market rents budget

AdrianC

vsoe57 wrote: »

Shame thats as far as you can see

Sounds like your beef isn't with this policy, but with the property market as a whole.

Well, I'm very sorry about that. But continuing to shelter you from the reality won't help you one bit, nor will it make the slightest bit of difference. You CHOSE to live in one of the most expensive cities in the world. Your income makes it eminently possible for you to have a good choice of very pleasant accomodation. Why SHOULD the taxpayer continue to help you out, when you don't actually need their help?

Pixie5740

vsoe57 wrote: »

Shame thats as far as you can see

No, it's a shame you can't appreciate how good you've got it and how good you've had it for years, even with a rent increase compared with many others.

leveller2911

Cheeky_Monkey wrote: »

Boo hoo

Why should your rent continue to be massively subsidised when you are earning good money. Afterall, if you weren't a higher rate tax payer you wouldn't be in this position.

I don't disagree with you but IMO London should not be treated as a special case.

Why should people be able to earn £10k more inside London than anyone else that lives in a high rent area such as the South East. The new rules appear to be £30k income outside London and £40k inside London.

Seems to me the Twittering London dinner set are looking after their own and f*ck the rest of the country.No changer there then..;)

Cheeky_Monkey

AdrianC wrote: »

Point of order... Somebody earning £40k isn't necessarily a higher-rate tax payer - only if they have £2,400 or more deducted from their personal allowance. Two people each earning £20k definitely aren't - less than half of their income is subject to any income tax, so their personal tax rate is <10%.

Point of order accepted. However, according to previous posts by the OP, they are indeed a higher rate tax payer. I did actually check that before I posted :beer:

AdrianC

leveller2911 wrote: »

...but IMO London should not be treated as a special case.

Why should people be able to earn £10k more inside London than anyone else that lives in a high rent area such as the South East. The new rules appear to be £30k income outside London and £40k inside London.

And there you get into a whole extra can of worms. Cost of living in the London orbit is near-on London, but pay often isn't. "The Living Wage" is London/non-London. "London weighting" on salaries. etc etc etc.

Short of getting seriously granular, though, how to solve it? Or do people doing the essential lower-paid jobs in London just get shafted for it?

AdrianC

Cheeky_Monkey wrote: »

Point of order accepted. However, according to previous posts by the OP, they are indeed a higher rate tax payer. I did actually check that before I posted

So as for the OP's whole "two people earning £20k each" - in which he does, actually, have a fair point. That's below average full-time income for the country as a whole...

Thrugelmir

vsoe57 wrote: »

So we have to move do we due to government greed this was not a subsidy more like what everyone should be paying if the uk market was not so greedy look at Germany we pay about double for somewhere to live not luxury as stated to old for mortgage put yourself in someone elses shoes and see if you woud be a happy bunny .

Nothing to do with Government greed. Just Government debt. Well to be precise the welfare bill that the UK is committed to.

Innys1

AdrianC wrote: »

So as for the OP's whole "two people earning £20k each" - in which he does, actually, have a fair point. That's below average full-time income for the country as a whole...

Which is precisely the reason I've said they should live somewhere more affordable.

I'd quite like to rent in Knightsbridge but, guess what, I can't afford it. Maybe I should start a thread whinging about how hard done by I have been by the Govt.

Cheeky_Monkey

OP - once the new rules come into force, you won't have any choice but to pay the extra rent so you might as well quit whining.

Actually, you do have a choice. You could always relinquish your Council/HA property and move further out of London to somewhere cheaper where you could comfortably afford to rent a nicer place in a nicer location privately.

That way, your property could be given to someone who actually needs it.

Win - Win :j

orcocan

if you post your monthly budget here stating where you spend your money I'm sure we can give you good advice on which expenses you can cut to afford your new rent

you can't expect the taxpayer to subsidise your lifestyle indefinitely, you should consider yourself lucky for what you've enjoyed so far, which most people in this country have never had