Dave selling council houses (Just like Thatcher did)
 

Council tenants offered £75,000 discount in right-to-buy scheme

Dave really is off his head. I swear to God, the man is trying to destroy this country for a reason.

http://www.guardian.co.uk/society/20...ount-right-buy

Re: Dave selling council houses (Just like Thatcher did)
 

Last THROW of the dice we absolute knew it that the false economy tricks to stimulate the country. That the trick would be a housing price boom.

Net result is Dear britain becomes even dearer the country just cant support housing prices escelating.

Surely capping housing prices is needed.

I was listening to the news about this idea. My first impression was MADNESS. We cutting everywhere all over the shop yet going to help people buy a home great idea cameron where the money coming from.

The other why dont he admit he wants ZERO rental why is it such stigma to rent these poor souls going get trapped into houses they cant afford. Bet down road mass repocessions as families, new bread struggle to pay the mortage.

Its fantasy of the conservatives thatchers wet dream coming in new badge. that bit about flats anybody would be pretty much stark raving bonkers to buy multistory flat. Hit with share maintainence for essensials like lifts.

Why cant they just set programme build new houses to drive housing prices down to sensibilty then control the market prices with regulations.

Sell council stock is absolute bonkers how many housing got replaced with thatchers scheme. Its why we got boom in private rental craze and homeless families due to stupid policy like this.

Most these will likely be on incomes which means anyfluctuation in interests will cause issues. Thats not withstanding they wont be able to keep housing in good repair.

Re: Dave selling council houses (Just like Thatcher did)
 

Oh no :rolleyes::nono: not another political thread please Gary.

Re: Dave selling council houses (Just like Thatcher did)
 

Indeed how many times and ways can Gary tell us he does not like Dave :rolleyes:

Re: Dave selling council houses (Just like Thatcher did)
 

Sorry, but politics is what we live and breathe everyday for now.
there was a time when I didn't take much notice of politics. there was a time when a prime minister didn't do anything from one day to the next.

so because Dave is doing at least 2 things a day that has an impact on our lives socially, financially and morally. then inevitably politics will be discussed instead of the usual weather.

Re: Dave selling council houses (Just like Thatcher did)
 

Many people do at least 2 things a day that would impact our lives socially, financially and morally just as much as the Prime Minister so he is no different to them, I don't see you posting about them. Next you will be telling us when he goes to the toilet.


It might be for you but i and many other have a life

Re: Dave selling council houses (Just like Thatcher did)
 

They're not ruling the country.

No I won't. you're just being silly.
I'll tell you when he cuts expenditure in parliament, and when he cuts MPs wages and expenses as a way of helping out the finacial crisis and proving that we're all in this together wasn't just another lie.

I was thinking of buying one of them. but they're just too expensive now.

Re: Dave selling council houses (Just like Thatcher did)
 

Aside from the fact that i am against the right to buy scheme in any incarnation ,the difference between this one and any other is that the money raised will stay with the LA that sold the house and they will have to build a new house for everyone that is sold .At least that's what is supposed to happen in the original idea
http://www.cableforum.co.uk/board/20...obs-homes.html

I also fail to see how encouraging people to buy houses in such a uncertain job market is going to be beneficial to anyone .I foresee lots of problems with people taking out 95% mortgages to buy new build houses ,they can very quickly end up in negative equity which won't be a problem if they keep their current wage level and don't move

Re: Dave selling council houses (Just like Thatcher did)
 

It's not 1 for 1. there's a clause where only if a set amount are sold and I think it's 1 to every 16.
there's a link I saw somewhere.


The house will be bought by those who rent them out at the tax payers expense (housing benefit)
a lot of them will be repossessed by the banks again. due to the buyer not in the position to buy in the first place financially.

Re: Dave selling council houses (Just like Thatcher did)
 

The chances of Right to Buy causing house price inflation is ludicrous. For a start the Right to Buy purchaser is normally required to stay in that property for a number of years after purchase. Theoretically there are also advantages to a local authority, that is cash strapped, because they are no longer responsible for maintenance of the property, whcih the rentals never really covered because of the way rent was collected and reallocated. The downside though is many of the right to buyers didn't understand mortgages and their new responsibilities and some of those risk getting reposessed and put bakc into the local authorities housing need.

The biggest issue for most areas is not right to buy, but there are an inadequate number of properties being built, of the right type. There have been all sorts of "affordable" housing measures" but rarely to these provide a good number of family sized homes. Most are one and two bedroom flats rather than three and four bed houses. Most affordable housing is still private, being sold on discount mortage and related schemes, which aren't suited for those in unstable employment circumstances. A right to buy thus needs to be matched by a proper local authority / housing association build programme.

Oh and is some price inflation in the private housing sector a bad thing? I'm not saying the rampant rises we saw in the midst of the last decade before the 2007 slump, or even that whcih we saw in the late 1980s. But without some price growth, given the costs of selling and buying a house with agent's fees, stamp duty, solicitors, mortgage fees, etc, unless the price is going up people loose too much money. We now have a situation where the private home owner in many areas simply cannot afford to move as they can't afford the expense, so even if they want to move for a job, they are stuck.

Re: Dave selling council houses (Just like Thatcher did)
 

Wasn't the root cause of all the world's financial problems caused by giving loans to people who couldn't afford to keep up the payments?

The way things are now, I'd hate to get into a financial arrangement of any sort that relied 100% on my job and income still being there tomorrow.

Re: Dave selling council houses (Just like Thatcher did)
 

exactly :tu:

Re: Dave selling council houses (Just like Thatcher did)
 

absolute spot on.

Rob the original right to buy did cause housing boom. Not imediately but further down the line houses went throught the roof. Economist wrote last year the dangers of the policy.

http://www.economicvoice.com/cameron...ubble/50025884

another shows history of rental to ownership how it right to buy caised the housing boom.

http://www.bbc.co.uk/news/uk-14380936

There is some very good articles doted around about housing issue.

To articles here below one about the rental issue on private rental boom.

http://www.insidehousing.co.uk/home/...n/6520212.blog

This below supporting the policy why it has to work.

http://www.guardian.co.uk/commentisf...win-win-policy

Then this about general housing interesting read.

http://www.thisismoney.co.uk/money/m...edictions.html

another good article about why council housing failing

http://www.ukhousingpolicy.com/

Now the way I see it they trying to get 100% home ownership but cant ever see how people in certain situations can ever own a home. The other surely Rental is a right of choice. One these articles talks about getting those who can afford a home out rental market.

Dangerous road coalition treading fear what wll happen 15 years time. Money market predict 15% increase can the country cope with that.

Re: Dave selling council houses (Just like Thatcher did)
 

We're stuck in a bit of a spiral at the moment:

Building material factories have closed down because

Builders can't build houses because

Banks won't provide mortgages because

Employers are laying off staff making them bad risks for loans of any kinds so

Joe Public is not buying housing whilst they risk redundancy so

Back to the top

Re: Dave selling council houses (Just like Thatcher did)
 

Why on earth is the government selling council homes a below-market place at times of cuts?

Re: Dave selling council houses (Just like Thatcher did)
 

I give in ,why?

would it be because they are part of a social and economic system that has failed perchance ?

Re: Dave selling council houses (Just like Thatcher did)
 

Oh Noes! Not the failed social and political system!

Re: Dave selling council houses (Just like Thatcher did)
 

Because these schemes, like part buy part rent, create inflation in the housing market so their hope is that they will make the money back through the house market.

Re: Dave selling council houses (Just like Thatcher did)
 

If this goes through, I would save up and buy this dive and then let it out to people at sky high prices and then sell it off after a few years. Quick buck for me!

Re: Dave selling council houses (Just like Thatcher did)
 

I am a bit confused, i'v lived in this council house since birth and i am currently paying rent (since 18), would the council know that i have lived here for so long?

Re: Dave selling council houses (Just like Thatcher did)
 

Yes they would however is your name on the tennancy?

Also, they are able to do security checks on you anyway just like a credit check, that is to stop fraud like to see if you own any property, as it is certainly against the terms of your tenancy to own a property whilst being in a council property.

Re: Dave selling council houses (Just like Thatcher did)
 

See i get a bit confused, i pay rent because im a non dependent, when we get a letter from the council concerning rent payments and other things they are addressed in my step mums name and not mine, i would love love love to buy this house in the future.

Re: Dave selling council houses (Just like Thatcher did)
 

I tried to get our twins named on the rent agreement as they now pay part of the rent as non-dependants (but they shouldn't as they receive ESA "Income Related" but the council is adamant that they should whilst the DWP says they shouldn't).

If the tenancy was transferred to them, there would be no rent to pay as THEY are disabled and we would be non-dependants with nothing to pay as WE receive IS. A complicated rule that will no doubt be more complicated with UC.

By the way, the council told me that deductions for non-dependants are rising by around 50% from April 1st!!!

Re: Dave selling council houses (Just like Thatcher did)
 

I think that the government needs to rethink this plan

Re: Dave selling council houses (Just like Thatcher did)
 

the problem is controls the finances if the council then they will filter X or all to ofset cuts . Lets not forget we only seeing round one of those cuts.

The other is value if you reduce the stock value so its nice number to entice a person who renting thus can afford to buy. How many homes can you build with labour/materials.

You realistically cant drop the value too low it destroys the income to rebuild enough houses not forgeting we already despare situation.

If we cant build 1 sold 5 new built ratio we in trouble. My fear though is the future creating market boom last thing we need right now. Also we pushing ourselves again fear people who clearly not in position to get mortage its boom or bust scenerio. Crazy have 95% mortage absolute nuts insane leaves no room for flexibilty in income/mortage rates.

They should make it law no more than 50% of income from starting a mortage. Might just smash the housing market back to reality.

Re: Dave selling council houses (Just like Thatcher did)
 

On the face of it it's not a bad idea ,it's only when you start thinking about it that the holes in the plan start to appear .If the LA's will be relying on income raised to build new homes then we won't see any new investment for some years because they will want to be building small estates not the odd house here and there ,so to make that viable they would need to build 20-30 houses minimum which will mean that perhaps 30-40 houses must be sold to raise that money .Land may also be an issue in some LA's it all depends on how much of the land freed up from previous demolitions has been sold off or already re-developed

Re: Dave selling council houses (Just like Thatcher did)
 

It used to be £10.18 rising to £12.40 for council tenants.
£9.40 rising to £11.45 for private.

the average rise for a working non dependant is around £10 a week. which is quite a bit.

Aged 18 or over and in paid work:
Gross weekly income of £394 or more: £60.60 to £73.85
Gross weekly income of between £316 and £393.99: £55.20 to £67.25
Gross weekly income of between £238 and £315.99: £48.45 to £59.05
Gross weekly income of between £183 and £237.99: £29.60 to £36.10
Gross weekly income of between £124 and £182.99: £21.55 to £26.25
Gross weekly income of less than £122: £9.40 to £11.45

Re: Dave selling council houses (Just like Thatcher did)
 

Make sure you do something, as if she passes away, they will claim that the property is under occupied and will try to get you out, the will of course look into moving you into a smaller property, most councils operate under a points bidding system, this is exactly what happened to me.

Re: Dave selling council houses (Just like Thatcher did)
 

Wouldn't they do that anyway. regardless of whether his name's on the tenancy?
I'd assume he's been living there long enough to count for something anyway.

Re: Dave selling council houses (Just like Thatcher did)
 

many councils have stopped the automatic right for children of deceased tenants to take over the tenancy .It happened quite a lot that 1 person would end up living in a big 3 bed house after his/her parents had died which goes against most councils housing policies

Re: Dave selling council houses (Just like Thatcher did)
 

I don't think they've actually stopped the succession. it's just that succession can only happen once. and even then they can apply to the courts for the house due to under occupancy. as long as they offer a suitable property in return for it.

Re: Dave selling council houses (Just like Thatcher did)
 

AFAIK, it became very popular for offspring, who had left the family home years before, to pass money to their often pensioner parent(s) to enable them to buy the council house under RTB, knowing they would inherit it later.

Re: Dave selling council houses (Just like Thatcher did)
 

yep ,used to happen a lot

Re: Dave selling council houses (Just like Thatcher did)
 

could'nt this be used as way to get a tax break.

To be fair dont think it should be absolute that tenancy cant be passed on. I think if the relatives lived in the home with the tenant holder last 5 to 6 years. If it was passed down it will be under ocupied then council should be forced to find suitable alternative accomodation. Should not under trying times for family to make those homeless. I would argue too there should be short reprieve.

Re: Dave selling council houses (Just like Thatcher did)
 

:rofl::rofl: