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Changes to Housing benefit how much will rents fall?
Comments
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Sorry HM if this has been covered, but I don't think you understand the financial thinking of many of those reliant on benefits.HAMISH_MCTAVISH wrote: »Remarkable, isn't it?
Graham, I suggest you research "primary need" and "discretionary spending"....
When you can figure out the difference, let me know which one is more likely to be cut.;)
And therefore which is more likely to take the hit. Landlords or purveyors of cheap chinese tat.
Firstly I think you underestimate the effect £22, or £10, or even £5 per week can have on those with a very tight budget, particularly when other costs- food & utilities are rising.
Secondly you assume all claimants will be planning ahead, saving, budgeting generally being responsible....... I assure you (unfortunately) this will not happen :cool:
Its amazing how many people wait for their eviction notice before they even consider what their primary needs are.We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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The Government now says they will
· reduce all Local Housing Allowance rates so that about 5 in 10 properties for rent in the area should be affordable to people on Housing Benefit rather than every 3 in 10 properties as now.
Can be found here
http://www.maldon.gov.uk/LivingHere/CTBenBR/Future+Changes+to+Benefits.htm
So there is no doubt then that average rents will be reduced?
Not good news for landlords trying to rent out their properties just as we near the time when rates go up and monthly mortgage payments could go higher than the rental income.
About time and all. Screw the landlords.0 -
Where I live the LHA for a 2 bed property is £230 per week or just under £1000 per month. The "true" figure for many of those properties is around £650/£700 a month but the "market" rent is pushed up by the inflated LHA.
An additional point is landlords offering utter !!!!! properties at £15 a week less than the LHA simply to feast off gullible tenants who value the £15 extra more than a decent place to live, largely because they are not paying for it. The higher rents then preclude them from taking employment, thus trapping them in the circle of deprivation. This LHA things is a massive black hole for government cash.0 -
Secondly you assume all claimants will be planning ahead, saving, budgeting generally being responsible....... I assure you (unfortunately) this will not happen :cool:
Its amazing how many people wait for their eviction notice before they even consider what their primary needs are.
And then, when it happens, it's always someone else's fault.
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Its strange- its often just not considered a big deal until the last minute- think its probaby a side effect of 'the benefits culture' -not that they expect to stay in that home forever (the expectations of the scum that are often talked about on here- no namesAnd then, when it happens, it's always someone else's fault.
)....
....its more that they that just don't believe that eviction can happen to them- they are protected? Theres a subtle difference IMHO
(but, yeah, when they realise it can happen, and / or their expectations are wrong, it is often someone elses fault)We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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The Government now says they will
· reduce all Local Housing Allowance rates so that about 5 in 10 properties for rent in the area should be affordable to people on Housing Benefit rather than every 3 in 10 properties as now.
I've been discussing this on another thread.
Apparently on 30% of Housing Benefit receivers rent from pricate property.
There are apparently 4.75 Housing Benefit recipients, meaning there are 1.425 million private rental properties which "may" be affected.
The government cannot force other properties to reduce their rent.
I've rented out a couple of properties for a number of years now, always to private renters, never those receiving benefits.
Why would I need to reduce my rent?IveSeenTheLight wrote: »
Thanks, so 30% Housing Benefit recipients rent privately rented property.
Come to think of it, I do know some people who rent private properties and receive benefits.
The question now is, how many privately rented properties are there?
You believe there are about 7 million rented homesThe total number of people receiving Housing Benefit was 4.75 millionAlmost 70 per cent of Housing Benefit recipients were tenants of Social Sector landlords and just over 30 per cent were tenants of Private Sector landlords.
30% of 4.75 million is 1.425 million
http://research.dwp.gov.uk/asd/asd1/stats_summary/stats_summary_aug2010.pdf?x=1
This is also a worthwhile read
http://www.parliament.uk/briefingpapers/commons/lib/research/briefings/snsp-05638.pdf:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Arghh! Its too late in the evening for you to be posting quotes from another thread- I was very confused! I have replied again on what I believe is the original thread....? :huh:IveSeenTheLight wrote: »I've been discussing this on another thread.
Apparently on 30% of Housing Benefit receivers rent from pricate property.
There are apparently 4.75 Housing Benefit recipients, meaning there are 1.425 million private rental properties which "may" be affected.
The government cannot force other properties to reduce their rent.
I've rented out a couple of properties for a number of years now, always to private renters, never those receiving benefits.
Why would I need to reduce my rent? Night! We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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Arghh! Its too late in the evening for you to be posting quotes from another thread- I was very confused! I have replied again on what I believe is the original thread....? :huh: Night!
Sorry, although I did make it clear in my post that the same topic was being discusse don the other thread
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Without any figures you cant really speculate what will happen can you?
I would have thought those who can not afford london rents, will merely move, with replacement tenants paying the same price. ie those without the need for HB
Where are all these prospective tenants living now?...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
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