RICS: Rents Will Rise Next Year

DaddyBear

IveSeenTheLight wrote: »

SOunds more like your post is of hope rather than reality

300,000 is still a lot, and takes out all of the 250,000 extra families that Hamish pulled out of his @rse, and then some. And if you think that housing benefits are going to rise with inflation from here on, you are dreaming.
It seems your posts are more hope than mine, your vested interest sees to that.

JonnyBravo

No, your posts are just as "hopeful" it's just that your bias blinds you to it.

Oh well.

Emy1501

IveSeenTheLight wrote: »

I saw a prediction somewhere that unemployment would peak next year at 2.8 million.
That's only 300,000 from where we are now (albeit unfortunately).

Unemployment is given on here as a reason for house price decreases, presumably as those made unemployed wont be able to afford their mortgage.
Now it's used for rents to lower.
Lets presume a 50 / 50 split between owners and renters, it's still a very small percentage of the workforce and of home owners / renters, so not so sure it will make a difference.

When you also consider the government subsidise social renting of private accomodation and they also have the HMS and SMI schemes for home owners, where is the drive for lower rents and prices going to come from the unemployed?

SOunds more like your post is of hope rather than reality

SMI etc will be heavily reduced by June and I suspect with all the noise the Sun are making about housing benefit this will get revamped as well.

Certainly where I am in South London unemployment etc is having an effect of tenants and I see more and more signs saying DSS welcome. In the current economic climate it hards to say where rents are going to but I doubt rent for flats are going to rise in the SE in the near future.

ThrowingStonesAtYou

Call me a skeptic but I can't see residential housing rents rising once Mr Browns economic miracle implodes once and for all when nobody is willing to fund his stupidity any longer.

Emy1501

JonnyBravo wrote: »

No, your posts are just as "hopeful" it's just that your bias blinds you to it.

Oh well.

Isn't pretty everyone on this forum bias in their own way? Lets face we have been told that Capital Economics are a waste of space because their predictions are always wrong but we should now pay attention to RICS who predicted in 2007 that HPI would be 0% in 2008 and that prices would fall by 10% in 2009?

AGBAGB

And if you think that housing benefits are going to rise with inflation from here on, you are dreaming.

So not quite an "inevitable reduction."

My dreams do tend to be on the positive side, I'm sorry about your nightmares, your missing porridge again?

We might well be bumping around at the bottom at the moment but things do tend to turn around at some point. If you can't see this you must be predicting the end of life as we know it, Armagedon, we're all doomed, doomed I say.

Spartacus_Mills

abaxas wrote: »

Link please!

I wouldn't hold your breath. I am still waiting for links for some of his figures from a couple of weeks ago.

Hamish does not do facts.

Spartacus_Mills

DaddyBear wrote: »

Wow, another RICS survey. Not at all biased and always right.
They fail to take into account Rrsing unemoyment and the
inevitable reduction in housing allowance and benefits.
The number of properties for rent may be falling, but so is the ability of renters to pay rent.

Maybe they are pre-empting it or trying to fire a shot across HMG's bows. Yvette Cooper is already on record as saying they are going to reform it and I am sure these conveniently reported stories of Asylum seekers claiming a small fortune for a luxury house have been conveniently handed out by various Government stooges to tame journalists.

(Here's a lesson for Hamish, providing some evidence to back up a claim)

http://www.24dash.com/news/Housing/2009-12-15-Cooper-pledges-housing-benefit-shake-up-to-make-system-fairer

AGBAGB

Not sure what the claim the link is backing up. Last line says, plans to change the system have been dropped.

Spartacus_Mills

AGBAGB wrote: »

Not sure what the claim the link is backing up. Last line says, plans to change the system have been dropped.

This is the bit that has been dropped, a previous proposal.

"Families currently receiving local housing allowance (LHA) are able to keep up to £15 a week if they choose to rent a home below the LHA's maximum for their area, but the Government had proposed removing the payment from April next year."

Not the reform of the system in general.

"The latest changes (IE what Cooper is now talking about) will pay for a U-turn on previously proposed changes (proposed abolition of the £15 a week thing) to local housing allowance after they were condemned in a consultation."

This was dropped as they felt the £15 a week thing helped drive down rents.