Monday, November 9, 2009
Â£17bn, the true cost of house inflation
This article contains something of a non-sequitor since house prices and rents are not always in synch. I agree that the housing bubble needs deflating but surely the housing benefit problem is a separate issue? Perhaps housing benefit should be capped at the average rent for a 4-bedroom house in the UK (averaged over the whole country) so that claimants will have to switch "to a much cheaper and less convenient area" as the article points out most people have to.