Changes to Housing benefit how much will rents fall?

Silverbull

Have you thought about the possibility that these population movements will make unemployment go a lot higher?

I can see many employed in London on min wage who can only afford to live in London because of housing benefit paying their rent.

With these changes they can no longer afford to pay their rent. They may have to move out of London and be unemployed.

But the gov is saving money in the long run to reduce the huge housing benefit bill.

chucky

Silverbull wrote: »

Have you thought about the possibility that these population movements will make unemployment go a lot higher?

I can see many employed in London on min wage who can only afford to live in London because of housing benefit paying their rent.

With these changes they can no longer afford to pay their rent. They may have to move out of London and be unemployed.

But the gov is saving money in the long run to reduce the huge housing benefit bill.

that's part of my point - unless we have massive population movements in the demographics, not much will change.

demographics don't change in 6 months or even 2 or 3 years - they happen over a much longer time if they are going to happen at all.

Silverbull

So what is your argument that we will not see massive population movements and greater unemployment in the next 3 years?

Is it just that these things usually take longer?

ukcarper

What do you think is the solution for housing people on low incomes in London? Even if house prices fall because of new benefit reductions I doubt they will fall that far.

chucky

Silverbull wrote: »

So what is your argument that we will not see massive population movements and greater unemployment in the next 3 years?

Is it just that these things usually take longer?

yes - see my post

chucky wrote: »

demographics don't change in 6 months or even 2 or 3 years - they happen over a much longer time if they are going to happen at all.

and i don't think it will happen by the way - not in this generation anyway

Silverbull

Most do not agree with you Chucky.

I think not many have realised the huge implications of these changes.


The Shelter chief executive, Campbell Robb, said the cap would drive thousands of people from their homes into areas with more limited job opportunities. A senior London housing official, speaking off the record due to his civil service status, said: " I have been in housing for 30 years and I have never seen anything like this in terms of projected population movements. London is going to be a bit like Paris, with the poor living on the periphery. In many boroughs in inner London in three or four years there will be no poor people living in the private rented sector … it is like something from the 19th century."

ukcarper

Let’s face it prices are not going to drop far enough for someone a low income to rent without some sort of help. Long before that people on middle to higher incomes will have mopped up all available property.

So what is the solution

Silverbull

There is no solution.

People who are not earning above average wages will not be able to live in London.

This will have a huge impact.

ukcarper

I don't think it will be allowed to happen even if they have to keep housing benefit high for London

Silverbull

ukcarper wrote: »

I don't think it will be allowed to happen even if they have to keep housing benefit high for London

That`s not what they are saying now.

April next year HB is being cut to max 400wk for big families. 350wk for 3bed 290wk for 2bed.

London is not immune, it will apply to London the same as the rest of the country.