To think an annual property tax is incredibly unfair?

I lived there for 15 years. Property taxes in my town gave us a quality of life I dearly miss.

This is still nuts. The person has a lower monthly cost. There’s a reason it’s for a lower earning demographic and in high demand.

Idk how big the house is but if she feels she’s over paying it’s easier to move to private system than the opposite giving waiting lists.

The SH could be freed up if she feels she’s overpaying and private is a better deal.

So @XenoBitch ’s mum is paying a high rent, £900 per month. Chances are exceedingly good that she has in fact paid off the costs associated with building her unit, including a reasonable interest, in the 1930s.

Chances are very good she is contributing to paying off building costs for other social tenants also, because £900/mo is a lot of money relative to the capital cost of 1930s SH and the average maintenance costs I quoted above.

Well well well well well.

You talk about the US system and as the outlined in pp it’s different to what Burnham would propose. There’s no way schools will be linked to higher property tax in wealthy areas.

So @XenoBitch ’s mum is paying a high rent, £900 per month. Chances are exceedingly good that she has in fact paid off the costs associated with building her unit, including a reasonable interest, in the 1930s.

Chances are very good she is contributing to paying off building costs for other social tenants also, because £900/mo is a lot of money relative to the capital cost of 1930s SH and the average maintenance costs I quoted above.

Well well well well well.

This is still nuts. The person has a lower monthly cost. There’s a reason it’s for a lower earning demographic and in high demand.

The nations of the UK are each much smaller than the US . England is roughly the size of the largest state by population (California).

I am not advocating for any particular locus of control. Given the scale of the UK various possibilities seem workable. We need to see how this plays out.

I don't have all the figures... but we moved into the house 40 years ago. I have no idea what the rent was then as I was a kid. I remember going up to the local civic office because there was no direct debit then. I got sat in front of a massive fish tank, whilst my parents went to pay their rent.
Sorry, a bit of a derail, but bringing up memories 😊

They’re linked to local services. Is that what you’re advocating for?

Nope. For @XenoBitch ’s mum you need to know about the past costs and the past value of money.

You can work it out yourself using current figures. It costs £200k on average to build a social home.

You stated earlier that:
According to last year’s figures average SH rent is about £490 per month or £5880 per year. The average cost of maintaining a unit of SH including maintenance and repairs of the individual property, the common area and the management fees is estimated to be somewhere between £5K and £6K
So let's generously assume the tenant is paying a surplus of £500 a year towards the capital of the build so the average SH tenant will pay back the value of their property in 400 years.

I also haven't factored in the interest the government will have to take on due to having to borrow money to fund the house building.

She also hasn't paid almost £6k in rent per annum since then. It's called inflation.

I agree completely. The building costs would have been discharged long ago with the small excesses from SH rent from various tenants over nine decades, after maintenance costs.

I believe that those arguing against you have no figures to support their claim. Of course they could prove me wrong by showing us the numbers.

I lived there for 15 years. Property taxes in my town gave us a quality of life I dearly miss.

You can work it out yourself using current figures. It costs £200k on average to build a social home.

You stated earlier that:
According to last year’s figures average SH rent is about £490 per month or £5880 per year. The average cost of maintaining a unit of SH including maintenance and repairs of the individual property, the common area and the management fees is estimated to be somewhere between £5K and £6K
So let's generously assume the tenant is paying a surplus of £500 a year towards the capital of the build so the average SH tenant will pay back the value of their property in 400 years.

I also haven't factored in the interest the government will have to take on due to having to borrow money to fund the house building.

I don't want a US system. There is not much I would want to import from the US.

I agree completely. The building costs would have been discharged long ago with the small excesses from SH rent from various tenants over nine decades, after maintenance costs.

I believe that those arguing against you have no figures to support their claim. Of course they could prove me wrong by showing us the numbers.

But if she had bought it, she would have paid less in mortgage than she has now in rent.
But it is still somehow "subsidised".
Why do people keep using "oh, but your SH is subsidised" as some sort of punch down?

SH tenant on a full repairing lease here - i.e. I pay.

It's shared ownership. The house cost the HA £45,000 over 30 years ago. As above, upkeep doesn't cost them anything. I've paid more back in rent to date than they ever paid to buy it. I work. I don't receive UC. You seem to be saying it should be taken off me and I should be forced into a mortgage so a bank can make a profit. If you want to know what's wrong with the housing market, it's your logic.