Typical Labour. I’m alright Jack…..

[motorbiking]

I don’t understand the logic of this, it would be owning a house in name only and almost impossible to value or mortgage it

Quite! It would be little different to the process of renting a home. I certainly would never have invested the time, and money which have in this place, knowing that at some point in the future, it could go back to council ownership.

I think you both misunderstood Mottie's idea.

You buy your place for say 100k, when its value is 150k. When you die or sell say 40 years later, the property goes back to the council on the same basis. So 1.5M, they pay £1M. in effect its like a shared ownership but without rent.

 

[carmanmemoranda]

.

 

[denso13]

Hundreds of thousands of social housing tenants owe money to their local authority, with the number of homes in rent arrears increasing by 8 per cent from 2019 to 2023, increasing pressure on cash-strapped councils and leaving those in debt facing homelessness.


Freedom of Information (FOI) data from 82 local authorities – around a third of the number of councils which own social housing – shows more than £240m was owed in rent arrears in June/July this year. This is up from £147m owed in 2019, according to analysis from payment specialists Access PaySuite.

That was a direct result of Universal Credit being introduced. HA's/councils no longer got paid housing benefits directly.

 

[carmanmemoranda]

That was a direct result of Universal Credit being introduced. HA's/councils no longer got paid housing benefits directly.

If they owned the properties (paid for over their lifetimes) outstanding rent would be a different issue . But paying out for the property and not collecting the rent is a major problem.

Would have made more sense not to have sold the properties. Cheaply too

 

[denso13]

Would have made more sense not to have sold the properties. Cheaply too

There may have been a better way if perhaps the discounts weren't so big and Councils were allowed to replace what they lost. The best stock has been lost while the most expensive properties to run have been left.

 

[Notch7]

Hundreds of thousands of social housing tenants owe money to their local authority, with the number of homes in rent arrears increasing by 8 per cent from 2019 to 2023, increasing pressure on cash-strapped councils and leaving those in debt facing homelessness.


Freedom of Information (FOI) data from 82 local authorities – around a third of the number of councils which own social housing – shows more than £240m was owed in rent arrears in June/July this year. This is up from £147m owed in 2019, according to analysis from payment specialists Access PaySuite.

not much compared to the £16b that housing benefit now costs

its hilarious how Tory voters like you believe in home ownership..............unless its the council

"Oh yeah it makes far more sense to own your own home, you get an asset, the cost of maintenance is far lower than paying rent forever"

"Oh no its no good councils owning properties, all that maintenance is far too much, its better if they pay out for housing benefit and let the housing association accumulate the asset gain"


the right wing...........clueless

 

[blup]

I think you both misunderstood Mottie's idea.

You buy your place for say 100k, when its value is 150k. When you die or sell say 40 years later, the property goes back to the council on the same basis. So 1.5M, they pay £1M. in effect its like a shared ownership but without rent.

Shared ownership converts to full ownership when the staircasing ends, withthis idea the property transfers back to tne Council. Im not convinced that would appeal to renters who would have no incentive to make money on it to sell at full market value. It would have to be via a long lease so tne Council could protect its asset if for example it was usedas a crack den or unauthorised works carried out.

 

[Brigadier]

When the country gives away or sells its assets, and won't get its money from taxing or recouping from those who hold those assets, what does it do?

Run down public services?
Borrow more?
Increase income tax?

 

[ajohn]

Just where does the money come from to build council houses at rates that have been achieved in the past?

I look at it from the point of view of growing up in an overspill estate. Mostly council houses with nearby adjoining areas of more that were built earlier. The area I lived in was built mid 1950's.

I took a look at house prices in the same area. Conclusion - they don't sell very often council or private. An interesting factor. Not much difference between prices of terraced council and 3 bed semi which will be one of the private ones which my parents bought. Some others living in these moved as house prices were not increasing as they should.

 

[Mottie]

Any money raised by the councils for selling off council houses should be ring fenced so that it can only be spent on building more houses.

 

[denso13]

Any money raised by the councils for selling off council houses should be ring fenced so that it can only be spent on building more houses.

They weren't even allowed to use all the sales income to build new homes, even if they wanted to.

 

[ajohn]

Any money raised by the councils for selling off council houses should be ring fenced so that it can only be spent on building more houses.

When building costs tend to increase all of the time?

 

[Mottie]

When building costs tend to increase all of the time?

Oh, well let’s just sell them all off and do nothing, eh?

 

[Notch7]

Any money raised by the councils for selling off council houses should be ring fenced so that it can only be spent on building more houses.

Thatcher ring fenced the money from selling off council houses…..and forced councils to hand over the money so she could use to bribe voters with tax cuts

 

[Brigadier]

When building costs tend to increase all of the time?

So does the value of those sold........