Sunday, October 2, 2011

Going cheap!

David Cameron in pledge to boost 'right to buy' scheme

"He will announce proposals to increase discounts offered to tenants in England who want to buy their council house". "The government's aim is to build one new home - to be let at up to 80% of the market rent - for each property sold". (Watch for other gimmicks at the conference).

Posted by alan @ 08:42 AM (1113 views)
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3 thoughts on “Going cheap!

  • Fine, but make sure the tenants end up buying them, and not tenants’ relatives – existing home owners who benefit from a cheap route to buy-to-let and make rental profits from the very people who ought to be helped. It happens.

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  • A proportion of market rent? Why? Why not a proportion of the average wage?

    Oh yes, coz the former won’t affect private rents too much, while the latter is a socialist policy solely aimed at helping the ordinary person, not the (hard working) rentier class (which is providing a vital service to the economy).

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  • Gimmick or not, at least housing is back on the agenda after a 20 year absence.

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