Right to Buy - Unethical/Sinister change?

Norman_Castle

Guest101 wrote: »

It's still taxpayer funded.

How much of my or your council tax payments are given to the housing department?

BJV

Norman_Castle wrote: »

The Housing Revenue Account states that housing revenue cannot subsidise or be subsidised by other means. It has to be self financing and it cannot subsidise other council services. Any deficit in the council housing budget will not result in services being cut or increased taxation.

No but surely that would mean that they have less money to invest, repair and re-home people who need it ????

If I have to sell fund. I have a moral duty to make sure that I get the best bang for buck I can so I can re-invest in services i.e houses for the future. The right or wrongs of right to buy aside there are still not getting market value. In a way they are discriminating against people who have had to use private land lords who when circumstances change will not be eligible for a massive discount

Guest101

Norman_Castle wrote: »

How much of my or your council tax payments are given to the housing department?

I couldn't tell you, I don't know what banding your property is, or whether you receive a single person discount.


These properties are only self funding on paper.


If I had a property which cost me £300 to maintain, so I set the rent to £300, it's self funding. BUT if the market rent is actually £600, I am losing £300.

Zizou

I don't know about others, but I have been paying full rent and basically they will be deducting this as a discount!

Zizou

Market rate are fixed by the greedy estate agents for their commissions!

A house could worth £400k but estate agents do bidding war so the house when its sold ends is around £450k!

fairy_lights

Zizou wrote: »

I don't know about others, but I have been paying full rent and basically they will be deducting this as a discount!

And you think that's unfair...how exactly?

Cheeky_Monkey

Zizou wrote: »

Market rate are fixed by the greedy estate agents for their commissions!

A house could worth £400k but estate agents do bidding war so the house when its sold ends is around £450k!

That just goes to show how little you know about the housing market

Guest101

Zizou wrote: »

I don't know about others, but I have been paying full rent and basically they will be deducting this as a discount!

- So you aren't paying full market rent really are you? If it's basically being paid towards the value of the house?

Zizou wrote: »

Market rate are fixed by the greedy estate agents for their commissions!

A house could worth £400k but estate agents do bidding war so the house when its sold ends is around £450k!

Then the house is worth £450,000 and was not worth £400,000 you don't seem to understand the market

Norman_Castle

Guest101 wrote: »

I couldn't tell you, I don't know what banding your property is, or whether you receive a single person discount.
What about your council tax payments?

These properties are only self funding on paper.


If I had a property which cost me £300 to maintain, so I set the rent to £300, it's self funding. BUT if the market rent is actually £600, I am losing £300.

The "subsidies" are only on paper. The rental income covers the build and maintenance costs.
They are not built to generate a profit. The lower rents help reduce the housing benefit bill. Social housing rents are being reduced to save taxpayers money.
https://www.theguardian.com/housing-network/2015/jul/08/social-housing-rent-fall-chancellor-budget

sevenhills

ScorpiondeRooftrouser wrote: »

So where do you think the subsidy for right to buy ultimately comes from? We are talking solely about RTB subsidies here. not ongoing rental, which is an entirely different matter.

I am buying my council house, it was built in the 60s, when it would have been worth much less than the £65,000 discounted value that I am paying.