Quote:
Originally Posted by nomadking
Housing associations are financed by central government and recycling rent money.
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Housing associations are also financed through borrowing. Borrowing is their main source of funding for building new properties.
Of course they're forced to sell properties off at substantial discounts with, contrary to government claims, a replacement rate on right to buy of about 1 to 7 rather than 1 to 1 but that's a different story.
Here's hoping it doesn't go the same way the private sector has, with family homes in tremendously short supply because developers went crazy building small flats. Due to high cost of land that was the way to get the most profit.
I'm not convinced, in any event, that we should use the private rented sector as any measure of what is fair. Our PRS is a disaster by any sensible measure.
---------- Post added at 14:36 ---------- Previous post was at 14:31 ----------
Quote:
Originally Posted by martyh
Exactly , this policy may actually focus some LA's and HA's in managing the stock a bit more efficiently
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Perhaps another good way of assisting with management of stock would be to stop forcing social housing providers to sell stock into the private sector on substantial discounts.
Over 1/3rd of all right to buy has found its way into the private rented sector.
I entirely agree the social housing providers could do better with their stock, I'm merely of the opinion that enabling them to build more would be a far better way to both improve the availability of social housing and reduce the housing benefit bill.
EDIT: All this said, as we're talking about fairness perhaps you guys could enlighten me on why this only affects people of working age?