Rents rocket in smartest postcodes

MikeJ74

If its over a grand a week now what will it be when housing ben is cut next April?

chucky

MikeJ74 wrote: »

Q. Will people still rent these expensive places if they dont get housing benefit?

A. Not unless the rent falls a long way.

MikeJ74 wrote: »

If its over a grand a week now what will it be when housing ben is cut next April?

the article did say the rise was due to more corporate lets and first time buyers who couldn't buy.
as far as i know corporate tenents aren't entitled to housing benefit. do you know otherwise?

Increased competition has been prompted by the return of the corporate rental market and by increasing numbers of frustrated first-time buyers unable to afford mortgage deposits

these type of people don't sound like they're on HB...

new_home_owner_3

MikeJ74 wrote: »

If its over a grand a week now what will it be when housing ben is cut next April?

Loads of people who work in the centre of london would be happy to pay this amount, its better than travelling 40 or 50 miles a day into work and 50 miles back.

i wonder how many people on housing benefit actually live in these 1000 pound a week houses?

I find it mad that people who choose not to work can live in the same house that some one who is a higher tax earner would struggle to afford.

carolt

drc wrote: »

Probably a typo. I suspect it's per week :eek:.

Wonder how many other errors there are in the article?

new_home_owner_3

carolt wrote: »

Wonder how many other errors there are in the article?

articles, ive added some more for you to pick through.

chucky

Residential rents are now rising across the UK, and are forecast to continue growing for at least the next two years – leading some analysts to suggest returns on buy-to-let property look attractive again.

rents to rise for two years due to demand and supply... interesting...

Savills is forecasting that rents will end the year 8 per cent higher than at the end of 2009, with another 7 per cent of annual growth to come in both 2011 and 2012.

http://www.ft.com/cms/s/2/47179b0a-967f-11df-9caa-00144feab49a.html

new_home_owner_3

chucky wrote: »

rents to rise for two years due to demand and supply... interesting...

http://www.ft.com/cms/s/2/47179b0a-967f-11df-9caa-00144feab49a.html

i wont be raising mine, im happy with what im getting ill re evaluate in 2 years time.

DaddyBear

I thought it was only the bears who started threads about "round my way".

new_home_owner_3

DaddyBear wrote: »

I thought it was only the bears who started threads about "round my way".

it usually is, same as with bulls, but then again when there about 5 or 6 articles from major sources like the bbc, i dont think there really needs to be.

I go by whats happening by me and what the national press report, its no good people talking about the other end of the country where they dont live.

new_home_owner_3

new_home_owner wrote: »

but then again theres only one flat to rent in the area, where my house i let out is.

the flat as now gone let agreed today.