Debate House Prices


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Right To Buy from 2016!

pol-zeath
pol-zeath Posts: 110 Forumite
in Debate House Prices & the Economy
So it appears the Government has now agreed a deal with housing associations over right to buy........yesterday apparently.
«134567

Comments

  • Mistermeaner
    Mistermeaner Posts: 2,985 Forumite
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  • Soleil_lune
    Soleil_lune Posts: 1,247 Forumite
    pol-zeath wrote: »
    So it appears the Government has now agreed a deal with housing associations over right to buy........yesterday apparently.

    Worst idea ever.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    From everything I can gather, when the HA sells the property, the taxpayer will stump up the cash for the discount they have to offer.

    So in effect the taxpayer is literally buying a portion of the house for the tenant.
  • pol-zeath
    pol-zeath Posts: 110 Forumite
    Soleil_lune wrote: »
    Worst idea ever.

    Why?
    My daughter has a lovely has a lovely little Housing Association property. With a little bit of help from mum and dad she will now have a chance to get on the property ladder. Giving her and her children some security.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    pol-zeath wrote: »
    Why?
    My daughter has a lovely has a lovely little Housing Association property. With a little bit of help from mum and dad she will now have a chance to get on the property ladder. Giving her and her children some security.
    Good for her bad for the tax payers who have to pay.
  • pol-zeath
    pol-zeath Posts: 110 Forumite
    edited 8 October 2015 at 8:30PM
    ukcarper wrote: »
    Good for her bad for the tax payers who have to pay.


    Tax payers have to subsidise many things benefits, elderly care, schools etc
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 8 October 2015 at 8:35PM
    pol-zeath wrote: »
    Tax payers have to subsidse many things benefits, elderly care, schools etc

    The taxpayer should never, never be buying an asset and literally handing it over to a singular family.

    In this scenario, on a housing association property worth £150,000, if the tenant has been living in it for just 5 years, they will effectively be handed £52,500. This can increase to above £75,000 defendant on how long tey have been living there.

    That money is our money.

    It's bizzare to grant £52,500 to one single family, or one single person while at the same time cutting £1,300 in tax credits from families...some who will suffer quite considerably as a result.

    To put it into context, 40 families will see their tax credits cut to save the country money.

    If one person who has lived in their HA house for 5 years fancies buying it, we'll hand over all the tax credit savings those 40 families have suffered to that one single person.

    All for a simple ideology.
  • pol-zeath
    pol-zeath Posts: 110 Forumite
    Is that a family where husband and wife both work minimum number of hours to claim maximum amount of tax credits?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 8 October 2015 at 8:48PM
    pol-zeath wrote: »
    Is that a family where husband and wife both work minimum number of hours to claim maximum amount of tax credits?

    No, not that it matters. Those who will lose the most are in many cases single parents who work the hours they can within the remit of bringing up a child on their own.

    And what's your point anyway? You are celebrating your daughter getting taxpayer money for doing absolutely nothing.

    Difficult, therefore to take issue with families who get top ups for working less than maximal hours.
  • pol-zeath
    pol-zeath Posts: 110 Forumite
    Graham_Devon wrote: »
    No, not that it matters. Those who will lose the most are in many cases single parents who work the hours they can within the remit of bringing up a child on their own.

    And what's your point anyway? You are celebrating your daughter getting taxpayer money for doing absolutely nothing.

    Difficult, therefore to take issue with families who get top ups for working less than maximal hours.


    Well actually my daughter is one of those single parents...BUT a single parent who has worked maximum number of hours in a demanding essential services job. So I would hardly say she was getting something for nothing
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