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is social housing subsidised?
Comments
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princeofpounds wrote: »Whilst I do agree, I think generally people are far too comfortable spending tax money. And tax money is not just numbers - it comes directly out of the pockets of everyone in this country who earns over roughly £5k, anyone who buys stuff in shops. Out of the pockets of people.
One of the posters here has a great quote in their signature I think (and I paraphrase it): 'The problem with socialism is, eventually you run out of other people's money'. Whilst I do think we need a social safety net, there's a grain of truth to it.
The bulk of social housing in this country was built to meet unprecidented post war demand and to provide employment opportunities after the war. This was extended into the 50s and 60s slum clearances. All of which served a very beneficial purpose to the nation as a whole, far exceeding the cost of materials and labour. Housing is a huge issue. To treat it in isolation (and even more so as pure balance sheet numbers) would be foolish.0 -
princeofpounds wrote: »Christ... finance is not your strong point is it?
Go and have a read up on the concept of an opportunity cost:
I take it this is addressed at me rather than a sudden realisation that the son of our lord was not a chartered accountant
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I'm fully aware of opportunity cost, and also of the difficulty in applying such measures to systems outside the profit focussed private sector. For example if you always looked at opportunity cost there would be no nhs hospitals in this country.
I accept that there are different measures of subsidy, and have explained that I have used the dictionary definition.0 -
Wee_Willy_Harris wrote: »That's not a subsidy, that's a planning condition and a cost of development. In much the same way that the developer will pay the brick merchant, not subsidise him.
No, it's a legally-enforced subsidy....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
However, using a dictionary definition of subsidy "money granted by the state or other public body to keep down the price" most social housing is not subsidised.
Don't agree with your definition, there:
sub·si·dy (s
b
s
-d
)n. pl. sub·si·dies 1. Monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest.
2. Financial assistance given by one person or government to another.
3. Money formerly granted to the British Crown by Parliament.
subsidy (ˈsʌbsɪdɪ)
— n , pl -dies 1. a financial aid supplied by a government, as to industry, for reasons of public welfare, the balance of payments, etc 2. English history a financial grant made originally for special purposes by Parliament to the Crown 3. any monetary contribution, grant, or aid [C14: from Anglo-Norman subsidie, from Latin subsidium assistance, from subsidēre to remain, from sub- down + sedēre to sit]
Collins English Dictionary - Complete & Unabridged 10th Edition...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
You are comparing typical and cheapest!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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neverdespairgirl wrote: »No, it's a legally-enforced subsidy.
It's a planning condition tied to the developement of the land, acceptance of which is the free choice of the developer.0 -
neverdespairgirl wrote: »You are comparing typical and cheapest!
The cheapest 2 bed social housing I could find was about £65. Just £4 cheaper than the advertised cheapest private rent. I'm sure that extra £4 could be negotiated down.0 -
Yes. But it results in a subsidy from private to social housing....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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neverdespairgirl wrote: »Yes. But it results in a subsidy from private to social housing.
You do know that the developer gets paid for the social houisng he builds, don't you?0 -
i refer the honourable gentleman to the answer I gave some hours ago...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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