I think the state of the country just shows what inept and incompetent government we have had over the last 50 years, whatever the colour of their ties.
Old Conservatives don't understand
- Thread starter JohnD
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D
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Ministers plan to push cash-strapped English councils to sell assets
Exclusive: Critics warn of a ‘fire sale’ of public assets under plans being explored by Levelling Up Department
www.theguardian.com
More assets to be sold.
It just proves councils can’t run a tap.
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I don't know of houses being sold outside of RTB.
On commercials, I know that some are loss making with charities as tenants who are on a peppercorn rent (within HA's.). And I know of some that have been sold off because they have never generated a profit. So, no, I don't agree that just because they are commercial they generate more profit.
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No, your last two links show they are skint and looking for money by selling off assets (not housing).
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Deleted member 221031
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Deleted member 221031
You wouldn’t do though, then you’d have to agree work me!
Commercial property yields outpacing their residential rivals
New research that analysed the performance across both the residential and commercial property markets to see how the two are currently comparing, has found that commercial property is providing stronger yields - particularly in the North East.
www.propertyreporter.co.uk
There’s a lot more articles out there too!
Which goes to prove the council cant run a property business!!
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Councils shouldnt be running business, they should be running councils.You wouldn’t do though, then you’d have to agree work me!
Commercial property yields outpacing their residential rivals
New research that analysed the performance across both the residential and commercial property markets to see how the two are currently comparing, has found that commercial property is providing stronger yields - particularly in the North East.
There’s a lot more articles out there too!
Which goes to prove the council cant run a property business!!
Renting out and maintaining, and acquiring more council houses should be part of that. Why have they been forced to sell their stock, and struggle to replace.
Why have they sold the houses is the question you keep avoiding, other than accusing councils of poor business. Has it escaped your notice just how many councils are in financial trouble? 1 or 2 you could argue it's just poor management, but with lots more you have to accept there is an underlying issue. Most in here are aware of it.
Owning their own houses would have allieviated many of the problems, they now have to pay out substantially more just to achieve the same result.
yep you cant beat the intelligence of local councils ours was part of a court case about how bad some new builds where.
And while it was going on what did they do , bought homes worth over 1 million quid off them in total
And while it was going on what did they do , bought homes worth over 1 million quid off them in total
Commercial property yields outpacing their residential rivals
New research that analysed the performance across both the residential and commercial property markets to see how the two are currently comparing, has found that commercial property is providing stronger yields - particularly in the North East.
The seemingly high yields reflect that the value of the asset has dropped.
Like me, you must be on JohnD's special 'question ignore' list.
D
Deleted member 221031
I’m not sure what that means.
All I know is commercial property is a very good asset. Councils are cash strapped and have no choice but to sell off.
It all points to poor management and wasting money.
D
Deleted member 221031
I can pull up more links to prove commercial property produces a better yield. You’ll always find an obscure link that doesn’t support your argument.
My point stands.
It does not prove that.Ministers plan to push cash-strapped English councils to sell assets
Exclusive: Critics warn of a ‘fire sale’ of public assets under plans being explored by Levelling Up Department
More assets to be sold.
It just proves councils can’t run a tap.
All it shows is your inability to look at the reasons.
Interesting how claim not to be right wing, yet here you are with tribal support for the Tories
The real reason is cuts to central government grants due to Tory austerity policy.
“The fall in spending power is largely because of reductions in central government grants. These grants were cut by 40% in real terms between 2009/10 and 2019/20, from £46.5bn to £28.0bn (2023/24 prices)”
Local government funding in England | Institute for Government
How local government is funded in England and how it has changed since 2010.
www.instituteforgovernment.org.uk
WRONG
If your income was cut by 40%, when you couldn’t pay the bills would you complain to yourself it’s because you arent managing your money well?
Wat a muppet
The reason is this:
“The fall in spending power is largely because of reductions in central government grants. These grants were cut by 40% in real terms between 2009/10 and 2019/20, from £46.5bn to £28.0bn (2023/24 prices)”
Local government funding in England | Institute for Government
How local government is funded in England and how it has changed since 2010.
www.instituteforgovernment.org.uk
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