Jan the old one wrote:I wondered why my new rent had reduced by One Pound a week, I think I would be happier if it increased by five pounds a week so people could stay in the area where they have lived all their lives, raised a family , worked all their lives, had the same doctor surgery, had treatment at the same hospital, all friends and familiar places...And lastly not least an Area where they have loved and lost, an Area where they belong and Love.
Sorry got carried away there!
sjac wrote:If it was sold at market rates then fine, this money can be used to develop further housing, but shouldn't the full value be retained by the council/HA and not gifted to the tenant?
Gavin Smith wrote:I wonder whether the contra argument is that - in an ideal word, where of course tenants want to stay in their homes and NOT being greedy to make a quick buck (which sadly there is a lot of) - there is in fact a saving to the council/HA in terms of tenancy management issues and the fact that other than the RTB there will be no further subsidy of the resident of that property. If one calculates the difference between market rent and social rent over, say, 10 years, the RTB discount will paid for itself (and more) over those ten years. The example I have in mind is, for example, a one bedroom flat in Devon Mansions on a social rent of £400 per month and a similar privately rented flat in the same building of £1,400 or £1,500 per month.
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