The projected average increase in council tax is 3.5% and the government cap is 5% The council's revenue is significantly down. Draft budgets will have already been prepared. What cuts are on the way?
> And the animals looked at Flapjack, then looked at Ted Max and saw they had become one and the same. Who could not love him, but I don't do cradle-snatching.
> ?100 per week for a 3 bed hse with front and back gardens and a garage Sounds about right after the current downward correction in private rents bottoms out. I'm not sure how many of East Dulwich's borrow-to-let landlords could continue to subsidise their tenants with a rental of ?435 pcm for a three bedroom house. Valuing such a house on rental yield gives a valuation of c?65k. Pre-1939 value in real terms.
Before it dies... Pre-1939 you could buy a 3/4 bedroom semi in East Dulwich for roughly twice the annual salary of a junior office manager. I don't know if there are analogous jobs these days. In those days it would have been one running an office of ten supervisors and 100 clerks. At present prices I guess that would be equivalent to an annual salary of ?35k-?50k. The assumption that average house prices will bottom out at an historial average of 3.5 times salary is spurious.