Third of Britain off-limits to lower-income working families due high rents
Rent 'unaffordable' for low-income families in third of UK
A third of Britain is effectively off-limits to lower-income working families because private rents are unaffordable, a new report claims.
It says most of southern England is now beyond the reach of less affluent households.
http://www.bbc.co.uk/news/business-23273448
A terrible state of affairs.
Something has gone drastically wrong.
A third of Britain is effectively off-limits to lower-income working families because private rents are unaffordable, a new report claims.
It says most of southern England is now beyond the reach of less affluent households.
http://www.bbc.co.uk/news/business-23273448
A terrible state of affairs.
Something has gone drastically wrong.
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Comments
How about, we don't build enough houses, while at the same time adding millions of people to our population?
Yep, I was expecting a correction by now, but unfortunately there's no votes in putting people into negative equity.
Yes, wealthy foreigners are buying up huge swathes of our housing stock in the affluent SE, so what do you propose to do?
You could always get a good job, improve your lot and join them or move to a socialist haven like Venezuela.
Or you could look at it the other way, that 2/3 of housing is affordable, etc.
Answers on a postcard - not that you will get any from Lib/Lab/Con who got us into this mess. One third of their MPs are buy to let landlords - do you think they give two hoots about renters.
The highest rents and most overcrowding is in areas of high migration isn't it? So if you want cheaper housing and more stock available - get out of the EU.
Typical. Trying to make it personal.
This isn't about me, it's about a large chunk of the UK, become a no go zone for a large chunk of its population.
I don't think it takes any study to be honest to see that rents/the cost of housing on the whole is now out of reach of many.
One would have to be living on Mars not to see that.
what parts of the UK are a no-go zone for you?
The rent 2 bedroom house, lower quartile rent.
The low income family. Couple with one child low income £22,091 after tax and benefit. (with housing benefit and its effect excluded from the report)
The report first defines affordable as a couple with one child having after housing costs an income of £19,510. To be affordable rent would have to be £2,581 or less. That is rent of £215.08 or less per calender month for a two bedroom house. This results in private rented being affordable in 0% of areas.
The report then defines affordable as under 35% of income going on housing.
To be affordable rent would have to be under £7,731.85. That is rent of less than £644.32 per calender month for a two bedroom house. This results in private rented being affordable in 67% of areas. So giving the one third of Britian off limits to low income families headline.
I'm astounded this wasn't discovered earlier
Indeed.
Odd how the free market gets chucked out the window when it comes to falsely propping up property prices.
The Government fiddling property prices is all wrong.
The use of the term 'No go areas' is alarmist at best - there is nothing stopping a person going to say the bottom end of Regents Street despite the astronomical price of property there. It is in no way a 'No go area'.
Good news for people on limited means who want to move somewhere cheaper.
I can go anywhere I like in the UK and so can everyone else.
I can't live in Knightsbridge because I can't afford it.
I agree with this, nothing is stopping people from training and gaining better jobs. It's not necessarily a bad thing either; my immediate area is all privately owned and that's how I like it, Although the majority of lower earning families are nice, those areas also attract riff raff that I don't wish to be near, it's even safe to leave my car on the drive all night without fear of it getting keyed by some scumbag that plod are too lazy to deal with and saves me getting in trouble putting my foot up their backsides.
Utter classic, Ann!!
Basil Fawlty is alive and well......
Yep, I know it's a shock for the OP(well not really given his posting record), but the fact that rich people can afford to live where they want, and poorer people can't is hardly a modern day occurrence.
Just don't mention the Germans!
If they ever do bring back Spitting Image there's some very good material on this forum for the scripts!
when interest rates return to the post war avg of 6% it will all collapse
Sounds about right plus an increasing divorce rate.
Realistically, we're not going to be closing our borders to the outside world, neither will we be banning or discouraging the sale of property to folk from abroad.
Nope, realistically, the only thing that can be done is mass home-building of the high-rise, high-density type accommodation, which will involve a serious relaxation of planning laws...the kind that will change the London skyline forever.
Regards,
Cypher