Jump to content
House Price Crash Forum
Assume The Opposite

Huff Post: Housing Crisis Sees Britons Pay Highest Private Rents In Europe

Recommended Posts

http://www.huffingtonpost.co.uk/2015/06/23/housing-crisis-britons-pay-highest-private-rents-europe-national-housing-federation_n_7644306.html

Property rental prices are a constant source of grief for Britons but a new study has now shown that the UK is actually getting the worst deal in the whole of Europe.

o-RENT-570.jpg?4

Britons get the worst deal in the whole of Europe when it comes to private renting

Rents in the UK are not only the highest in Europe - but also take up the biggest portion of people’s salaries, it has been revealed.

The analysis by the National Housing Federation also revealed that despite sky-high rent, Britons also face the least secure tenancies.

UK renters pay an average of £750 per month, comparing dismally with the European average of £400.

Share this post


Link to post
Share on other sites

If you removed housing benefits contribution to the total private rent receipts, the average would come down to something inline with the other euro countries. Essentially as a working renter your being taxed twice to pay for other peoples rents - once through actual taxation and again through the increase in rent levels that housing benefit causes.

Share this post


Link to post
Share on other sites

If you removed housing benefits contribution to the total private rent receipts, the average would come down to something inline with the other euro countries. Essentially as a working renter your being taxed twice to pay for other peoples rents - once through actual taxation and again through the increase in rent levels that housing benefit causes.

+1

Share this post


Link to post
Share on other sites

Clearly we must have the biggest bestest houses in Europe :rolleyes::lol:

Whats more shocking are the associated costs....our wonderful green belt (/sarc) means that commuting fairly sizeable distances is seen as normal. A £4 or 5k on a years train tickets (+ another couple of granf in parking in many cases) is almost like a second rent. One thing I notice in Germany is while the cities are somewhat cheaper housing cost wise than here, go out even a short distance beyond the city and costs fall away precipitously...this despite a good and cheaper rail service that commuters in England would kill for.

Share this post


Link to post
Share on other sites

If you removed housing benefits contribution to the total private rent receipts, the average would come down to something inline with the other euro countries. Essentially as a working renter your being taxed twice to pay for other peoples rents - once through actual taxation and again through the increase in rent levels that housing benefit causes.

Not twice. Three times over.

First through taxes, some of which are channeled into housing, both in ‘affordable’ and ‘social’ housing, and in housing benefit. Second through rent, which is inflated by having to compete with housing benefit recipients who have no incentive to seek a good deal. And third, if I get rich enough to buy, by prices inflated by all that public money, including not least the inflated yields (rents) for property pimps.

Share this post


Link to post
Share on other sites

We have the highest rents in Europe. We've won! This is something we excel in.

People need to stop talking Britain down. We must do everything to support our hard working landlords.

Edited by Errol

Share this post


Link to post
Share on other sites

Not twice. Three times over.

First through taxes, some of which are channeled into housing, both in ‘affordable’ and ‘social’ housing, and in housing benefit. Second through rent, which is inflated by having to compete with housing benefit recipients who have no incentive to seek a good deal. And third, if I get rich enough to buy, by prices inflated by all that public money, including not least the inflated yields (rents) for property pimps.

Your missing out the epidemic of credit creation in the money supply. The expansion of credit since the 60's tracks the house prices, or vice versa.

The banks are the key element in this and HB, HTB, RTB and GREED have kept this bonfire going.

IMO RTB ramped up the ponzi scheme as logically priced housing kept the market constrained. Nothing the government does is for you. Sadly idiots believed this in the 80's and I'm stuck private renting because of previous actions like this.

Some of my family pay less rent than me and can actually decorate their property in social. I accept that. Others can't and foam at the mouth at social/affordable housing.

If you can get into this ponzi scheme, great. If not pay someone's mortgage and STFU. The bankers love it when you blame your fellow man who's poorer than you.

Share this post


Link to post
Share on other sites

This popped up on the Twitter feed yesterday:

rents_zpsy3andryo.jpg

Interesting to note the differences in rents between Portugal and Greece, two countries with *broadly* similar economies but widely diverging responses to the PIIGS crisis.

(Wonder where Cypress is? Is it a tree house?)

Share this post


Link to post
Share on other sites

Latvia lost 0.3 million of its population between 2010 and 2014. There must be a reason for that.

carelessness

Edited by Steppenpig

Share this post


Link to post
Share on other sites

Rentier-ism gone mad in the UK.



I did a quick calc online for a French family, 1 working getting min. wage (about 1500€ / mo , wife stays at home, 2 kids under 21. Private renters , they could expect about 200€ from the CAF (govt social) for their flat. This makes their rental costs about 400€/mo.


It's a fag packet calc, but gives a rough idea of the sums involved. AFAIK, govt wouldn't pay the major part of a rent in HB, except in dire circumstances. Big difference from the UK which explains the difference in what the LL's / Rent seekers can ask on the "open market".

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   91 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.