We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

This is not a rant

2»

Comments

  • fabforty
    fabforty Posts: 809 Forumite
    The answer is no, they are not reassessed. Anyone can apply for social housing however only those who are in the greatest need - usually statutorily homeless or overcrowded - are likely to be successful due to the housing shortage. High house prices and also the increasingly high cost of renting privately means that even those on reasonable salaries often can't afford to buy their own home and if they are already in social housing (which means low rent and security of tenure), it's not surprising that few choose to move out. Once housed, they can remain regardless of the change in their financial circumstances - even a lottery winner cannot be forced out of their council house.There was a scheme called the Tenants incentive Scheme, where tenants received a lump sum of 16k to put towards the cost of purchasing their own home. This scheme ended around 1998-2000, when you could buy a three bed terrace in London for 100k and the 16k provided healthy deposit.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Also, once you're in council accommodation, usually they don't ask you to move - but if they do, then they will even pay a few thousand pounds for you to move and to paint the new place etc. e.g. if they were demolishing your place, they'd offer you appropriate accommodation elsewhere so they could do it - and you're recompensed, unlike in private rented where you're just given notice and have to move entirely at your own expense and without another place being provided to move into.

    Once in a council house, a tenant might even then stay there and buy houses locally to rent out, so quite a few will be BTL landlords yet in cheap housing.
  • Pont
    Pont Posts: 1,459 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker

    Once in a council house, a tenant might even then stay there and buy houses locally to rent out, so quite a few will be BTL landlords yet in cheap housing.
    Not sure about council housing but this would not be allowed under the terms of the tenancy agreement with my local HA. I know of a woman who split with her husband, was housed by the HA, got back together with her husband, he moved in with her, they rented their marital home out, they got evicted!
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Theres an MP sitting in a council home in London, who owns over 20 houses as BTL's. But he remains in his council house.

    I can understand his reasons for doing so too, he will be paying half price rent (under normal circumstances), the house will be built well and have a decent sized garden and rooms etc. Have things called built in cupboards too!

    The cheap rent means you can easily afford to then buy other properties to bring in an income. Plus, that MP could, if he chose too, probably take the RTB payment to buy out his council home. If he did get moved on, all his moving costs would be covered by the taxpayer.

    Once your in one of these places why on earth would you move unless the place was getting you down!?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.