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SarahBell

Council Buying Houses

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http://www.oldham.gov.uk/view_press_releas...S/PR/EPS/086/09

“It is very much an initiative that is fully supported by the Council which has approved Prudential Borrowing of £192k to cover the gap between the grant (£300k) and the total cost of buying the houses and refurbishing them (£492k) as providing additional affordable houses to rent by bringing empty properties back into use is a key priority for the council and its housing partners.â€

5 houses costing nearly 100k each...

Still sounding dear.

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http://www.oldham.gov.uk/view_press_releas...S/PR/EPS/086/09

“It is very much an initiative that is fully supported by the Council which has approved Prudential Borrowing of £192k to cover the gap between the grant (£300k) and the total cost of buying the houses and refurbishing them (£492k) as providing additional affordable houses to rent by bringing empty properties back into use is a key priority for the council and its housing partners.â€

5 houses costing nearly 100k each...

Still sounding dear.

its a lot for a house that was 20k in 2003

a load of shit anyway. dark miserable place.

only last week one fell over on camera.

id hate tolive in one of those mega slave boxes.

built 1849

Edited by right_freds_dead

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What are councils doing propping up property prices - with tax payers money?

It is an absolute scandal.

These people have no idea about 'doing a deal', 'driving a hard bargain' or negotiating.

Of course, it's not their money.

The barometer should be the price pre-boom or the estimated market value minus the bubble.

The real problem we have is that too many simply do not appreciate that there has been a bubble and that price increases of 10% per annum weren't 'normal'.

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What are councils doing propping up property prices - with tax payers money?

Council officials know a few builders & someone had a good idea to help the local community?

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