Rant and query regarding neighbours

TEDDYRUKSPIN

Erm. To the nice people in the forum.

Only found out recently that two properties in the close have been sold to an housing association. What has surprised me most is that the properties in the close and area are all actually owned by people who work and have a mortgage.

My question is, which I kind of know the answer - does this actually cause the properties to reduce in value?

Just to further clarify, none of the house are ex-council or even ex-housing association properties. They were all new built and private property.

I'm quite disgusted that you don't get a chance to even be notified of what is happening.

Just to further clarify, I have no motive in anyway of who lives there or not, but just my hard working money devaluing due to this event.

Oliver14

TEDDYRUKSPIN wrote: »

Erm. To the nice people in the forum.

Only found out recently that two properties in the close have been sold to an housing association. What has surprised me most is that the properties in the close and area are all actually owned by people who work and have a mortgage.

You may be surprised to hear that a lot of people in HA and council houses work also. You're making yourself sound rather silly and intollerant. Glad you're not my neighbour

TEDDYRUKSPIN wrote: »

question is, which I kind of know the answer - does this actually cause the properties to reduce in value?

House prices dropping can depend on lots of factors I very much doubt 2 HA properties would effect yours. If your not planning on selling it doesnt matter anyway. Ou local HA frequently buys one off houses in different area's.

TEDDYRUKSPIN wrote: »

I'm quite disgusted that you don't get a chance to even be notified of what is happening.

Why should they? Do yopu get informed everytime someone buys a house in your area?

ValOrient

TEDDYRUKSPIN wrote: »

Erm. To the nice people in the forum.

Only found out recently that two properties in the close have been sold to an housing association. What has surprised me most is that the properties in the close and area are all actually owned by people who work and have a mortgage.

My question is, which I kind of know the answer - does this actually cause the properties to reduce in value?

Just to further clarify, none of the house are ex-council or even ex-housing association properties. They were all new built and private property.

I'm quite disgusted that you don't get a chance to even be notified of what is happening.

Just to further clarify, I have no motive in anyway of who lives there or not, but just my hard working money devaluing due to this event.

Why do you assume someone who lives in a Housing Association property doesn't work for a living? I find that quite rude. I live in a HA property and in our block of 3 houses everyone works.

Also the majority of new housing developments will not get planning approval unless the development includes a small percentage of social housing. It might be the case here if it is a fairly new development, or it might be that the developers have been unable to sell the properties privately and so have (IMO) done a sensible thing and sold it to the HA which may (in a small way) alleviate pressure on the housing list.

amandada

I think I'd like to be informed if the OP was to be moving close to my house-with these attitudes, house prices might drop like a stone!

katerinasol

I can't help you with the house prices question, I think ValOrient has answered it quite well, but I would like to say I also feel slightly offended that you assume everyone who lives in a HA is on benefits. Loads of people in my building, including me and my boyfriend, are employed.

bingo_bango

TEDDYRUKSPIN wrote: »

Erm. To the nice people in the forum.


I'm quite disgusted that you don't get a chance to even be notified of what is happening.

Just to further clarify, I have no motive in anyway of who lives there or not, but just my hard working money devaluing due to this event.

So which one of the Bucket clan are you then?

I can just imagine you polishing the turds before they go down the loo :rotfl:

It must be great to be so much better than everyone else!

shellsuit

TEDDYRUKSPIN wrote: »

Erm. To the nice people in the forum.

Only found out recently that two properties in the close have been sold to an housing association. What has surprised me most is that the properties in the close and area are all actually owned by people who work and have a mortgage.

My question is, which I kind of know the answer - does this actually cause the properties to reduce in value?

Just to further clarify, none of the house are ex-council or even ex-housing association properties. They were all new built and private property.

I'm quite disgusted that you don't get a chance to even be notified of what is happening.

Just to further clarify, I have no motive in anyway of who lives there or not, but just my hard working money devaluing due to this event.

Why should you be notified when it's none of your business?

In our old road (I rented privately) there were 2 HA properties, and they didn't have an effect of house prices at all.

I'm in a HA house now and all the others in the close are bought.

I hope our neighbours don't think bad of us like you do! (By the way I'm married and my husband works damn hard).

Mupette

I'm shocked that you would say this on a public forum.

I'm on benefits, single mother too, oh and i live in social housing, and have my rent and council tax paid.

What do you think of that..

Mrs_Arcanum

TEDDYRUKSPIN wrote: »

Erm. To the nice people in the forum.

Only found out recently that two properties in the close have been sold to an housing association. What has surprised me most is that the properties in the close and area are all actually owned by people who work and have a mortgage.

My question is, which I kind of know the answer - does this actually cause the properties to reduce in value?

Just to further clarify, none of the house are ex-council or even ex-housing association properties. They were all new built and private property.

I'm quite disgusted that you don't get a chance to even be notified of what is happening.

Just to further clarify, I have no motive in anyway of who lives there or not, but just my hard working money devaluing due to this event.

You cannot prevent anyone who can legally pay from buying property. Plus you have no idea what type of HA it is. :mad:

Funny thing is former HA properties are actually worth more locally than nearby non HA estates.

warehouse

Where I used to live, (Harrow), the housing association purchased a lot of properties. In one fairly close to us they housed a family of travellers. It was a large part of the reason we moved out.

Please remember though that people with privately owned homes who work and have mortgages can be just as bad for the neighbourhood.

Sooler

TEDDYRUKSPIN wrote: »

...which I kind of know the answer

Which is?

Guess you always have the option of selling to the HA