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'Right to buy' to be scrapped in Scotland
Comments
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IveSeenTheLight wrote: »Here's the simple thing Graham, we cannot change history, we can only look forward and ensure that we act fairly.
Right, so scrap it today then.
These tenants will be in the same position then as everyone else in Scotland.
That is, afterall, the definition of fair. There is absolutely nothing fair about giving selected people huge sums of taxpayers cash. Therefore, nothing fair about leaving it open for another 4 years.
Yes yes, I know, it will help increase prices and more importantly to you, rental prices as a few more lower rental properties have been removed from the rental market leaving yours (how many times are you on record on here stating BTL and it's growth was only a result of selling off council houses pusing more people into BTL), but it's still not "fair" in any sense of the word..0 -
Graham_Devon wrote: »Right, so scrap it today then.
These tenants will be in the same position then as everyone else in Scotland.
That is, afterall, the definition of fair. There is absolutely nothing fair about giving selected people huge sums of taxpayers cash. Therefore, nothing fair about leaving it open for another 4 years.
I think you are showing an inability to read / process the information previously given.
Scotland has reduced the discount entitlement already, well ahead of any UK proposal.
They are now going to abolish completely and allowing the council home residents a fair opportunity to take advantage ahead of the scheme being withdrawn.Graham_Devon wrote: »Yes yes, I know, it will help increase prices
Really, please explain this theory.
A home sold with a £15k discount means it goes on record having been sold at that price and would effect similar properties in the area.
I thought you were pro - prices being cheaper for buyers, now you seem to be ramping prices with no price reduction
Graham_Devon wrote: »rental prices as a few more lower rental properties have been removed from the rental market leaving yours..
I have cited there is a problem with the reduction of social housing and that BTL has only partially filled the void created.
BTL is not the problem but the solution to the retnal stock being available.
Indeed, this would likely have a minuscule detriment to my BTL's as it means that there is likely to remain / grow the social housing stock in Scotland.Graham_Devon wrote: »but it's still not "fair" in any sense of the word..
Graham, in employment, there needs to be a period of consultation before applying redundancy processes.
This provides employees "fair" warning and opportunity to find alternative work.
Would you propose this is changed so that employers could invoke redundancies with no notification?
It's fair in a sense to allow some time for existing Council Home Tenants an opportunity to buy within a certain time frame before the opportunity is completely withdrawn.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »A home sold with a £15k discount means it goes on record having been sold at that price and would effect similar properties in the area.
How will this work? Will EAs start marketing new sales, in the area, at £15k less? How would you realise your discount?IveSeenTheLight wrote: »
I have cited there is a problem with the reduction of social housing and that BTL has only partially filled the void created.
BTL is not the problem but the solution to the retnal stock being available.
If BTLs weren't so "attractive" then perhaps there would be more property available to be purchased at sensible prices obviating the need to rent in the first place.IveSeenTheLight wrote: »there needs to be a period of consultation before applying redundancy processes.
This provides employees "fair" warning and opportunity to find alternative work.
Would you propose this is changed so that employers could invoke redundancies with no notification?
This is true 30 - 45 days.
Often they effectively do.
If a business was insolvent it may be immediate.IveSeenTheLight wrote: »
It's fair in a sense to allow some time for existing Council Home Tenants an opportunity to buy within a certain time frame before the opportunity is completely withdrawn.
Why does it need to be 4 years? 6months would seem adequate."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »How will this work? Will EAs start marketing new sales, in the area, at £15k less? How would you realise your discount?
In any market place, valuations consider recently sold properties of the same type / location.
If a property is sold £15,000 under the valuation, then this will impact other valuations after that sale.grizzly1911 wrote: »If BTLs weren't so "attractive" then perhaps there would be more property available to be purchased at sensible prices obviating the need to rent in the first place.
There will always be a rental market.
Some people cannot afford or do not want to buy.
As social housing was sold off, BTL only partially filled the gap, meaning that there was fewer rental properties as a percentage of total stock despite the increase in BTL.grizzly1911 wrote: »Why does it need to be 4 years? 6months would seem adequate.
Have you ever sat down and planned a piece of work to be carried out?
You need to fit into a schedule of other activities also being carried out.
The the Independence question dominating the next 16 months and potential workload after the balloting, it's maybe prudent to push this lower prioritisation activity out to a future time:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »In any market place, valuations consider recently sold properties of the same type / location.
This isn't how it works. They buy it at market price. They get "given" the money which is used against the mortgage. So in the case of a house priced at a market value of 100k, they apply for a mortgage and use the "discount" as a deposit.0 -
IveSeenTheLight wrote: »In any market place, valuations consider recently sold properties of the same type / location.
If a property is sold £15,000 under the valuation, then this will impact other valuations after that sale.
If that were a standard street of houses I would agree.
If you are buying a RTB you buying at a discount to the price.
As an experiment BTL has failed then.IveSeenTheLight wrote: »
There will always be a rental market.
Some people cannot afford or do not want to buy.
As social housing was sold off, BTL only partially filled the gap, meaning that there was fewer rental properties as a percentage of total stock despite the increase in BTL.
Appreciate that there will always be a rental market. I also appreciate that not every one wants to buy. Presumably the people that were renting and took advantage of the RTB became one less renter.IveSeenTheLight wrote: »
Have you ever sat down and planned a piece of work to be carried out?
You need to fit into a schedule of other activities also being carried out.
The the Independence question dominating the next 16 months and potential workload after the balloting, it's maybe prudent to push this lower prioritisation activity out to a future time
Yes thanks many.
Arguably providing housing to the needy is more important that polyticking and wasting yet more money on empire building and vanity projects."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Graham_Devon wrote: »This isn't how it works. They buy it at market price. They get "given" the money which is used against the mortgage. So in the case of a house priced at a market value of 100k, they apply for a mortgage and use the "discount" as a deposit.
Graham,
My experience of mortgages is that the mortgage is processed based on the purchase price or valuation whichever is the lower.
What your expressing sounds fraudulent as the cost is what you are paying to the owner, so if a £100k valued property was sold for £85k, then the transaction is £85k.
If I sold you one of my BTL's for £85k and it was valued at £100k, then the transaction price is £85k, you've just bought under valuation.
I bought a £240k property for £222k, so when you look at the ROSEA database, it records the property sale as £222k.
I just bought under the valuation at that time.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
grizzly1911 wrote: »
Appreciate that there will always be a rental market. I also appreciate that not every one wants to buy. Presumably the people that were renting and took advantage of the RTB became one less renter.
That's a flawed argument as then next generation have 1 less social home to support the requirement
P.S. seems like this is old news as well
https://forums.moneysavingexpert.com/discussion/2204991:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Graham,
My experience of mortgages is that the mortgage is processed based on the purchase price or valuation whichever is the lower.
What your expressing sounds fraudulent as the cost is what you are paying to the owner, so if a £100k valued property was sold for £85k, then the transaction is £85k.
If I sold you one of my BTL's for £85k and it was valued at £100k, then the transaction price is £85k, you've just bought under valuation.
I bought a £240k property for £222k, so when you look at the ROSEA database, it records the property sale as £222k.
I just bought under the valuation at that time.
Err yer.
So if you buy a 100k house, and only take out a 10% mortgage, what you are saying is that 10k gets recorded on the land registry!?
How do you think lend a hand works?
Do you think that suddenly wipes off 20% of the house price!? It's the same principle. The full amount gets written down as the sale amount...not the amount minus 20%.
You should not confuse valuation and market price. Housing association homes etc get sold at the market value, you can't barter down. Same with a council house sale. The price will be the price...it's not a price you can then offer on.0 -
IveSeenTheLight wrote: »That's a flawed argument as then next generation have 1 less social home to support the requirement
P.S. seems like this is old news as well
https://forums.moneysavingexpert.com/discussion/2204991
I don't support RTB, but presumably the idea was 1.) raise much needed revenue by pushing public sector debt on to the private sector, 2.) buy votes, 3.) create more home "owners", 4.) everybody wants a piece of the capitalist dream so will buy in future.
Before my time here but suggests that was for new tenants.
They could have moved to this current stage much quicker with all that planning time - must be following PRINCE2.;)"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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