I rent out rooms, as everyone is saying people now have to do to survive the mortgage crisis. I already have been doing that for 5 years. I welcome people into my house, and charge them less than market value. You're getting confused with renting a whole house, comparing to renting a room in a house with a landlord. People don't expect to be in that room for years, let alone 12 months. They know what to expect, they don't want a lease for a year but a monthly thing so that when they find their long term place they can freely move to it, without having to give 3 months notice etc.
I had an aussie guy stay, was with us 5 months. Worked for him, worked for us. Plenty examples like that over the years. Some French girl, December to April. Lost her job, moved back home 2 weeks later. Imagine her paying twice the amount per month to rent with an agency, be stuck in a 12 month contract etc.
But yeah I'm glad I don't know you either.
I have to have their mess in my kitchen, their stuff in the dishwasher for days, their clothes drying in my lounge, their stinky fridge, their mess in the bathrooms. Living with others isn't easy, living with 2 others is harder.
All I'm saying is that 7.5k relief should be increasing, as its not done for a long time now. We can agree that the relief is worth less now than it used to be.
On top, at a time when rent is flying up, there just isn't enough competition, especially low cost but still decent completion, increasing the benefit for landlords to rent rooms in their house makes sense to me. At some point, whenever the 7.5k relief was set (does anyone know when this was set?) the powers that be decided 7.5k was correct at the current market rate. Why is it not going up?
