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Do you want to discuss boring politics? (37 Viewers)

Maybe he plans to channel the money in to u turn prevention, and affliction very close to his heart.
 
It's a shame it's only now rather than 1, 2, 5, 10, 13 years ago these sorts of questions are being asked. We really have a completely useless media.

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She has also with no sense of irony complained at headteachers not returning their homework on time to the DfE.
 
🤦‍♂️
It doesn't seem to have been an issue in this instance, but I didn't realise until recently that Cameron relaxed investment controls on local authorities, so councils have been making risky investments in a desperate attempt to generate income for services, and it going badly wrong.
 
It doesn't seem to have been an issue in this instance, but I didn't realise until recently that Cameron relaxed investment controls on local authorities, so councils have been making risky investments in a desperate attempt to generate income for services, and it going badly wrong.

Risky investments, I’m not sure what you mean NW…




It’s ridiculous really, by all means maximise your return on monies held but shouldn’t be anything riskier than high interest accounts, low risk investment bonds/shares etc. And people wonder why others don’t want to give more to government and local authorities. Utter shitshow

Ps you’d have thought one of the best ways to get a return would be build more social/affordable housing to rent at discounted rates. A win win. Saying looking at the cost control of most their projects, maybe not
 
Risky investments, I’m not sure what you mean NW…




It’s ridiculous really, by all means maximise your return on monies held but shouldn’t be anything riskier than high interest accounts, low risk investment bonds/shares etc. And people wonder why others don’t want to give more to government and local authorities. Utter shitshow

Ps you’d have thought one of the best ways to get a return would be build more social/affordable housing to rent at discounted rates. A win win. Saying looking at the cost control of most their projects, maybe not

Its mental that we seem to have blocked councils off from the most obvious income source (build to social rent) and have got them playing stock market games like a member of r/wallstreetbets

I don’t understand the issue with government being slow and boring and dependable. It’s one USP is it exists beyond human lifespan and can make bets on such a scale for the populous as a whole.
 
Its mental that we seem to have blocked councils off from the most obvious income source (build to social rent) and have got them playing stock market games like a member of r/wallstreetbets
Wasn't the main reason Coventry City Council sold all of its homes to Whitefriars for £1 was that it could no longer afford the cost of repairs and maintenance?
 
Its mental that we seem to have blocked councils off from the most obvious income source (build to social rent) and have got them playing stock market games like a member of r/wallstreetbets

I don’t understand the issue with government being slow and boring and dependable. It’s one USP is it exists beyond human lifespan and can make bets on such a scale for the populous as a whole.
It shouldn't be hard, should it, to fund local government to do the minimum needed, and then add a top up for each authority to do whatever it thinks might benefit its community
 
It shouldn't be hard, should it, to fund local government to do the minimum needed, and then add a top up for each authority to do whatever it thinks might benefit its community

It’s basically a big fat landlord owning commercial and residential property at scale across the area. The idea it should’ve schatting for cash seem ridiculous TBH
 
Wasn't the main reason Coventry City Council sold all of its homes to Whitefriars for £1 was that it could no longer afford the cost of repairs and maintenance?

🤷🏻‍♂️

But why can Whitefriars? Selling land as a council is dumb af.
 
Risky investments, I’m not sure what you mean NW…




It’s ridiculous really, by all means maximise your return on monies held but shouldn’t be anything riskier than high interest accounts, low risk investment bonds/shares etc. And people wonder why others don’t want to give more to government and local authorities. Utter shitshow

Ps you’d have thought one of the best ways to get a return would be build more social/affordable housing to rent at discounted rates. A win win. Saying looking at the cost control of most their projects, maybe not
Isn't this what central govt is doing with people's investment,basically taking 5% of their pension pot so it's invested in riskier home based projects, can't see it stopping there with creep up to potential 20%
 
As far as I can remember Whitefriars qualified for a one-off government grant?

Such a short term strategy. Pay a private company to take an asset that will only ever appreciate in value off you to cover short term cash flow. When you print cash.
 
Such a short term strategy. Pay a private company to take an asset that will only ever appreciate in value off you to cover short term cash flow. When you print cash.

Almost like it’s been done by design…
 


But why can Whitefriars? Selling land as a council is dumb af.
Councils were banned from using the proceeds of sales under the right to buy to build replacement properties, I think the stock transfer was a way of getting around it as the RSL like Whitefriars could raise money through other means. I can't quite remember the detail.

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Councils were banned from using the proceeds of sales under the right to buy to build replacement properties, I think the stock transfer was a way of getting around it as the RSL like Whitefriars could raise money through other means. I can't quite remember the detail.

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That’s bizarre. Didn’t realise that. What was the reasoning for not allowing replacements to be built ?
 
I think you can guess!

I feared the worst but just googled. I think councils were freed up from ‘having’ to use funds to rebuild social housing….probably blew it down Grosvenor Casino instead by the sound of it


Edit - ‘Council homes sold under Right To Buy tend to end up in the hands of private landlords, with an estimated 40 per cent of all those sold under the scheme now rented out for profit.’ - I hope they mean indirectly ie subsequently sold on. I would make any social housing sold on under such schemes ‘unrentable’ for X years and/or have some sort of payback to gov/local authority if sold within certain period
 
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I feared the worst but just googled. I think councils were freed up from ‘having’ to use funds to rebuild social housing….probably blew it down Grosvenor Casino instead by the sound of it


Edit - ‘Council homes sold under Right To Buy tend to end up in the hands of private landlords, with an estimated 40 per cent of all those sold under the scheme now rented out for profit.’ - I hope they mean indirectly ie subsequently sold on. I would make any social housing sold on under such schemes ‘unrentable’ for X years and/or have some sort of payback to gov/local authority if sold within certain period

Thing is if you’ve (with all due respect to the relevant communities) lived in a shithole for years and someone hands you a wedge of equity. The first thing you’ll want to do is probably leave said shithole. Which makes you wonder why not just hand FTBs a fat deposit at this rate?
 
Thing is if you’ve (with all due respect to the relevant communities) lived in a shithole for years and someone hands you a wedge of equity. The first thing you’ll want to do is probably leave said shithole. Which makes you wonder why not just hand FTBs a fat deposit at this rate?
As ever it's don't blame the individual for exploiting it, blame the policy.
 
I think there’s got to be something that can equalise private and social rent history, take it into account for credit worthiness, and provide a foot onto home ownership for those people that doesn’t bankrupt councils or inflate house prices massively or benefit quick Buck landlords.
 
Buy to let mortgages should never ever have been permitted imo. What sane government removes security of tenure for tenants and places it in the hands of the money markets? Labour are as guilty of this as the Tories were btw.

Makes a whole bunch of people think they’re Warren Buffet though and vote Tory.
 

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