Housing benefit cap.

Author
Discussion

SPS

1,306 posts

260 months

Friday 3rd July 2015
quotequote all
mph1977 said:
SPS said:
Really - how many do you think sold them off and those properties in many cases went into private landlord hands - get real.
do you understand how right to buy works ?
I do and did - it has changed over the decades since the first ones were sold in the 70's!!!
One of the main reasons affordable housing was introduced after WW11 (you know when everybody got stuck in instead of bleating about their "social rights") was because of the massive damage done to many of our major cities from bombing and missile attacks. The other was the baby boom after the servicemen finally came home and the country was trying to restructure it's industrial base etc.
Now that generation did indeed serve it's country with pride, stubbornness and loyalty.

mph1977

12,467 posts

168 months

Friday 3rd July 2015
quotequote all
SPS said:
mph1977 said:
SPS said:
Really - how many do you think sold them off and those properties in many cases went into private landlord hands - get real.
do you understand how right to buy works ?
I do and did - it has changed over the decades since the first ones were sold in the 70's!!!
One of the main reasons affordable housing was introduced after WW11 (you know when everybody got stuck in instead of bleating about their "social rights") was because of the massive damage done to many of our major cities from bombing and missile attacks. The other was the baby boom after the servicemen finally came home and the country was trying to restructure it's industrial base etc.
Now that generation did indeed serve it's country with pride, stubbornness and loyalty.
you've not answered the question about the direct sale of council stock to for profit landlords rather than transfers to ALMO or HAs

nor have you mentioned the restrictions on exercising right to buy nor the pre and post purchse requirements

SPS

1,306 posts

260 months

Friday 3rd July 2015
quotequote all
mph1977 said:
SPS said:
mph1977 said:
SPS said:
Really - how many do you think sold them off and those properties in many cases went into private landlord hands - get real.
do you understand how right to buy works ?
I do and did - it has changed over the decades since the first ones were sold in the 70's!!!
One of the main reasons affordable housing was introduced after WW11 (you know when everybody got stuck in instead of bleating about their "social rights") was because of the massive damage done to many of our major cities from bombing and missile attacks. The other was the baby boom after the servicemen finally came home and the country was trying to restructure it's industrial base etc.
Now that generation did indeed serve it's country with pride, stubbornness and loyalty.
you've not answered the question about the direct sale of council stock to for profit landlords rather than transfers to ALMO or HAs

nor have you mentioned the restrictions on exercising right to buy nor the pre and post purchse requirements
Can't really be arsed however I know of families/individuals who sold an ex Council property to a private landlord!
Then they purchase another, much bigger property in another area with the substantial profits (Maggie liked that).
We are not talking today as I have already stated, goes back decades. Anyway I would suggest that buying a council property today particularly in the SE would be out of the reach of many tenants.
But I have to say that you seem oblivious the salient point. While these properties still exist (with the exception of many dozens of 60's tower blocks) many are now so expensive to rent that families on the National average wage just can't afford to try and save for their own home and so many struggle just to pay the rent at all.
Then we have the absolutely crazy prices in the SE. Tell me what pushed the sales and rental prices so ridiculously high?
Oh I know "Market Forces". How many times have we been that "the markets" will eventually settle as competition starts to drive the various sectors. So it worked really well with the Utilities sell offs - The Rail Companies - Royal Mail etc, bloody great value they all are.

Negative Creep

24,981 posts

227 months

Friday 3rd July 2015
quotequote all
I'd be in treated to know how many people were killed or seriously injured at work compared to today

98elise

26,608 posts

161 months

Friday 3rd July 2015
quotequote all
SPS said:
mph1977 said:
SPS said:
mph1977 said:
SPS said:
Really - how many do you think sold them off and those properties in many cases went into private landlord hands - get real.
do you understand how right to buy works ?
I do and did - it has changed over the decades since the first ones were sold in the 70's!!!
One of the main reasons affordable housing was introduced after WW11 (you know when everybody got stuck in instead of bleating about their "social rights") was because of the massive damage done to many of our major cities from bombing and missile attacks. The other was the baby boom after the servicemen finally came home and the country was trying to restructure it's industrial base etc.
Now that generation did indeed serve it's country with pride, stubbornness and loyalty.
you've not answered the question about the direct sale of council stock to for profit landlords rather than transfers to ALMO or HAs

nor have you mentioned the restrictions on exercising right to buy nor the pre and post purchse requirements
Can't really be arsed however I know of families/individuals who sold an ex Council property to a private landlord!
Then they purchase another, much bigger property in another area with the substantial profits (Maggie liked that).
We are not talking today as I have already stated, goes back decades. Anyway I would suggest that buying a council property today particularly in the SE would be out of the reach of many tenants.
But I have to say that you seem oblivious the salient point. While these properties still exist (with the exception of many dozens of 60's tower blocks) many are now so expensive to rent that families on the National average wage just can't afford to try and save for their own home and so many struggle just to pay the rent at all.
Then we have the absolutely crazy prices in the SE. Tell me what pushed the sales and rental prices so ridiculously high?
Oh I know "Market Forces". How many times have we been that "the markets" will eventually settle as competition starts to drive the various sectors. So it worked really well with the Utilities sell offs - The Rail Companies - Royal Mail etc, bloody great value they all are.
Prices are high because of lack of building.

That said renting doesn't have to be expensive I have 4 BTL's in the south east. 3x 3 bed and 1x 2 bed. 40 minutes to london from the nearest station. All but one are let for £650 per week.

The other is currently being refurbed before going back on the market. It will be completely redecorated and have a new kitchen. It will let for about £700-750.

That house was bought on the open market for 122k 2 years ago.



Andy Zarse

10,868 posts

247 months

Friday 3rd July 2015
quotequote all
SPS said:
Can't really be arsed however I know of families/individuals who sold an ex Council property to a private landlord!
Then they purchase another, much bigger property in another area with the substantial profits (Maggie liked that).
We are not talking today as I have already stated, goes back decades. Anyway I would suggest that buying a council property today particularly in the SE would be out of the reach of many tenants.
But I have to say that you seem oblivious the salient point. While these properties still exist (with the exception of many dozens of 60's tower blocks) many are now so expensive to rent that families on the National average wage just can't afford to try and save for their own home and so many struggle just to pay the rent at all.
Then we have the absolutely crazy prices in the SE. Tell me what pushed the sales and rental prices so ridiculously high?
Oh I know "Market Forces". How many times have we been that "the markets" will eventually settle as competition starts to drive the various sectors. So it worked really well with the Utilities sell offs - The Rail Companies - Royal Mail etc, bloody great value they all are.
Jesus

Funkycoldribena

7,379 posts

154 months

Friday 3rd July 2015
quotequote all
98elise said:
Prices are high because of lack of building.

That said renting doesn't have to be expensive I have 4 BTL's in the south east. 3x 3 bed and 1x 2 bed. 40 minutes to london from the nearest station. All but one are let for £650 per week.

The other is currently being refurbed before going back on the market. It will be completely redecorated and have a new kitchen. It will let for about £700-750.

That house was bought on the open market for 122k 2 years ago.
650-750 a week isnt expensive??? What planet are you on? I don't pay that a month!

p1stonhead

25,549 posts

167 months

Friday 3rd July 2015
quotequote all
Funkycoldribena said:
98elise said:
Prices are high because of lack of building.

That said renting doesn't have to be expensive I have 4 BTL's in the south east. 3x 3 bed and 1x 2 bed. 40 minutes to london from the nearest station. All but one are let for £650 per week.

The other is currently being refurbed before going back on the market. It will be completely redecorated and have a new kitchen. It will let for about £700-750.

That house was bought on the open market for 122k 2 years ago.
650-750 a week isnt expensive??? What planet are you on? I don't pay that a month!
Id love to know where you are getting 30% yield on a £122k house 98elise..... Anywhere in the country let alone the South East!

Oakey

27,574 posts

216 months

Friday 3rd July 2015
quotequote all
98elise said:
Prices are high because of lack of building.

That said renting doesn't have to be expensive I have 4 BTL's in the south east. 3x 3 bed and 1x 2 bed. 40 minutes to london from the nearest station. All but one are let for £650 per week.

The other is currently being refurbed before going back on the market. It will be completely redecorated and have a new kitchen. It will let for about £700-750.

That house was bought on the open market for 122k 2 years ago.
Only on Pistonheads!

mondeoman

11,430 posts

266 months

Friday 3rd July 2015
quotequote all
dxg said:
I was at the annual RICS residential property convention yesterday.

....
Another interesting thought for the individual BTL investor which was mentioned by a few different speakers: interest rate rises predicted first in the States and then here in the New Year will push heavily geared individual investors out of the market. It will be interesting to see if the available stock will be sucked up by private owners or the aforementioned new corporate forms.
.....

I cant see any interest rate rises here in Europe for a few years yet...

greygoose

8,262 posts

195 months

Friday 3rd July 2015
quotequote all
Funkycoldribena said:
98elise said:
Prices are high because of lack of building.

That said renting doesn't have to be expensive I have 4 BTL's in the south east. 3x 3 bed and 1x 2 bed. 40 minutes to london from the nearest station. All but one are let for £650 per week.

The other is currently being refurbed before going back on the market. It will be completely redecorated and have a new kitchen. It will let for about £700-750.

That house was bought on the open market for 122k 2 years ago.
650-750 a week isnt expensive??? What planet are you on? I don't pay that a month!
£3000 a month on rent shows how detached from reality some of this site is.

MajorProblem

4,700 posts

164 months

Friday 3rd July 2015
quotequote all
Rightmove has tens of thousands of...

Houses to buy under £150k

Houses to rent under £600 PCM

So what's the issue?

dazwalsh

6,095 posts

141 months

Friday 3rd July 2015
quotequote all
nikaiyo2 said:
dazwalsh said:
Another "let's blame landlords for the benefits bill",

When demand for social housing vastly outstripped supply who did you think would take up the slack?

Call me what you want but I have about a 1/3 of my portfolio let to HB tenants and you wouldn't believe the demand that comes my way, councils are desperate to house people, and are trying schemes like buying back at market value what they sold off for peanuts years ago, paying bonds for tenants and even paying for the maintenance and damages if you take on some of the more troublesome folk. Rent is also paid direct to landlord.

Forget about the HB figure for a minute, I dread to think how much is being paid for temporary accommodation like B&B's etc. It really is a desperate situation.

The ONLY way to balance things is to build new houses, lots and lots of them, and to have a more stringent immigration policy as the numbers entering the uk are vast and uncontrolled.
I'd call you daft, renting to HB? Are you into S&M? is that the single most stressful way to employ capital? I would rather grate my own genitals than rent to HB again lol
It takes a different approach granted but there not all scum of the earth. Given the sheer demand I can also pick and choose the most suitable, and the houses I have HB tenants in were on ex council estates anyways so yields are stonking given the low purchase price smile

vonuber

17,868 posts

165 months

Friday 3rd July 2015
quotequote all
Maybe house prices are high because some people are renting out 4 houses at £650/week, thus not only removing four houses from sale but also gouging so much for rent per week the tenants will never be able to get a deposit together even if there was a house available.

Countdown

39,899 posts

196 months

Friday 3rd July 2015
quotequote all
greygoose said:
Funkycoldribena said:
98elise said:
Prices are high because of lack of building.

That said renting doesn't have to be expensive I have 4 BTL's in the south east. 3x 3 bed and 1x 2 bed. 40 minutes to london from the nearest station. All but one are let for £650 per week.

The other is currently being refurbed before going back on the market. It will be completely redecorated and have a new kitchen. It will let for about £700-750.

That house was bought on the open market for 122k 2 years ago.
650-750 a week isnt expensive??? What planet are you on? I don't pay that a month!
£3000 a month on rent shows how detached from reality some of this site is.
A typo methinks....

98elise

26,608 posts

161 months

Friday 3rd July 2015
quotequote all
p1stonhead said:
Funkycoldribena said:
98elise said:
Prices are high because of lack of building.

That said renting doesn't have to be expensive I have 4 BTL's in the south east. 3x 3 bed and 1x 2 bed. 40 minutes to london from the nearest station. All but one are let for £650 per week.

The other is currently being refurbed before going back on the market. It will be completely redecorated and have a new kitchen. It will let for about £700-750.

That house was bought on the open market for 122k 2 years ago.
650-750 a week isnt expensive??? What planet are you on? I don't pay that a month!
Id love to know where you are getting 30% yield on a £122k house 98elise..... Anywhere in the country let alone the South East!
Doh....I meant £650 per month.!!!!

98elise

26,608 posts

161 months

Friday 3rd July 2015
quotequote all
Countdown said:
greygoose said:
Funkycoldribena said:
98elise said:
Prices are high because of lack of building.

That said renting doesn't have to be expensive I have 4 BTL's in the south east. 3x 3 bed and 1x 2 bed. 40 minutes to london from the nearest station. All but one are let for £650 per week.

The other is currently being refurbed before going back on the market. It will be completely redecorated and have a new kitchen. It will let for about £700-750.

That house was bought on the open market for 122k 2 years ago.
650-750 a week isnt expensive??? What planet are you on? I don't pay that a month!
£3000 a month on rent shows how detached from reality some of this site is.
A typo methinks....
Yup...meant £650 per month....slow brain and fat fingers smile

anonymous-user

54 months

Friday 3rd July 2015
quotequote all
MajorProblem said:
Rightmove has tens of thousands of...

Houses to buy under £150k

Houses to rent under £600 PCM

So what's the issue?
Because some people refuse to move around the country to obtain suitable housing or employment, and think they have some kind 'right' to homes and employment exactly where they live or where they would like to live, without having to move.

It seems a peculiar way of looking at things, but believe me, plenty of these people exist.

Evolved

3,566 posts

187 months

Friday 3rd July 2015
quotequote all
Downsize the rented property, even somewhere costing half that a month (yes it won't be desirable) will net them an extra £7200 year, that and scrimp on luxuries and they'd soon have that to £10k

anonymous said:
[redacted]

eccles

13,733 posts

222 months

Friday 3rd July 2015
quotequote all
dazwalsh said:
eccles said:
dazwalsh said:
Another "let's blame landlords for the benefits bill",

Rent is also paid direct to landlord.
Those days are numbered.Universal benefit means it's up to the tennant to pay their own rent out of their benefits, and it's not been an oustanding success where it's been trialed!
That will be changed I'm sure, LHA was supposed to be the same, empowering the tenant to look after their own finances, unfortunately the temptations to book a week in magaluf rather than pay their rent was too much for some. Its in the councils best interests to pay the LL direct anyways, less evictions and any overpayments are easier to claw back from the LL rather than tenant.

I give it 6 months before direct payments are allowed again on universal credit.
I say treat benfits claimants the same as anyone else who earns a wage. If I don't pay my rent I get kicked out, why should benefits claimants be protected.
Hopefully it will make them take some responsibility for thier own lives instead of being spoon fed by the state!