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Old 12-02-2015, 11:12   #7
tweetiepooh
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Location: Winchester
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Re: April 1st already? Get a free council house for coming off benefits

I remember what my dad tells me that Labour only care about themselves and will do and say whatever it takes to remain in power. And if you disagree they'll call a strike and no-one can work but it's not their fault.

There is a difference between what you can sell a house for and what it costs. Look at your insurance, rebuild value is usually well below sale value. So while it seems that they are giving away a £120k house, all they are really giving is £50k (made up figures). If the recipient sells in those early years the tax is £37k so £13k short, plus reduction in benefits and costs on the property. This assumes no price rises in housing. Current values are 10% (England) so in 3 years the house could be worth in excess of £150k -> £47k tax.
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