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workingpoor

The Great Housing Benefit Scandal Bbc1 8:30Pm

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Seems to be targeting what the BBC regards as dodgy ll's. Probably worth watching but the real scandal of our taxes being pissed away on a benefit for the wealthy will no doubt be skirted over.

Housing benefit is a national disgrace.

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£600-£900 a month to rent a caravan on Canvey Island?!

You can get a decent 3 bedroom house in Cambridge for £950.

Yes, but there is a HOUSING SHORTAGE as they told us more than a couple of times, better lock in that great mortgage deal now or you too could end up sleeping above an open sewer in Camden. Not long now. Come on SNP, bring the doom, BRING THE DOOM!

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Glad to see no-ones pre-judging it!

Hehe, that was pretty funny.

But.. you can't blame 'em really.

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Yes, but there is a HOUSING SHORTAGE as they told us more than a couple of times, better lock in that great mortgage deal now or you too could end up sleeping above an open sewer in Camden. Not long now. Come on SNP, bring the doom, BRING THE DOOM!

Wouldn't this have the effect of persuading NIMBYs not to be, well, NIMBYs?

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The tide is turning.

BTL LL are being lined-up by the TPTB for a good kicking (once they've ditched their property portfolios) in order to placate the masses. There will need to be tax increases after the election and putting the squeeze on LL will be the easiest way.

Coupled with the push towards more house building (once again to placate the masses) this could lead to a perfect storm.

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Even Clegg's getting in on it wanting to double council tax for 2nd home owners in rural beauty spots, plenty of talk about young people priced out.

http://www.bbc.co.uk/news/election-2015-32388036

i saw a programme yesterday afternoon some sort of all party debate where developers land banking sites was the hot topic

Edited by workingpoor

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The tide is turning.

BTL LL are being lined-up by the TPTB for a good kicking (once they've ditched their property portfolios) in order to placate the masses. There will need to be tax increases after the election and putting the squeeze on LL will be the easiest way.

Coupled with the push towards more house building (once again to placate the masses) this could lead to a perfect storm.

And a self righteous hard left wing government disproportionately applying this would be the cherry on the cake. They had their chance for a sensible government to sort this out. Now for the nuclear option. I'm ready.

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And a self righteous hard left wing government disproportionately applying this would be the cherry on the cake. They had their chance for a sensible government to sort this out. Now for the nuclear option. I'm ready.

Indeed. The coalition kicked the can 5 years down the road when they took the keys to no. 10.

Filled the pockets of their backers, the housing barons and builders. Now they stand and wonder why the electorate are shunning them - only 34% in current polls , after they saved us all from Euro Continent-sized unemployment figures.

Well, the poor employed in the UK can't buy a house or rent at a decent price. Their Euro cousins, although out of work, are seeing falling house prices and rents going down. As their economies pick up, the capital they earn might go elsewhere than straight into a LL's pocket. Hopefully.

People point to Spain and say it's growth figures are looking up - sure, they started from a very low base it was harder to drop much lower. But they have had their HPC and it's still ongoing. Longer term, the average Spaniard should be fine. Their country hasn't been swallowed up and dropped into an abyss, depsite the scare articles the UK media ply regulary. Deflating UK house prices in 2010 should have been a priority.

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£600-£900 a month to rent a caravan on Canvey Island?!

You can get a decent 3 bedroom house in Cambridge for £950.

Does anyone seriously believe the market could support this kind of rent level for a sh1tty static caravan in Canvey Island if the whole system wasn't being underpinned by the largesse of the taxpayer vis Housing Benefit?

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Deflating UK house prices in 2010 should have been a priority.

The thing that really gets me about this govt is that the housing market was doing fine when they got in. It was dropping, but not crashing and by now it would probably be where it needs to be - something like 30% lower than today would be my guess, maybe a little more. The Tories wouldn't have got the blame (the GFC and Labour would have taken that), and people could be getting on with their lives. Instead we got HTB and all the other stuff, which some people have put at a 36% boost to prices. All, IMO, in an attempt to engineer a boom and a second term with no long term thought for the economy. Precisely the opposite, in fact, of what Conservative economics are supposed to be about and I really hope it has backfired.

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Does anyone seriously believe the market could support this kind of rent level for a sh1tty static caravan in Canvey Island if the whole system wasn't being underpinned by the largesse of the taxpayer vis Housing Benefit?

Exactly, or the council could take the £2m a year it was paying to rent these caravans and use it to pay the interest on a £50m 4% bond.

Use that £50m to build 1000 new decent homes on agricultural land bought at agricultural prices.

Pay off the £50m by RTB 25% of the houses at market rates over the next 20 years.

Jobs a good un.

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