And it costs less to build a house than to buy one..........
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Typical Labour. I’m alright Jack…..
- Thread starter Mottie
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And it costs less to build a house than to buy one..........
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Apart from in the example I gave. You could even give the renter a chance to buy out the discount within 10 years at the original value and pay nothing back at the end.
Probably wouldn’t work where prices are low.
I thought the money raised from the sale of council houses was supposed to be used to build more council houses.
Didnt Thatcher say that.
I understood the basic idea, was to limit councils continuing being landlords/a social housing provider?
No I was just pointing out a factor that has to be considered that will get worse the longer the tenant remains there. Essential maintenance needs to be ensured as well.
Having lived amongst them another type of person can crop up. Could afford a mortgage but do not want one. At the time these had no interest at all in owning a house.They saw it as a mugs game.
The house will be worth less then, so the owner will be shafting themselves of the RTB advantage they'd taken.
Hardly the ones who would be using RTB then
That would be a very wrong sort of character, to even consider buying their own property. Maintenance and repairs, are a constant, ongoing task, always something needs doing
Some people just don't want any responsibility, for their own welfare.
Much depends on the property itself. I was instrumental, in helping to persuade a friend and neighbour to buy their home, which I grew to slightly regret. For years, I had been the one to call, whenever their car had an issue, after the house was bought, I also became the one to call for any problems with the house too.
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Well, if it's a wreck, it will be valued accordingly and it wouldn’t be compulsory for them to buy it back.
They wouldn’t be the type I’d expect to buy a house then. Carry on renting, that’s who council houses are for.
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Maybe look at council house management now. Afraid it's a few links. None are long.
Intent and funding
www.birmingham.gov.uk
What is a leaseholder
www.birmingham.gov.uk
If a leaseholder
www.birmingham.gov.uk
My father's private property was built on council owned land as were the council houses. Given the cost of ground rent he had no interest in going freehold. I sorted that after my mother died a few years after my father did. At that point Solihull owned the land. Boundary changes so no way of knowing who originally bought the land or how.
The escape from being a leaseholder is to buy the land. I'd suspect this has happened on many ex council houses so they are no longer in the pool. This infers that increasing the pool again means land needs to be bought other than in areas they own that have a lot of green in them. High rises for instance may have.
Intent and funding
Housing and Homeless | Budget Consultation 2024 to 2025 - FAQs | Birmingham City Council
Frequently asked questions and answers for the 2024 to 2025 budget consultation.
www.birmingham.gov.uk
What is a leaseholder
Leaseholder rights and responsibilities | Leaseholder rights and responsibilities | Birmingham City Council
Information on your rights and responsibilities as a Council leaseholder.
www.birmingham.gov.uk
If a leaseholder
Council leaseholders | Birmingham City Council
Information for Council leaseholders on repairs, your lease agreement, selling and subletting, and more
www.birmingham.gov.uk
My father's private property was built on council owned land as were the council houses. Given the cost of ground rent he had no interest in going freehold. I sorted that after my mother died a few years after my father did. At that point Solihull owned the land. Boundary changes so no way of knowing who originally bought the land or how.
The escape from being a leaseholder is to buy the land. I'd suspect this has happened on many ex council houses so they are no longer in the pool. This infers that increasing the pool again means land needs to be bought other than in areas they own that have a lot of green in them. High rises for instance may have.
Paying rent until the day you die for something you will never own, doesn't sound to smart either.
Everyone has to take a percentage, make a living. Those letting properties, have to make a profit, the letting agent has to make a profit, everytime a minor repair needs doing, which the homeowner might deal with himself, the workman called in - has to make a profit.
Buying and owning your own property is by far the cheaper option long term financial option, than renting, with all the profit which simply has to be made from the rented property.
They're already doing that. There is a council estate not far from me called Southmead (incidentally where Darth Vader AKA Dave Prowse grew up). It has always been white working class. In last few years it has rapidly started changing colour, mostly from THAT religion. Visiting the Aldi there is starting to feel like visiting a foreign country. Ghettoisation is well under way. Have a lot of sympathy for locals on the housing list in a city with ridiculously overpriced housing or those who bought their CHs on this estate.
If you didn't use it (to live in, for example), I'd agree.
But you do live in it.
You pay for a holiday, to watch a movie: you own neither.
If you measure your life value only in what you own, you are missing out most of what life is.
Travelling through my local council estates I see plenty of flash cars on the drives, and personally know someone in one who gos on holiday twice a year. Seems to me that they can easily afford a mortgage. The shortage in council houses could be solved by kicking out the house hoggers who could rent private or get a mortgage.
If compulsory where does the council get the money from? What valuation? House prices increase even if just due to general inflation.
If repairs needed where does that money come from?
As soon as a council ceases to be one it no longer contributes to running the others.
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