Lucy Tiller
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lucytiller.bsky.social
Lucy Tiller
@lucytiller.bsky.social
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lucytiller.bsky.social
On rent inflation: this nugget from Indigo House's Rent Better project is an underdiscussed phenomenon. Many renters pay a huge % of income on housing costs, but still don't call it unaffordable. Prohibitively high rents are so normalised that renters do not even recognise them as unaffordable
Screenshot of text from Rent Better Wave III (Indigo House). It reads: 'In relation to affordability, only around one in ten tenants said that they found their rent difficult to afford, but at the same time over a quarter said they paid more than 40% of their net income on housing costs. Interviews with tenants explored the apparent disconnect between the high amount tenants are paying on private lets relative to their income, and their perception of affordability as set out in the survey findings. This showed that while many tenants were struggling financially there appears to be a separation between tenants’ perception of their ability to manage financially, and rent affordability. Rent affordability is generally assessed by tenants comparatively to other local rent levels, with judgements made...'
November 20, 2024 at 3:59 PM