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Democorruptcy

Councils To Leverage Up Our Council Tax...

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Joining the dots between

Birmingham get a triple AAA rating from Moodys

http://uk.finance.yahoo.com/news/Birmingham-given-AAA-credit-tele-2410378039.html

Newnham council planning to buy houses to let out

In a separate plan, Newham Council wants to borrow money to buy private homes to let. The council in discussions with the government over the move, as current laws ban councils from borrowing money. If successful, the council wants to buy around 7,500 homes to ease homelessness and improve property standards.

http://www.uklandlordnews.co.uk/council-wants-to-licence-thousands-of-landlords/

At the Tory conference they said they planned to do more right to buy at bigger discounts!

Councils leverage up to pay top dollar for houses not negotiating like a private buyer would

Councils later sell houses at a large discount

The way to buy a house in the UK is clearly going to be to top the council waiting list. People who do that are those not working, homeless or immigrants/sylum seekers.

In 10 years all the councils will be bust and income tax returns will have plunged, how can workers compete with councils for housing?

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  • 284 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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