Tuesday, February 10, 2009

Financial advantage of Council housing

Councils pay removal costs for tenants to move to the seaside

This article is a bit boring about Brent council attempting to move tenants to the seaside, but there are a slew of articles about councils attempting to dislodge tenants due to a shortage of supply against rapidly growing waiting lists. Everybody knows, at least those poverty struck like me, that getting subsidised council accomodation is a financial godsend, but how much of a godsend? Slowly there appears to be a -market value- being negotiated for council housing in the different areas. I hope that social housing can be seen for the distorting financial stipend it actually is.

Posted by stillthinking @ 12:28 PM (620 views)
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2 thoughts on “Financial advantage of Council housing

  • Missingteddybear says:

    I have a council flat in London which I was allocated when I suffered an unexpected stroke at a very young age and I had limited income as a result. It was a godsend because I couldn’t afford to rent in the private sector and my medical condition meant a house-share wasn’t an option.

    My rent is £89 per week incl. heating, hot water and water rates) and a similar property in the private sector would be £220 per week excl bills (Zone 1 near Borough/ London Bridge) . So I save over £131 pw or >£6812 per year. Even the 30k bribes seem paltry when you consider that in just 5 years the saving is over £34k in today’s money. Even though I am back at work now, I would not relinquish my tenancy because as well as the saving, I have the security of a permanent tenancy should my medical condition worsen leaving me unable to work again in future.

    My concern with schemes like this is that vulnerable people who do not understand the implications of surrendering a tenancy may do so because they have large debts (since unscrupulous companies were giving credit cards etc. to welfare dependant people) or perhaps because the temptation of a spending spree is just too much to resist.

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  • Economicvoicedotcom says:

    Good post stillthinking. The slow ghettoisation of the poor and vulnerable. The rich and / or powerful should be forced to rub shoulders with the poor every day so as to remind them that poverty is alive and well.

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