A regular reader - asteve - asked about the seasonality of average earnings, bonuses and rents. Hopefuly, this chart will clarify things a little. Bonuses are highly seasonal, rents are stable.
As the chart suggests, rents are lagging behind average earnings. It is a great time to rent. In fact, all renters would agree on one thing. We need more buy-to-let investors and not less. They help keep housing costs down.
Can mortgage-oppressed home debtors say the same thing about their housing costs?