Private Landlords to Evict up to 200,000 tenants because of benefits cuts

dopester

HAMISH_MCTAVISH wrote: »

Housing is a primary need. People will find a way to pay.

Maybe in the short term but not when there velocity of money is falling and falling into the deflationary vortex. Rents are gonna crash in many areas. Professional landlords should be able to roll with it.

Different story for leveraged landlords who've bet on boom values and rent levels never changing, except for going upwards.

http://www.youtube.com/watch?v=9AlH2oYedfk

As for people getting their HB cut, deal with it. Panic on the streets of Aberdeen.

chucky

dopester wrote: »

As for people getting their HB cut, deal with it.

can't agree with all your post D but never a truer word said above... if it causes problems you shouldn't have been so reliant on HB and planned with contingencies...

Exocet

IveSeenTheLight wrote: »

You could argue that housing is above food in priority.

I currently try to eat organic produce where possible. If I was in financial trouble, I would want a secure roof over my head and drop level of food that I buy.

Organic > Standard > Supermarket Own Brands > Beans on Toast

Detached > Semi > Terrace > Flat > BedSit > Caravan> Aberdeen

carolt

IveSeenTheLight wrote: »

In your scenario, you've chosen to move to a nicer pad rather than save the extra rent you would have obtained on your current property towards a deposit.

Synopsis: Carol will always be a renter

Because I don't see rents falling massively at my level. But I do see top-end rents reducing sharply, meaning I can get a much nicer place for the same money.

If rents at my current level became much cheaper, obviously I'd opt to save the cash.

I take it from that comment, ISTL, that you do see that coming.

Interesting, you being a landlord and all.

carolt

IveSeenTheLight wrote: »

You could argue that housing is above food in priority.

I currently try to eat organic produce where possible. If I was in financial trouble, I would want a secure roof over my head and drop level of food that I buy.

Organic > Standard > Supermarket Own Brands > Beans on Toast

Absolutely. And if I was in housing need, I'd rent in a cheaper place, or a smaller place, or kip on a friend's floor.

No-one's going to choose a place to live long-term that they simply can't afford.

Gorgeous_George

As I see it...

Some LLs will reduce rent

Some tenants will find a bit more

However, I think the quality of the rental sector will suffer because LLs will not have as much money to fund repairs and refurbishments.

Still, long overdue. Some people get more in LHA than I earn for working full time. That cannot be right.

And while we bicker online, the real culprits - the Americans and the banks - breathe a huge sigh of relief. They're laughing all the way to the...

... bank.

GG

sjaypink

HAMISH_MCTAVISH wrote: »

So Ermentrude has two choices. Come up with the rent, or be homeless.

Ermentrude decides a roof over her head is the most important thing, so examines her budget for areas she can make a savings. As Ermentrude is on benefits, she obviously has a Sky subscription, smokes 40 a day, and drinks like a fish. (according to all the frothers, anyway)

Ermentrude decides the smoking will have to go, and cuts down on the booze as well.

Ermentrude pays the rent.

Or...., Ermentrudes LL reduces the rent either partly of wholely to the new LHA rate, as they are happy to keep a relatively easy tenant and avoid a period of problems/ uncertainty (evicting Ermentrude and finding new tenants).

Or...., Ermentrude, after spending her life reliant on the state and fully aware of her rights, knows she can drag out the eviction process for a year or more, increase the LL debt massively- which he has no real chance of ever reclaiming back- and come out the other end with a right to be re-housed as she has been made unintentionally homeless.

Reality is probably somewhere in between the four

HAMISH_MCTAVISH

[QUOTE=sjaypink;34409213
Reality is probably somewhere in between the four [/QUOTE]

Indeed.....:D

new_home_owner_3

To those who rent who think rents are going to fall, why dont you all ask your landlords tomorrow for a reduction in rent and use the reasons you have said in this thread.

Then do us a favour and report back.

i think rents may fall in areas where houses are freely available to rent, thing is by me the only houses that are available to people on housing benefit are in not very nice areas and i would not want to live there, but i suppose if your benefits will only pay for a rental property in these areas you are going to be stuck there.

carolt

Which is an excellent incentive to get a job.