Council House purchase?

Lioness_Twinkletoes

lighting_up_the_chalice wrote: »

As the "sour grapes" comment related to taking "another social housing home out of circulation thereby screwing over future generations", I stand by my comment that it was well observed. No-one has accused anyone of hypocrisy on this thread.

*Sigh* When someone uses the phrase sour grapes, it means that they put down something simply because they can't have it. I have already said I could buy my home under the RTB (actually the RTA) scheme.

My comment about screwing future generations is exactly what is happening - but not to me. I have a HA home. So, like I said, the sour grapes comment is wrong.

leveller2911

lighting_up_the_chalice wrote: »

No it won't. Unless you think they are going to demolish it once bought.

Yes it will, once its sold into the private market a low income family won't be able to afford to rent it privately without more taxpayer funding through Housing benefits. No logic in that at all.

A drop in the ocean compared to the amount of VAT lost from all those houses built for private sale.

Totally different issue LUTC , as you well know.........

Poor? Maybe.... But well observed.

Not really when you consider the OP already has a mortgaged property and is looking to feather his/her nest in the future.

leveller2911

SailorSam wrote: »

Imagine if the OPs parents don't buy the house but contine living in it, as they get older and start to live on benefits, the Council or the Govt will pay their rent. But if the house is bought and paid for the Council will save all that money it may pay out.

Far too many ifs and buts in your post Sailor. In effect your saying the Council or Govt will continue to pay the rent for the house to the Council or Govt ,not sure who actually gains and who loses money in that scenario.

Go back say 5 years the maximum discount was 69% , so on a house thats worth say £150k thats a discount of £103,500 now thats an awful lots of benefits the Govt would have to pay out to the cpl you mention if they had stayed renting with the council.

Admittedly again theres "ifs and buts" in my post but IMO its just plain wrong to sell off affordable Council Housing when they aren't building new ones. Whats going to be sold off next? the entire road network? we haven't got much left to sell.

shaneshaneshane

well this thread has turned out tamer than I expected...

Lioness_Twinkletoes wrote: »

Makes me even more angry when I KNOW that the RTB is being abused by people like the OP, hoping to make a killing when the parents die.

As someone mentioned earlier, there is a fair chance that the property will have to be sold for care costs in their later life, if that is the case then so be it, being brutally honest, of course I would hope to inherit the property and sell it on for a tidy sum one day (who wouldn't want to make some money?) but it may not be entirely possible. I see you glossed over the fact my main motivation is to help my parents save a large sum of money per month, the rest is just a byproduct. I find it absolutely crazy that you refuse to purchase your HA property under RTB because of morals, taking the higher ground reasonings.. do you never buy a promotional item/sale item from a shop? Same difference.. maybe, just maybe it's not a refusal on the grounds of won't buy... maybe it's can't buy (See: Sour Grapes), it's nothing to be ashamed of and many people would be in the same boat.

Thank you for the contructive advise given, it's interesting that the discount could be seen as the deposit by some lenders as a mortgage would be needed, I didn't even give that a thought, I naturally (Wrongly) assumed the rates would be based of the discounted value rather than the open market value.. that would make it even more attainable for them with a better than expected LTV.

Again, Thanks for the information, food for thought.

lighting_up_the_chalice

leveller2911 wrote: »

Yes it will, once its sold into the private market a low income family won't be able to afford to rent it privately without more taxpayer funding through Housing benefits. No logic in that at all.

You clearly don't understand the current housing crisis.

leveller2911 wrote: »

Totally different issue LUTC , as you well know.........

Lost revenue offset against the cost of house-building? EXACTLY the same issue.

leveller2911 wrote: »

Not really when you consider the OP already has a mortgaged property and is looking to feather his/her nest in the future.

So, a relative who is a homeowner should be a bar to social housing?

leveller2911

lighting_up_the_chalice wrote: »

You clearly don't understand the current housing crisis.

Oh goody anotherone who has a superiority complex. I fully understand the current housing crisis but thanks for the post.

So, a relative who is a homeowner should be a bar to social housing?

You took my post out of context and you know it.

The OP is looking after his/her future interests and not the best interests of his/her. parents.If they must sell off old Council/Social Housing then it should be sold at Full market value and the proceeds used to build new Social Housing.

leveller2911

shaneshaneshane wrote: »

well this thread has turned out tamer than I expected...

Nah, its pretty much turned out exactly how you intended it too when you posted it.......;)

Lioness_Twinkletoes

shaneshaneshane wrote: »

I find it absolutely crazy that you refuse to purchase your HA property under RTB because of morals, taking the higher ground reasonings.. do you never buy a promotional item/sale item from a shop? Same difference.. maybe, just maybe it's not a refusal on the grounds of won't buy... maybe it's can't buy (See: Sour Grapes), it's nothing to be ashamed of and many people would be in the same boat.

You are comparing apple and pears. A social housing home, once sold, cannot never be replaced, unlike a product in a shop that is made to sell.

I won't buy because it is depriving generations down the line. I believe social housing should remain thus. If I want to buy a home, I will buy one from the open market.

Personally, I don't think you are putting your parents' best interests first. At the moment they have a secure tenancy, all repairs are carried out for them (boiler replacement for example), if they fall on hard times they'll have their rent paid. You are effectively taking all that away - and for what? So you can make some money when they die. Nice.

lighting_up_the_chalice

leveller2911 wrote: »

Oh goody anotherone who has a superiority complex. I fully understand the current housing crisis but thanks for the post.

Oh goody. Anotherone who can tell me how tenure has an impact on the current housing crisis. I shall look forward to that.

leveller2911 wrote: »

You took my post out of context and you know it.

The OP is looking after his/her future interests and not the best interests of his/her. parents.

The OP seems to be looking at ways of doing both.

shaneshaneshane

So how is saving my parent roughly £300 pcm looking after my interests? As I said, yes, I do hope to inherit the property in the future but that is not a certainty...

And no, it hasn't I expected a lot more abusive, unhelpful posts like the ones you have posted, at least some people were kind enough to actually constructivly contribute.