Poor slightly priced out! Today's Groaner

michaels

According to the BBC it is 250 for a one bed flat and 290 for a 2 bed ... may be the 30th percentile is more of a restriction?

thescouselander wrote: »

Is it me or are the allowances still remarkably generous?




Now I can imagine how this could be a problem in London but for most this sort of rate should be more than enough. I cant see what the problem is.

robmatic

thescouselander wrote: »

Is it me or are the allowances still remarkably generous?

Now I can imagine how this could be a problem in London but for most this sort of rate should be more than enough. I cant see what the problem is.

No, they're still remarkably generous. £250pw for a 2 bed would get you something right at the top end of the rental market here in Edinburgh.

It also equates to a working person spending £18500 of their gross salary purely on rent.

thescouselander

robmatic wrote: »

No, they're still remarkably generous. £250pw for a 2 bed would get you something right at the top end of the rental market here in Edinburgh.

It also equates to a working person spending £18500 of their gross salary purely on rent.

Indeed, that sort of money could get you a nice place - it's certainly enough to get a nice flat in Clifton which is one of the poshest areas round here (Bristol).

drc

Richard Littlejohn writing for The Guardian.

LydiaJ

HAMISH_MCTAVISH wrote: »

The thing is though, outside of a very few properties in central London, the difference between the 30th percentile rent and the 50th percentile rent is just not that big at all.

£11 a week on average.

This will have very little impact to the wider market. It's already been in place for new claimants since early last year, and rents rose to new record highs regardless.

Hamish, I'm not claiming to know what the effect will be, or how significant or otherwise it will be. I haven't got enough information or expertise to pronounce on that. I believe, however, that a policy change can't have a big effect on pushing tenants into homelessness (in the way the Grauniad article envisages) without also having an effect on the dynamics of the rental market. It might have very little effect on either (like the cap on LHA for new tenants), or it might affect both.

What got to me was the way the article kept saying that because of the cap and change to 30th centile "there won't be enough houses", which is why I said it made it sound as though houses above the cap would cease to exist.

drc

thescouselander wrote: »

Is it me or are the allowances still remarkably generous?




Now I can imagine how this could be a problem in London but for most this sort of rate should be more than enough. I cant see what the problem is.

Indeed and especially generous when it basically free money to have your rent paid.

Thrugelmir

thescouselander wrote: »

Is it me or are the allowances still remarkably generous?

Costs the taxpayer £20bn a year.

Derivative

Just seen a bloke renting in Maida Vale apparently being paid £1k/week housing benefit. On the BBC.

Let's see, starting graduate salary £40k in Central London.. hang on.. something doesn't quite add up here...

drc

Weird that The Guardian, a socialist/leftist paper, advocates continuing to give money to rich landlords through the housing benefit system and propping up the housing bubble, which keeps all of those poor people that concern them so much dependent on the teat of the state and unable to own/rent a property at a reasonable price

StevieJ

Road_Hog wrote: »

Falling sales.



Falling revenue.


Despite their restructuring, they're going down the pan and have been for a few years. It hasn't helped that NuLabour are not there to advertise all public sector jobs in their rag, which will continue to hit revenue.

I wonder if they will re-locate to Manchester to save money

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