Buy a house for £1?

thorsoak

http://www.bbc.co.uk/news/uk-england-stoke-staffordshire-19433595

Could be the way forward - and what a wonderful step onto the housing ladder!

CLAPTON

strange

two years ago they were rubbish houses incapable of making a decent home and needed to be knocked down, yet now they are going to be OK with a bit or work doing on them.

Phil3822

I think it is a good idea. Those homes never needed knocking down in the first place. Not sure how the finances work though, tax payers in effect buying people a private home.

Loopgames

Phil3822 wrote: »

I think it is a good idea. Those homes never needed knocking down in the first place. Not sure how the finances work though, tax payers in effect buying people a private home.

Which another tax payer can buy..what is this about 'tax payers' phrase thrown about all the time..as if it is not allowed to be spent at all.

Fiftyshades

thorsoak wrote: »

http://www.bbc.co.uk/news/uk-england-stoke-staffordshire-19433595

Could be the way forward - and what a wonderful step onto the housing ladder!

I herd all about this a while ago, but you have to live there for rs and not allowed to rent it out.

Phil3822

To pay a £1 I would hardly call buying. Its only a nominal value to satisfy law of transfer of ownership. In effect they are being given away. I will happily use the tax payer phrase, being a tax payer and living in demoncracy I feel I can give my opinion on where money is spent. I dont mean to sound rude with that comment but I find alot of public spending initiatives poorly thought through. I still think it is a good idea though.

Loopgames

Fiftyshades wrote: »

I herd all about this a while ago, but you have to live there for rs and not allowed to rent it out.

Well you can rent it out after 5 years...also I think it is really aimed at local 'tax payers';) to 'purchase' it and the £30k loan to do it up with.

chewmylegoff

The council is going to replumb, refurbish and rewire them. It would be interesting to know what the "refurbish" bit of that means.

Loopgames

chewmylegoff wrote: »

The council is going to replumb, refurbish and rewire them. It would be interesting to know what the "refurbish" bit of that means.

plastering?

Sounds like the houses will be done up to the bare minimum to make them habitable.

Loughton_Monkey

So, in effect, Stoke on Trent council is giving away valuable assets [land - with building rights] for £1 each. I wonder what the rate payers think of that?

See you in the High Court........

Loopgames

Loughton_Monkey wrote: »

So, in effect, Stoke on Trent council is giving away valuable assets [land - with building rights] for £1 each. I wonder what the rate payers think of that?

See you in the High Court........

In return you have to be brave enough to live there!! Even giving it away won't tempt me...you?:p