Average weekly entitlement
- Public rented £60.09
- Private rented £79.15 x 52/12 = £343 per month(not £500).
The average private rent in the Belfast MPA is around £550 per month. (I imagine its lower outside the BMA). Therefore the average housing benefit is almost 40% lower than the average private sector rent. Whether you agree with the concept of housing benefit is one thing but I for one would not describe it as 'ridiculously high housing benefit'
Look ... a single parent with 2 kids on income support is entitled to receive up to £550 per month rent. If you want to manipulate figures, averages and so on then be my guest.
During the boom years when every Tom, Dick & Harry threw their hat into the investment property ring they typically bought the normal 3 bed semi's & townhouses in the new developments and rented them out privately. These type of properties are typically what Mr & Mrs Average aspire to live in but find that they have to buy at unaffordable levels or pay a rent of £550, which the person next door who doesnt go to work pays nothing for. Life is fair isn't it.
Its funny how the rents for these properties are typically £550 per month ... and guess what ... SURPRISE!! ... the housing benefit will pay £550 per month. How many of these properties are filled with exactly the type of client that I am mentioning??? Loads. Find me a statistic for that to say otherwise.
If housing benefit didn't pay up to £550 then the rents for same would drop ... IMO anyway.
If you dont believe me check out the calculator for yourself.
Edited by tinbin, 24 February 2012 - 11:27 AM.