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MattW

A Fourth Housing Option?

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Given that council housing/housing association property is nigh on impossible to obtain for many and the private rental sector is expensive and insecure, UK housing need to offer something that fits somewhere inbetween the two.

What should be offered are the same range of property offered by councils but at a fair rent (ie: inbetween typical social housing rents and private rents) but with secure tenancies. So long as the tenants stick to the rules.

Rather than individual landlords, such properties would be owned by pension funds and the management of the homes done by 'property managers'. Rent would go up no more than the rate of annual inflation. I'm thinking of a similar model to private renting in Germany.

Tenants would be workers/on a stable income stream, families who may prefer to rent near schools with the fear of getting served notice to quit at a whim and pensioners too.

It may enforce a degree of competitiveness within the private rental sector.

As an Idealist I'm sure will you all pick holes in my idea! :P Fire away.

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Given that council housing/housing association property is nigh on impossible to obtain for many and the private rental sector is expensive and insecure, UK housing need to offer something that fits somewhere inbetween the two.

What should be offered are the same range of property offered by councils but at a fair rent (ie: inbetween typical social housing rents and private rents) but with secure tenancies. So long as the tenants stick to the rules.

Rather than individual landlords, such properties would be owned by pension funds and the management of the homes done by 'property managers'. Rent would go up no more than the rate of annual inflation. I'm thinking of a similar model to private renting in Germany.

Tenants would be workers/on a stable income stream, families who may prefer to rent near schools with the fear of getting served notice to quit at a whim and pensioners too.

It may enforce a degree of competitiveness within the private rental sector.

As an Idealist I'm sure will you all pick holes in my idea! :P Fire away.

Why would a pension fund want to invest is such a scheme, when better returns are available?

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sounds remarkably similar to what we have now...

Interest only mortgages packaged up and sold to the pension funds are simply a 25 year secure tenancy with an option to purchase with a large final bubble payment at the end.

Got some repayment ones in there too, so there is also the more advanced fractional ownership model in play too.

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Shared ownership, despite the name sounding like some half baked madoff type timeshare con, i guess at least gives you security of tenure and you can use housing benefit to pay the rest of the rent.

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Pensions thus pensioners profiteering from rents is pretty much what we have now, though without the huge bureaucracy of a corporation in the middle.

Land could be given to people on a life time lease to build a house on, but then this would clear most the non jobs for the parasite middle class of Britain who make a living off unaffordable housing.

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Given that council housing/housing association property is nigh on impossible to obtain for many and the private rental sector is expensive and insecure, UK housing need to offer something that fits somewhere inbetween the two.

What should be offered are the same range of property offered by councils but at a fair rent (ie: inbetween typical social housing rents and private rents) but with secure tenancies. So long as the tenants stick to the rules.

Rather than individual landlords, such properties would be owned by pension funds and the management of the homes done by 'property managers'. Rent would go up no more than the rate of annual inflation. I'm thinking of a similar model to private renting in Germany.

Tenants would be workers/on a stable income stream, families who may prefer to rent near schools with the fear of getting served notice to quit at a whim and pensioners too.

It may enforce a degree of competitiveness within the private rental sector.

As an Idealist I'm sure will you all pick holes in my idea! :P Fire away.

sure ,good idea.

lets allocate all those in need to a central pool...and those landlords in need of tenants also to same central pool.

then we just play lottery.

..or i suppose you could do www.bidslave.com.

..so you bid for the right of abode for a certain duration for a certain price/sevices rendered.

(like ebay but for property pimps)

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Haven't you been listening? This scheme is very topical, with some of the big pension providers looking to build-to-rent.

Whilst the rents will be at market values, this should be a win-win. For the funds, a secure long-term income stream. For the tenants, a professional landlord who isn't going to boot you out on a whim, and who has a reputation to protect. And economies of scale, with the landlords able to employ a regular team to manage the properties and ensure smooth running.

One day someone will do for the rental market what Premier Inns have done for hotels: a widely-available brand offering decent and reliable quality at a reasonable price.

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Haven't you been listening? This scheme is very topical, with some of the big pension providers looking to build-to-rent.

Sounds right for Britain more corporations walking in and getting planning permission for 10s of thousands of houses whilst the average man in the street stand no f'en chance unless he is willing to pay 100K+ for 0.1 of an acre.

Edited by Corruption

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There was a deliberate policy under Labour to push up rents in social housing - to market levels. The idea of reasonable housing costs is an anathema to portfolio loaded politicos and hangers on.

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