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Panorama - Housing Benefit Going To Bad Landlords

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Feels like this one is 'towing the party line' a bit but more landlord bashing is always welcome.

http://news.bbc.co.uk/panorama/hi/front_page/newsid_9122000/9122529.stm

Reporter John Sweeney discovers that by one estimate housing benefit money totalling as much as £3.5bn a year is going to private landlords deemed bad or neglectful.

In his analysis, Sweeney says the result is that some of Britain's poor are now living in 21st century slums.

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I don't doubt that he's right.

Oh, and durnk as I am, even I know that is spelled 'toeing'.

I've just taken a swig out of a bottle of single malt and blame you, for talking about being drunk all the time. It got my taste buds flowing.

Cheers.

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Back of an envelope calc:-

£3500m p.a. @ roughly 3% cost of a 10 yr gilt would give you > £100,000m to build council houses at say £100k each. i.e. 1,000,000 council houses. (excluding land, but govt. is flogging off it's land 'cause it doesnt know what to do with it).

Sorted.

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Back of an envelope calc:-

£3500m p.a. @ roughly 3% cost of a 10 yr gilt would give you > £100,000m to build council houses at say £100k each. i.e. 1,000,000 council houses. (excluding land, but govt. is flogging off it's land 'cause it doesnt know what to do with it).

Sorted.

Sounds like good old fashioned socialist common sense.

Use publically owned land, build good houses to a clear standard and rent them at a fair price to the public.

Instead of the government borrowing money to pay the private rent it is used to provide decent housing and give the public the profit from the scheme once the build costs are paid off.

Some sort of law to ensure that right wing governments can't then sell them all off to buy the votes of the lower order would be good too.

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Back of an envelope calc:-

£3500m p.a. @ roughly 3% cost of a 10 yr gilt would give you > £100,000m to build council houses at say £100k each. i.e. 1,000,000 council houses. (excluding land, but govt. is flogging off it's land 'cause it doesnt know what to do with it).

Sorted.

That is a very interesting way to look at it. The total HB bill is £20bn per year, which would buy you 125,000 average houses @ £160k outright, every single year. If average houses were to fall 50% to £80k (as many on here are expecting) you could buy 250k houses outright every year. There are about 750k people turning 18 in the UK each year, so at 2 people per house you could afford to buy two-thirds of the population a house on their 18th birthday, for cash, every year, at market prices, without a penny of rent or mortgage, and just using the amount that is currently used for HB.

But then, the bankstas and landlords would be cut out of the loop, and they wouldn't like that I'm sure.

Edited by Dorkins

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That is a very interesting way to look at it. The total HB bill is £20bn per year, which would buy you 125,000 average houses @ £160k outright, every single year. If average houses were to fall 50% to £80k (as many on here are expecting) you could buy 250k houses outright every year. There are about 750k people turning 18 in the UK each year, so at 2 people per house you could afford to buy two-thirds of the population a house on their 18th birthday, for cash, every year, at market prices, without a penny of rent or mortgage, and just using the amount that is currently used for HB.

You see! NOW someone gets it.

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Splendid.

The government announce caps on housing benefit and cuts in the calculation of it. The Meeja start to notice housing benefit. Eventually, some of them start to spot what it's really about.

When will Auntie go so far as to point out the effect benefits have in pricing self-financing tenants out?

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That is a very interesting way to look at it. The total HB bill is £20bn per year, which would buy you 125,000 average houses @ £160k outright, every single year. If average houses were to fall 50% to £80k (as many on here are expecting) you could buy 250k houses outright every year. There are about 750k people turning 18 in the UK each year, so at 2 people per house you could afford to buy two-thirds of the population a house on their 18th birthday, for cash, every year, at market prices, without a penny of rent or mortgage, and just using the amount that is currently used for HB.

But then, the bankstas and landlords would be cut out of the loop, and they wouldn't like that I'm sure.

[tongue in cheek]

But GDP would go down as we'd have less loans and rent, so we'd have recession!

[/tongue in cheek]

Seriously, that is a quite shocking calculation that shows that something isn't quite right in housing benefit land.

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The question is how does HPC.co.uk or PricedOut.org get this kind of information out there?

We can talk about it 'till we are blue in the face but unless the general populous start seeing the bigger picture nothing will change...

That is a very interesting way to look at it. The total HB bill is £20bn per year, which would buy you 125,000 average houses @ £160k outright, every single year. If average houses were to fall 50% to £80k (as many on here are expecting) you could buy 250k houses outright every year. There are about 750k people turning 18 in the UK each year, so at 2 people per house you could afford to buy two-thirds of the population a house on their 18th birthday, for cash, every year, at market prices, without a penny of rent or mortgage, and just using the amount that is currently used for HB.

But then, the bankstas and landlords would be cut out of the loop, and they wouldn't like that I'm sure.

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in this age of social media, it shouldnt be too difficult

The question is how does HPC.co.uk or PricedOut.org get this kind of information out there?

We can talk about it 'till we are blue in the face but unless the general populous start seeing the bigger picture nothing will change...

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That is a very interesting way to look at it. The total HB bill is £20bn per year, which would buy you 125,000 average houses @ £160k outright, every single year. If average houses were to fall 50% to £80k (as many on here are expecting) you could buy 250k houses outright every year. There are about 750k people turning 18 in the UK each year, so at 2 people per house you could afford to buy two-thirds of the population a house on their 18th birthday, for cash, every year, at market prices, without a penny of rent or mortgage, and just using the amount that is currently used for HB.

But then, the bankstas and landlords would be cut out of the loop, and they wouldn't like that I'm sure.

You could do it for less than £40K per house. All you would need to factor in is the build costs. Government has lots of land and could also buy up green fields and brownfields for pennies in the pound if they were serious about it.

As others said, vested interest in not doing it plus it would alienate those who bought their own places.

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Renting a whole house just for 19 year old boy and his dog.........program never questioned that ......No wonder a housing shortage....

Edited by mercsl

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I've just taken a swig out of a bottle of single malt and blame you, for talking about being drunk all the time. It got my taste buds flowing.

Cheers.

What a waste. Are you a Labour supporter by any chance? :(

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Sounds like good old fashioned socialist common sense.

Use publically owned land, build good houses to a clear standard and rent them at a fair price to the public.

Instead of the government borrowing money to pay the private rent it is used to provide decent housing and give the public the profit from the scheme once the build costs are paid off.

Some sort of law to ensure that right wing governments can't then sell them all off to buy the votes of the lower order would be good too.

Or just sell publicly owned land to builders to build houses that people will actually buy. No density targets, emissions targets, carbon footprint etc etc.

Just decent sized houses, where people want to live?

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  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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