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Debate House Prices


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Help to Buy is not causing a housing bubble

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Comments

  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    edited 20 February 2014 at 2:43PM
    JencParker wrote: »
    So you started out on a low salary? Not all jobs have prospects or are a stepping stone up the ladder. Some jobs will always be low paid. You expect them to move out and pay thousands in commuting to their minimum wage jobs? Or perhaps you think London doesn't need any cleaners etc.

    Where do London cleaners currently live?
    Supermarkets in Central London seem to be staffed also. Somehow people cope.
    Don't blame me, I voted Remain.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    mayonnaise wrote: »
    Where do London cleaners currently live?
    Supermarkets in Central London seem to be staffed also. Somehow people cope.



    They probably claim LHA perhaps the ans is for the supermarkets to pay a living wage and people in London to pay the real cost of providing their services
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    ukcarper wrote: »
    They probably claim LHA perhaps the ans is for the supermarkets to pay a living wage and people in London to pay the real cost of providing their services

    I'm confused why supermarkets should pay their employees more because the elected government has encouraged massive inward immigration, restricted house building and caused rents to rise by paying silly levels of housing benefit.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CLAPTON wrote: »
    I'm confused why supermarkets should pay their employees more because the elected government has encouraged massive inward immigration, restricted house building and caused rents to rise by paying silly levels of housing benefit.





    Because their wages are being subsidised by the tax payer
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    edited 20 February 2014 at 4:38PM
    ukcarper wrote: »
    Because their wages are being subsidised by the tax payer

    their wages are not being subsidised by the tax payer.

    our elected government has forced the price of house up by paying silly amounts of HB, by restricting the supply of new housing, by allowing until occupancy of social housing, by a mad tax credit system that discourages full time working etc

    what has that got to do with supermarkets?
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CLAPTON wrote: »
    their wages are not being subsidised by the tax payer.

    our elected government has forced the price of house up by paying silly amounts of HB, by restricting the supply of new housing, by allowing until occupancy of social housing, by a mad tax credit system that discourages full time working etc

    what has that got to do with supermarkets?





    What would happen if no LHA was paid in London you seem to think that prices can be forced down to a level where people on low earnings could buy or at least rent without LHA I don't think that is the case.
  • CLAPTON wrote: »
    their wages are not being subsidised by the tax payer.

    our elected government has forced the price of house up by paying silly amounts of HB, by restricting the supply of new housing, by allowing until occupancy of social housing, by a mad tax credit system that discourages full time working etc

    what has that got to do with supermarkets?

    Working Tax Credit subsidises low paid workers who are not earning a living wage. Therefore, they are being subsidised by the tax payer.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    JencParker wrote: »
    Working Tax Credit subsidises low paid workers who are not earning a living wage. Therefore, they are being subsidised by the tax payer.



    indeed so, people who choose not to work or choose to only work part time are all subsidised by other people who do work.

    tax credit are an un-necessary recent invention which have caused a lot of harm to the people receiving them and their children; in the same way that housing benefit has distorted the housing market, cause prices to rise for everyone without significantly encouraging new building

    what has that got to do with supermarkets?
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    ukcarper wrote: »
    What would happen if no LHA was paid in London you seem to think that prices can be forced down to a level where people on low earnings could buy or at least rent without LHA I don't think that is the case.

    LHA was massively increased after 1997: even before that the system was broken.

    LHA doesn't significantly increase the housing stock, just the amount of money the taxpayer gives to landlords.

    if there was no housing benefit who would occupy the houses currently filled with people on HB?
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CLAPTON wrote: »
    LHA was massively increased after 1997: even before that the system was broken.

    LHA doesn't significantly increase the housing stock, just the amount of money the taxpayer gives to landlords.

    if there was no housing benefit who would occupy the houses currently filled with people on HB?[/QUOTE


    People who commute people who currently share.
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