower disaster, to discuss navigating the lettings market.     “We are seeing a supply-demand perfect storm.” “With house prices rising, most people really are trapped. They have no option but to rent at extortionate rates.” “The private rental sector isn’t some fringe part of the economy only used by students, it's the main way that many house themselves.”  Support us on Patreon: https://www.patreon.com/bunkercast Written and presented by Ahir Shah. Lead Producer: Jacob Jarvis. Producers: Jacob Archbold, Jelena Sofronijevic and Alex Rees. Assistant Producer: Kasia Tomasiewicz. Audio production by Jade Bailey. Music: Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved

0:05.5

photography but I turn it into earning a living at 60. I enrolled on a day course.

0:11.8

Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?

0:13.0

I loved going to college.

0:14.0

It's good you can retrain and do something.

0:16.0

Yeah, yeah.

0:17.0

Let's talk about working, learning, saving and making the most of living longer.

0:22.0

Phoenix Group is the UK's largest long-term savings and retirement business.

0:28.0

Search Phoenix Group living longer.

0:30.0

Pets brings so much joy.

0:32.0

From those happy greetings at the door to the warm cuddles on the sofa

0:36.7

so give a little love back with dental life from Purina a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so

0:55.3

look after theirs with dental life. Pick Sharpe rents in the UK are at their highest rate on record.

1:14.0

In areas such as Manchester, average asking prices for privately rented housing

1:18.0

are up over 20% year on year, and the problem is nationwide with rents up over 15% in London and 18% in Cardiff.

1:25.0

Four in 10 under 30% now spend more than 30% of their pay on rent.

1:30.0

Recent years have been full of acknowledgement from government that there is a housing crisis.

1:34.6

There have, however, been a dearth of solutions.

1:38.0

Joining me to discuss this is Pete App's, Deputy Editor of Inside Housing and author of the forthcoming book Show Me the Bodies about the Grenfell Tower disaster.

1:47.0

Pete, welcome to the bunker.

1:48.0

Hello, nice to be here.

1:50.0

Pete, while the private rental market has been growing more unaffordable for a while, it seems like there's been a particularly massive shift in recent months.

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