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but no one in government is going to mind much if there's a new generation of rich landlords.

in that case the limit of housing benefit and rents is a funny way to go about it.  On the plus side it should collapse the BTR market and thus bring house prices back into the reach of the less rich.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jun 3rd, 2011 at 08:05:16 AM EST
[ Parent ]


In an attempt to end the era of heavily subsidised (council house) rents, the Coalition's new system will lead to tenants paying as much as 80 or 90 per cent of the market rate. "This is still about there being affordable rent, but it needs to be more realistic. At the moment, if you get a council house you are really winning the jackpot," said a source. "In terms of the rent you pay it is very, very heavily subsidised. You may pay only a third or a half of the market rate."

And increasing council rents will help push up private rents.

Plentiful council housing is one of the best ways of keeping rents down. But too much of that would annoy "the market."

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Jun 3rd, 2011 at 08:40:06 AM EST
[ Parent ]
Lets see, Council housing has basically not been built since roughly the early 1980's when the Thatcher government ruled to stop councils spending money on the council housing that they sold under the house sales scheme on building new council houses. So those houses  that are not renting at market rates, were constructedd at best at 1970's prices, so don't have the recent price explosions as part of their costs.

 This is nothing more than an attempt to  transfer the cost of local government from taxpayers over to renters

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jun 3rd, 2011 at 09:21:31 AM EST
[ Parent ]


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