I am a cleaner on minimum wage, stayed with my folks to same money to get a cheap flat and get some passive income. I done it for a few years but it's not for me.
I let the place for £450 pcm and the person I sold it to said he would easily get £625 pcm.
I thought my price was on the high end but the letting agent assured me that was average for a 3 bed in that area.
The point I'm making is how the fuck are people supposed to live with that much of an increase and I assume it will go up year on year.
Gas prices, inflation, no wage rises, I think we might all be a wee bit fucked.
Before I get slated for being a landlord……
It was for 5 years. I never put the rent up. The mortgage was about £200. I live in a 1bed flat that I currently have a mortgage on