Right to Buy for Private Tenants.

Running_Horse

Why not? Many councils were forced to sell houses against their will, so the principle has been established. Discounts would have to be lower, say 10% or being allowed to buy at the purchase price five years ago if you had been a tenant that long. There would need to be safeguards to ensure landlords did not evict tenants just to avoid selling. It could be as big a vote winner today for Labour with "aspirational" voters as council RTB was for Thatcher a generation ago.

ging84

who funds the discount? the government or the landlord?
as much as i would love it to be the landlords, it would never happen if it was.
I actually think this could be a good idea though if it could be afforded

bebewoo

Ridiculous

somethingcorporate

House prices would rise to accommodate the discount hence rendering it useless.

cells

Right to buy social homes was swapping one subsidy with another, in many cases especially over the last 5-10 years it was profitable to do so for the state

Think of it this way

What is a million pound home worth with an AST ... a million pounds

What is a million pound home worth with a regulated tenant paying only £400 per month who can gift it to their kids who can gift it to theors etc. Well in that case the property is not worth a milliom pounds nowhere near it. Its true value is probably no more than £100k


council homes should not be valied on the price of normal home sales or BTL sales they should be valued as the net present value of future profit that would be more sane. In which case a lot of RTBs were sold at a big profit

cells

Why not just write a cheque to FTBs it saves the pretence and fooling around.

£15k per couple?

Probably affordable too

the_flying_pig

the difference is that it's not ok to force a private landlord to sell something for less than it's worth.


of course, it's totally OK to force a council or HA to do the same thing.

cells

the_flying_pig wrote: »

the difference is that it's not ok to force a private landlord to sell something for less than it's worth.


of course, it's totally OK to force a council or HA to do the same thing.

You don't have to force them to sell no one is that evil

instead lets introduce a £1k per month landlord licence to make sure the properties are safe and fit for habitation.....

stator

I think it's entirely workable. Landlords have been ripping off tenants for decades, there should be some payback.
I would introduce it at the rate of 1% discount for every year lived in the home, but accrued monthly so that there is no incentive to evict at yearly intervals.

princeofpounds

council homes should not be valied on the price of normal home sales or BTL sales they should be valued as the net present value of future profit that would be more sane. In which case a lot of RTBs were sold at a big profit

very interesting point, but I fear it will go over the heads of many.

michaels

Tenants have the right to make an offer for purchase to the landlord of the property they are renting at any time they wish to.