Thursday, Oct 01, 2009

How much taxpayers' money is spent on lining the pockets of landlords?

Human Rights TV: A Welfare State for Landlords: Who Benefits?

Housing benefit has become a welfare state for landlords to the tune billions of pounds. The belief that the free market in terms of rent would deliver lots of cheap, good quality rented accommodation has now been demonstrated to be false in the UK. The peculiar laws pertaining to Britain have made it a key target for overseas buyers to dabble in the property market. They have entered the UK housing market in considerable numbers, particularly in London. The problems of absentee landlords are well known and analogous to English landlords in Ireland in the 19th century. A large amount of public money is disappearing abroad and into private pockets for little return and no investment in housing stock. [Warning: it's a bit of a long rant]

Posted by drewster @ 12:17 AM (699 views)
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3 Comments

1. mark wadsworth said...

Agreed.

I've been saying this for ages. I don't mind a bit of universal redistribution, I don't mind them building more council housing, what is particularly sickening is HB for private landlords. Council housing is in the medium term far, far cheaper than HB for private tenants.

Thursday, October 1, 2009 11:00AM Report Comment
 

2. stillthinking said...

Spot on. What is unemployment benefit really? More like landlord benefit but they don't pay in to the scheme. If you are unemployed you get 250/month but your landlord will pick up 1000+ to rent out a property that just lost demand. The ranks of unemployed should hammer rent levels but they never do, just shifted to government.

Thursday, October 1, 2009 11:23AM Report Comment
 

3. drewster said...

I thought you'd like this one, Mark :)

Thursday, October 1, 2009 02:42PM Report Comment
 

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