Debate House Prices


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Housing benefit to private landlords

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Comments

  • System
    System Posts: 178,353 Community Admin
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    I think they will either use helicopter money for FTB deposits or slowly remove 5% deposit mortgages, increase supply slightly and bring in more LL changes to cause some of them to sell.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,353 Community Admin
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    Bloomberg Report this week - British house buyers dance with the devil.

    "as long as the music is playing [in terms of liquidity], you've got to get up and dance"
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  • ukcarper
    ukcarper Posts: 17,337 Forumite
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    Read some of BoE's minutes & reports or books by central bankers.
    So you think the primary reason for low interest rates and QE is to protect housing market.
  • Thrugelmir wrote: »
    No direct money. Totally the reverse. The air is being very slowly engineered out of the balloon.

    2008-2010 was arguably a model example of how to achieve a soft landing. 1988-1990 was the opposite.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    I think they will either use helicopter money for FTB deposits or slowly remove 5% deposit mortgages, increase supply slightly and bring in more LL changes to cause some of them to sell.

    ...the FTB said hopefully.
  • System
    System Posts: 178,353 Community Admin
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    Wotsthat - this is a discussion says not a FTB said hopefully. We are having a debate....
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  • Wotsthat - this is a discussion says not a FTB said hopefully. We are having a debate....
    ...said the FTB, talking his book.
  • System
    System Posts: 178,353 Community Admin
    10,000 Posts Photogenic Name Dropper
    Westernpromise strange person
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Electrum
    Electrum Posts: 218 Forumite
    mwpt wrote: »
    http://www.cityam.com/247918/housing-benefit-paid-private-landlords-has-doubled-93bn



    I would prefer it if we tried a free market approach. There is no need for housing benefit. Let people move to where they can afford. If business can't afford to hire staff in a particular location, let them pay more or move to a cheaper location. Or let rent prices drop.

    Housing benefit rates are around £1500 for a three bedroom property in Outer South West London.

    If housing benefit were to stop tomorrow then rents would fall over 50% in London and STILL all min wage jobs would have to double their rate of pay.

    Lets face it, housing benefit has caused the bubble.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Electrum wrote: »
    STILL all min wage jobs would have to double their rate of pay.

    Which is a total non starter. As the jobs would simply disappear.
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