We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Changes to Housing benefit how much will rents fall?
Comments
-
chewmylegoff wrote: »i typed in "camden" and it comes up as one of the drop down options.
if you choose the display properties on map option, it appears accurate.
Thanks, I didn't know you could do that....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
If there is no spare capacity for rented homes, why are the streets not clogged with families sleeping in shop doorways?0
-
If there is no spare capacity for rented homes, why are the streets not clogged with families sleeping in shop doorways?
If there is spare capacity, why are rents high?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
If there is spare capacity, why are rents high?
Rents are high because LHA pushed them up.
Low earning families getting 2 grand a week to give to their landlord!
Some families giving as much as 4.5 grand every week to their landlords!
There is no way all these landlords would get this amount from people paying out of their own pockets.0 -
If there is spare capacity, why are rents high?
Because they are, in general, set at the maximum the market can cope with. In a lot of cases, this is set at the maximum LHA cap.
As Sue said earlier, her rent is high because thats what was offered. However, they can not extract the same rent from the private renter.0 -
If there is spare capacity, why are rents high?
that would only apply if the majority of property was LHA.Graham_Devon wrote: »Because they are, in general, set at the maximum the market can cope with. In a lot of cases, this is set at the maximum LHA cap.
i doubt very much that it is. actaully i doubt it's even close.
the claim of 90% of property receiving HB/LHA earlier on the thread is completely stupid.0 -
Oh come on, just walk around some areas of London and compare local rents to the people you see walking around you - there are so many areas where it is clear the average local esp recent arrival (ie not pensioners who may have bought years ago when it was cheap) could not possibly afford to pay local rents if they had to pay them fully themselves.
It's blatantly clear that local rents have been supported at unrealistic levels in recent years. Only someone who walks around London with their eyes shut could think otherwise.0 -
Oh come on, just walk around some areas of London and compare local rents to the people you see walking around you - there are so many areas where it is clear the average local esp recent arrival (ie not pensioners who may have bought years ago when it was cheap) could not possibly afford to pay local rents if they had to pay them fully themselves.
It's blatantly clear that local rents have been supported at unrealistic levels in recent years. Only someone who walks around London with their eyes shut could think otherwise.
Absolutely correct.
I can see these changes forcing many families out of London to the countryside, and thats the way it should be if they cant afford to live in London.
Its a very good thing for all of London in general. Rents and house prices will come down to realistic levels.
Its also good for the rest of the UK that will benefit from a redistribution of these families that cant afford to live in the S,E.0 -
Low earning families getting 2 grand a week to give to their landlord!
Some families giving as much as 4.5 grand every week to their landlords!
People getting £8,666 per month (£2,000 per week * 52 weeks / 12 months)
Some Families giving as much as £19,500 (£4,500 per week * 52 weeks / 12 months)
Can that really be true?
If it is, I bet it's a fraction of the rental market.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Graham_Devon wrote: »Well if you assume that 50% of landlords chuck their tennants out. This would, I assume, happen over a 6 month time frame.
You'd have some boroughs with 8 and a half thousand new rentals coming on to the rental market over those 6 months.
That's where I can see the falls in rental prices coming in. IF landlords kick tennants out instead of taking lower payments, supply will surge.
But surely so would demand..........:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards