Will UK rent prices decrease due to all the deaths?

Outcast440 · 23 Jan 2021 at 08:39

Sounds harsh, but likely true.

With 100K + dying due to Covid, will this decrease UK rent prices in the coming year or two, due to spare capacity of rooms, houses etc?

Jokester · 23 Jan 2021 at 08:41

No.

Plenty of care homes might go bust though.

Outcast440 · 23 Jan 2021 at 08:42

Will social tennants have to pay the bedroom tax if one of the occupants dies due to Covid?

Outcast440 · 23 Jan 2021 at 08:43

Jokester said:
No.

Plenty of care homes might go bust though.

That's true, but maybe they could then be rented out as flats/rooms - this would increase capacity and possibly reduce rents

Zefan · 23 Jan 2021 at 08:50

In a population of 67m (estimated) even if a million died, all of which removed and entire "unit" of rent demand (won't be the case because people will be sharing) then it'd be a drop in demand of 1.5%. Would you even notice a drop in your rent of that much?

p1RATE · 23 Jan 2021 at 08:53

You should read The Demographic Cliff by Harry S Dent

Will Gill · 23 Jan 2021 at 08:55

Outcast440 said:
Sounds harsh, but likely true.

With 100K + dying due to Covid, will this decrease UK rent prices in the coming year or two, due to spare capacity of rooms, houses etc?

How did you escape the covid forum, I thought we had you contained there quite nicely, not sure GD is a good idea for you.

Psycho Sonny · 23 Jan 2021 at 09:05

Outcast440 said:
That's true, but maybe they could then be rented out as flats/rooms - this would increase capacity and possibly reduce rents

Pull the other one.

Care homes have waiting lists where I am well the good ones do. It's hard to get into the good ones so I'm sure they will have no issues finding new residents.

If you want to convert buildings into housing the high street and all the empty offices would be far more suitable long term.

Jokester · 23 Jan 2021 at 09:09

With the number of elderly people dying, it could actually have the opposite effect due to inheritance wealth.

jonas123 · 23 Jan 2021 at 09:35

I have wondered whether the country will be 're-balanced' with less pensioners after Covid-19. 100,000 excess deaths of pensioners * £150 a week * 52 = £780m a year saved (assuming they would have lived another year)

What a morbid thought

Nasher · 23 Jan 2021 at 09:39

The population is still rising due to migration.

Psycho Sonny · 23 Jan 2021 at 09:44

jonas123 said:
I have wondered whether the country will be 're-balanced' with less pensioners after Covid-19. 100,000 excess deaths of pensioners * £150 a week * 52 = £780m a year saved (assuming they would have lived another year)

What a morbid thought

It's not all pensioners that are dying.

Pensioners also tend to die naturally.

The real figure is far less plus it's not an absolute saving. For example Mary died of Covid at 90 years old. She would have died in a Covid free world at 91. So you managed to save a year's worth of pension. Not her pension for the rest of eternity.

potatolord · 23 Jan 2021 at 09:44

jonas123 said:
I have wondered whether the country will be 're-balanced' with less pensioners after Covid-19. 100,000 excess deaths of pensioners * £150 a week * 52 = £780m a year saved (assuming they would have lived another year)

What a morbid thought

Also a significant saving in NHS spending, and possibly care spending.

malachi · 23 Jan 2021 at 09:58

jonas123 said:
I have wondered whether the country will be 're-balanced' with less pensioners after Covid-19. 100,000 excess deaths of pensioners * £150 a week * 52 = £780m a year saved (assuming they would have lived another year)

What a morbid thought

Doubt it, private companies will still find a way to make a profit from the remaining pensioners.

Psycho Sonny · 23 Jan 2021 at 10:05

malachi said:
Doubt it, private companies will still find a way to make a profit from the remaining pensioners.

What are you talking about?

He's talking about the government saving money not private companies.

B@Th*nG · 23 Jan 2021 at 10:29

Nasher said:
The population is still rising due to migration.

but we took bak control and shut r boarders.

jonas123 · 23 Jan 2021 at 10:35

Psycho Sonny said:
It's not all pensioners that are dying.

Pensioners also tend to die naturally.

The real figure is far less plus it's not an absolute saving. For example Mary died of Covid at 90 years old. She would have died in a Covid free world at 91. So you managed to save a year's worth of pension. Not her pension for the rest of eternity.

but that is what i mean. The majority of people dying will be above pensionable age (60 something ish at the moment). If they die 1 year before their 'natural' death age, that is a saving of £150*52 = £7800 for the government. If that scales to 100,000 early deaths, that is £780m. A morbid thought, but no doubt the government will be looking at this as it's an extra £780m to spend on the economy etc.

Semple · 23 Jan 2021 at 10:46

Outcast440 said:
Sounds harsh, but likely true.

With 100K + dying due to Covid, will this decrease UK rent prices in the coming year or two, due to spare capacity of rooms, houses etc?

I don't think you realise how big the UK population is. 100k deaths is 0.15% of the population.

The population level would need to drop considerably more for it to affect demand on rental properties.

Outcast440 · 23 Jan 2021 at 11:05

Will Gill said:
How did you escape the covid forum, I thought we had you contained there quite nicely, not sure GD is a good idea for you.

there's always a way around arbitary 'lockdown' rules

Outcast440 · 23 Jan 2021 at 11:07

Nasher said:
The population is still rising due to migration.

Doubt anyone will want to come to the UK for some time though, with the double whammy of Covid and Brexit