Green Web Posted January 21, 2012 Share Posted January 21, 2012 Rents are rising at an unprecedented rate thanks to the lack of supply of socila housing and a mortgage market that's stopping first time buyers getting a loan, my brother in London for example is paying £265 per week for an ex council flat! Just how high can rents go before the revolution? Link to comment Share on other sites More sharing options...
Cyclone Posted January 21, 2012 Share Posted January 21, 2012 not everyone working can afford to buy a house. most people working now cant get a mortgage ( remember the banking fiasco) they wont be lending . Are you sure it's most? Mortgage lending is on the up again, it's more controlled than it was, but most people who can save a deposit can get a 3.5* mortgage. Link to comment Share on other sites More sharing options...
Cyclone Posted January 21, 2012 Share Posted January 21, 2012 Back when rent was less (inflation adjusted) and wages were higher (inflation adjusted). Nowadays, doing so is practically impossible, especially when income is determined by the state. When was this exactly, do you have some figures we can look at. Link to comment Share on other sites More sharing options...
Dingus Posted January 21, 2012 Share Posted January 21, 2012 The rent is set by the government. No it isn't Link to comment Share on other sites More sharing options...
blades89 Posted January 21, 2012 Share Posted January 21, 2012 Rents are fixed by the simple supply and demand. When more people want a product and there is less of that product the price goes up. The price goes up to the highest bidder/who has got the most cash. And as the council have got more spare cash than a worker, they can push up the prices. The only way to drop rents is to drop the amount of benefits that are paid in housing benefits. Link to comment Share on other sites More sharing options...
Dingus Posted January 21, 2012 Share Posted January 21, 2012 Rents are fixed by the simple supply and demand. When more people want a product and there is less of that product the price goes up. The price goes up to the highest bidder/who has got the most cash. And as the council have got more spare cash than a worker, they can push up the prices. The only way to drop rents is to drop the amount of benefits that are paid in housing benefits. And when folk don't pay their council house rent the bill simply comes to the rest of us council tax payers. So the question should be. Would you like me to skive off paying my council house rent and you pay it for me instead? Link to comment Share on other sites More sharing options...
Longcol Posted January 21, 2012 Share Posted January 21, 2012 Council rents have been too low for many years. They need to be raised each year to bring them up to a reasonable level, so council tax paid by property owners isn't subsidising council rents as much as it does now. Correct - which is why rent restructuring was brought in over ten years ago so that after a period of 12 years the cost of renting council property would reflect the cost of providing it. Link to comment Share on other sites More sharing options...
chem1st Posted January 21, 2012 Author Share Posted January 21, 2012 No it isn't https://docs.google.com/viewer?a=v&q=cache:mioUoU5zy5MJ:www.parliament.uk/briefing-papers/SN01090.pdf+rent+increase+with+inflation+rpi+labour&hl=en&gl=uk&pid=bl&srcid=ADGEESjUk7q2HyNSkIZKW2Rtu6aH3ewIPGU6EPj2H2U48PvaG2vHPwrK_coKOoV6GKqStVk9NK9Hkf5Mf53ZnTO-aEEcExUx5X2bsO49X74CaM5z5U40dJjO_zwwtl9z9a9IwYhJk-jZ&sig=AHIEtbTTdRprbvgtidzsoTYD6AlCPJFOww Yes it is. Link to comment Share on other sites More sharing options...
Dingus Posted January 21, 2012 Share Posted January 21, 2012 https://docs.google.com/viewer?a=v&q=cache:mioUoU5zy5MJ:www.parliament.uk/briefing-papers/SN01090.pdf+rent+increase+with+inflation+rpi+labour&hl=en&gl=uk&pid=bl&srcid=ADGEESjUk7q2HyNSkIZKW2Rtu6aH3ewIPGU6EPj2H2U48PvaG2vHPwrK_coKOoV6GKqStVk9NK9Hkf5Mf53ZnTO-aEEcExUx5X2bsO49X74CaM5z5U40dJjO_zwwtl9z9a9IwYhJk-jZ&sig=AHIEtbTTdRprbvgtidzsoTYD6AlCPJFOww Yes it is. Nice link I particularly like this bit.. The Coalition Government has signalled its intention to continue with the current rent setting process with a revised target convergence date of 2015/16. Link to comment Share on other sites More sharing options...
chem1st Posted January 21, 2012 Author Share Posted January 21, 2012 Nice link I particularly like this bit.. The Coalition Government has signalled its intention to continue with the current rent setting process with a revised target convergence date of 2015/16. When A=1, B= 2 and C=3 and the policy is for; A=C to be the norm. A struggles to catch up when A, B and C are increased simultaneously, and as such a great theft is taking place, and apparently without many even noticing that it is occurring little by little, year by year. People are beginning to cotton on, as they realise they are now poverty stricken plebs living in quite pitiful conditions, when but a few years ago they would have been professionals living the lifestyle of common men and women from years ago, and a few decades ago they would be professionals living a bourgeois lifestyle. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.