Families now spend HALF their monthly income on rent

Leon Watson
Daily Mail

October 20, 2011

Hard-up families are spending more renting their home than ever before, it has been revealed.

Figures released today show nearly half the average British family’s monthly income goes on renting their home.

The average rent has risen to £890 a month – 46 per cent of the typical tenant’s net income.

In London, rent accounts for more than three-quarters of average earnings. Landlords in the capital charge an average of £2,075 per month, while the typical household brings in £2,721 in net monthly income.

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5 Responses to “Families now spend HALF their monthly income on rent”

  1. It dosent mater what country u live in everyone is geting screwed..where is the real news?

    • UPDATE;
      AFTER HEARING SOME CALLERS RESPOND TO THIS IDEA, AND ALEX’S REPORT THAT POLICE WERE INTERFERING WITH SHEEPEOPLE WHO TRY TO CLOSE THEIR ACCOUNTS MUST UNDERSTAND THAT ALL YOU NEED TO DO IS FIND THE CREDIT UNION OR COMMUNITY BANK YOU LIKE AND “GO INSIDE AND TELL THEM YOU WANT TO TRANSFER YOUR ACCOUNT AND “THEY” WILL DO ALL THE WORK! “YOU DO NOT HAVE TO GO TO YOUR BIG BOY BANK EVER AGAIN” !!
      FOR THOSE OF YOU THAT SEE THIS IDEA WE WILL TRY AGAIN;

      Hello,

      After watching all the chickens with their heads cut off running around Wall St. and other venues we came up with this sure fire way to peacefully fight back if the gutless.spineless sheepeople will take 30 minutes out of their day to do this! I know, allot to ask right :-}

      Anyway here goes; Anyone who has an account with the following; BANK OF AMERICA,WELLS FARGO,CHASE,CITI BANK,OR ANY OTHER BIG BANK,

      Transfer their accounts to a local Credit Union, or local Community Bank in their town. In fact all CREDIT UNIONS and LOCAL COMMUNITY BANKS will handle the transfer for you, and in some cases offer you certain incentives for doing so. You don’t even need to return to your BIG BOY BANK to do this, and it will only take no more than 30 minutes.

      People seem to have plenty of time camping out on the street, BUT NOTHING IS BEING ACCOMPLISHED! do something that will effect the BIG BOY BANKS BOTTOM LINE NOW,TODAY!

      This idea must get out there. Make it a fun thing to do, have people who transfer their accounts join a list that other people can see, make it the cool thing to do, create a contest for the most people signed up on the “I FOUGHT BACK LIST” ETC.

      I think you get the basic idea, but anyway you do it, DO IT! We must start to actually FIGHT BACK with tangible weapons instead of SHEEPEOPLE RUNNING AROUND LIKE ACID HEADS AT A ROCK CONCERT!

      Can you imagine this catching on; I can see it now Millions of people transferring their accounts in a matter of weeks! A Glorious sight don’t you think?
      So witch one of you FREEDOM FIGHTERS WILL HELP US GET THIS OFF THE GROUND? We need a venue of power that can help sponsor this movement, or Hell you guys can have all the credit if you need it, BUT THIS MUST GET OFF THE GROUND IN INTO REALITY!

      Do you understand the benefits for infowars,Alex Jones, and most of all……………. the PEOPLE OF THE REPUBLIC?

      THIS WILL WORK IF WE PUT OUR HEADS TOGETHER AND “FIGHT BACK”

      PS: Please reply with your thoughts :-}

      Thanks and God Bless
      The Crew
      Reply

  2. I giggled off my seat when I saw this. Try 85% of average income! After £1.40/liter petrol and food prices going through the roof, many people I know in Britain are struggling to have three meals per day.

    All the while, we are committed to contributing 4.5% of any IMF bailout and the government uses our money to prop up the housing market, when the free market forces want it to collapse. Even parents now are in despair because their expensive houses are stopping their children get onto the property ladder.

    To make things worse, Britain has just implemented a Community Infrastructure Levy. House builders must now pay up to £30,000 tax per house built to fund infrastructure, and that is before their requirements to sometimes have 50% of the houses they build be subsidized for social housing. The big mega-builders however, are exempt and can negotiate out of the levy on large town extensions and on big new suburbs. As a result, all the small family builders are going out of business. And note, this levy pays for what was once covered by general taxation, but that is now all stolen to pay for wars and bailouts.

    The Country has been asset stripped, and they are now squeezing the last juice of productivity and wealth from the last few remaining independent non-slaves.

    But Brits are so brainwashed that they cling to the system, forgetting that we built an empire without income tax and with the government being less than 10% of the economy. And we could do that again if we revert to sound money (that will work if gold prices are pegged at the right price), repudiate the debt that cannot be paid, and slash taxes down to the bone. Also, privatize all the industries currently run by government. We do not need local authorities collecting our bins, we could afford toll roads if petrol and road tax were slashed. And you can privatize equitably by simply handing shares to the public. Those who don’t want shares can have their shares auctioned on the stock exchange and have cash instead. That way, the assets would not end up in the hands of Rothchilds, et al. This can be done to local roads by handing roads to the people in a village or a suburb, or by handing roads to the shops and flats in a city centre. Like, we also don’t need government providing health and safety in commerce, food, etc. that can be outsourced to private firms that meet minimum requirements.

    Lets get on with restoring our economy and getting that critter government off our back. They do not know how to allocate capital because there is no pricing mechanism to do that in Socialism.

    Webster Tarpleys solution of trillions in interest free bonds is wrong because it ignores that capital would be better allocated by the general public if simply returned to them in the form of tax breaks. Yes, we need some bonds to maintain existing assets, but govermment should not be allowed to undertake any new projects until it has demonstrated that it can maintain its existing assets. No maglev trains when the branch lines are crumbling apart!! We still have some mainlines in the UK that are single-track with no electrification, and they want high speed rail! Government can never get its priorities right.

  3. How’s that socialism working out for ya?

    • I DONT KNOW BATTLE HYMN? Isnt that what we have here? OH NO we just have reverse facism with the same masters as those socialists. They don’t get to pick over in Europe and we get illusions here. I am struggling to pay rent which is 45% of my income in SOUTHERN ILLINOIS not new york, I live between corn fields man! ONE BEDROOM APARTMENT! Two paychecks a month go to rent, luckily I am young and can scrounge for food, and can get unwanted deer at the lodge in the 2 week long periods people are allowed to hunt the overpopulated deer in ILLINOIS. If it wasn’t for greedy head hunting rich men, I wouldn’t be able even to get enough deer to eat for a year. Blah, if we could own our land this wouldnt behappening. If there wasn’t inifinite fiatt money to buy the politicians…. They are the same as us, stupid and lazy.

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