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acidrob

Ban On 'right To Buy' Council House

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Article in the Scotsman

They had this on the scottish news today, and said that a lot of other councils in Scotland will follow suit. They interviewed some council house tenants that were not happy about it - probably because they have been waiting to buy it off the council cheap and flog it for a tidy profit.

Not sure what this means for house prices - could it mean that there will be a shortage of cheaper housing for sale?

Edited by acidrob

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let's face it: there aren't hordes of homeless on the streets despite all the hype about 60k homeless in London. The fact is housing is housing whether it is owned, rented in the private sector or rented in the public sector. The supply of housing is not affected by this.

The more council houses the less chance BTL folk will have of filling their pricier flats. That will undermine the price of flats. On the other hand the less BTL flat material around, the more the muppets in BTL will end up paying. So doubly bad for any BTL muppets who must have flats no matter the yield.

Sensible buyers and sensible Landlords need not concern themselves. Those looking for cheaper rent will benefit.

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  • 301 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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