Would not selling them have increased it?
Persimmon Chief Exec £128m bonus
- Thread starter SirGalahad
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An extra home was not built. Only the ownership changed. So the total number of homes available remained the same.
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Brigade77
IMO, social housing should be less than 1% of the total housing stock & it should be considered to be temporary in most cases.
We are facing a MASSIVE economic problem when our current generation of renters retires, by their very nature they have inadequate pension provision in place to cover the rent in old age. Historically, they were paying the rent by the shuffling of numbers on paper. In the near future, they will be paying that rent to the private sector.
This is yet another example of the MASSIVE shifting of public money into private hands.
We are facing a MASSIVE economic problem when our current generation of renters retires, by their very nature they have inadequate pension provision in place to cover the rent in old age. Historically, they were paying the rent by the shuffling of numbers on paper. In the near future, they will be paying that rent to the private sector.
This is yet another example of the MASSIVE shifting of public money into private hands.
The shortage of housing. If your job is to make hard work, you are well-practiced at it.
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The selling of council homes was and still remains a reckless policy and extending it to HA is simply madness.
A considerable proportion of RTB stock has now been 'recycled' into the private rented sector, especially in recent years. The pace of growth of private renting in the RTB resale sector may affect the demographics, dynamics and stability of some neighbourhoods.
The resale of RTB property into private renting results in higher Housing Benefit expenditure. One study calculated that the higher cost of accommodation in the private rented sector in a local authority led to an additional cost of £3.2 million per annum compared to the equivalent in social renting.
On the basis of the available evidence it would be extremely hazardous to attempt even a broad estimate of the likely take-up of the extension of RTB to the housing association sector in the next five years. One would imagine that many tenants on the margins of purchase will be tempted to take it up if they can access the finance to do so, whether through formal mortgages or additional support from families or friends. But such judgements must remain speculative for now. There is an urgent need for some high level modelling about possible scenarios for the future pattern of RTB activity in the housing association sector
From a Parliamentary report.
A considerable proportion of RTB stock has now been 'recycled' into the private rented sector, especially in recent years. The pace of growth of private renting in the RTB resale sector may affect the demographics, dynamics and stability of some neighbourhoods.
The resale of RTB property into private renting results in higher Housing Benefit expenditure. One study calculated that the higher cost of accommodation in the private rented sector in a local authority led to an additional cost of £3.2 million per annum compared to the equivalent in social renting.
On the basis of the available evidence it would be extremely hazardous to attempt even a broad estimate of the likely take-up of the extension of RTB to the housing association sector in the next five years. One would imagine that many tenants on the margins of purchase will be tempted to take it up if they can access the finance to do so, whether through formal mortgages or additional support from families or friends. But such judgements must remain speculative for now. There is an urgent need for some high level modelling about possible scenarios for the future pattern of RTB activity in the housing association sector
From a Parliamentary report.
B
Brigade77
Have you given any thought as to why the chair of the company resigned?
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It's woody we are talking about. He's a temporarily embarrassed millionaire.
http://www.slate.com/blogs/weigel/2011/09/21/temporarily_embarrassed_millionaires.html
Have you and the other sock puppet given any thought to the fact that this is a public company and not a government agency and so the bonus scheme is no-one else's business, except for the shareholders and those involved? The same shareholders who have accepted the scheme for the past five years.
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Have you even read what the issue is. How the government policy has contributed to this or are you blind to facts as usual?
Thats what I say . It is not tax payers money . They can pay him what they like imo
What are you saying then, that the government should not have helped people buy a new house, and not kept thousands of trades in employment because one particular company had a perfectly legal and private internal bonus scheme.
I'm sure all the new homeowners who have moved into their new home that they purchased from Persimmon or other companies, and trades people building those homes and paying their own mortgages would have a different view.
Please don't be such a drip.
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