Lifetime Social Housing Tenancies

As I've said a million times, it is too simplistic and not reflective of the reality of owning an asset like housing. One last time though no doubt it would make no difference to you:

Say your grandparents owned a house that they bought in the 1940s. They paid the mortgage off years ago. You inherit the house that's now worth £500,000. Your options are:

1. Sell the house and put the money you make from the sale into a bank account or into investments earning 5% plus each year. You will earn at least £25k per annum doing this; OR
2. Rent the house to a family in need. They can pay you 50% of the market rental which equates to £15k. You also now need to pay for the ongoing maintenance costs, landlords safety checks which the rent will of course cover in full with some money left over.

Are you subsidising the family in need to stay in your house or not just because the mortgage is paid and the house's ongoing costs are covered? What if you had other essential bills to pay and you were in a huge amount of debt like many councils are?

It’s the main part of the overall picture. It’s not just the running costs which are covered by rental income, it’s also the original cost. As I pointed out what feels like aeons ago a council property built in the late 40s will have had its original cost paid two or three times over through the rent that’s been paid. No free market mental gymnastics required to understand that.

Grenfell flats were sublet? Can we have a link please.

The only thing i would be able to sublet my flat as is as A FUCKING SAUNA

It's not a fact. I have explained how the SH is indeed subsidised with reference to actual economic theory. @blossomtoes has never rebutted any of this but simply just stated incessantly that it isn't subsidised in the most basic sense that the running costs are covered by rental income. This is such a small part of the overall picture but clearly this doesn't matter to you or them

@LikeWhoUsesTypewritersAnyway You haven't exactly covered yourself in glory in your posts on this thread, so yes, I agree it's best you depart. You didn't get the point (and complexities) of the central issue, despite many of us clearly explaining, and often resorted to insults, which is revealing of your character.

Yeah this. ^ The constant stream of misinformation on here to throw shade on people in social housing, and the links to misleading/innaccurate/biased information is grinding my gears now.

Some people are plain and simple envious and bitter that others have social housing, and get to keep it for life, and that's just the long and short of it. As I said, how depressing that some people want others to lose their social housing if their financial situation improves slightly. They are basically wishing hardship and financial struggling on other people. As was said earlier 'blowing out someone else's candle will not make yours burn brighter.'

Just be happy with what you have @RowsOfFlowers and this is aimed at the (few) people supporting your thread, and try to be happy for others who are comfortable and happy.

I'm out too.

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No BlossomToes' is not 'dragging the thread down.' She's simply stating a fact, (like I was,) that you are 'thanking' a poster who is posting incorrect information.

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You are indeed NOT correct. Indeed.

I have no problem with lifetime (for one person) tenancies. If you penalise people for earning - that would be madness.

However, as I said on another thread, what is equally madness is making the eligibility for social housing basically having nothing - no job and no spouse/partner, but the more children the better. The system is peverse in that it punishes couples on low (ordinary) incomes in favour of people who - let’s be honest - you probably don’t want occupying estates/flats en masse.

Furthermore we saw from Grenfell Tower and in my personal experience that masses of properties are sub-let. My cousin sub-let a flat in Bethnal Green from a man who lived abroad. They paid a relative who came round in cash. A young colleague had her own flat in a very nice street. She said that the way to get one was your mum said the stepfather was abusing you. She said loads of her friends did it. Then she just continued to live at home and sublet the flat.

You’ve added nothing worthwhile to this discussion @MyKingdomForACat But like I said the other day, derailing threads on online forums is a classic way to deflect from weak arguments. And, fyi, right wing views are just as valid as any others. We live in a democracy. Enjoy your Sunday.

Many posters including myself have told you how social housing works and the reasons why. You’ve embroiled yourself in an argument of your own making just to kick the hornet’s nest. You carry on soaking up right wing misinformation designed to stir up division and hatred. I’m out.

Pimlico Journal is a notorious right wing publication where few of its contributors have sufficient courage in their convictions to put their names to the articles they write. It’s not a credible source.

But the people who are in temporary accommodation mostly end up in social housing and your moaning about social housing.?

You have literally complained that you’re not afforded the same as someone offered lifetime tenancy (not always the case) - and yet aren’t willing to go through what it takes to (potentially) end up with one.

I’ve read your posts.
You chose the mortgage route - presumably because you wett in a position to raise the funds for a deposit - most social housing tenants could never dream of raising such funds.

And whilst you may not value communities over capitalism, others do.

If you’re so upset about your own circumstances being in the squeezed middie and council/HA tenants as a vehicle for complaint of unfairness I suggest you get yourself into social housing. I work for a local authority - happy to guide you through the process.

It was a question duck. Bless you though that you reported it ❤️

I'm out now. Honestly its been wild. Glad that lifetime tenancies are and will continue to be a thing. But you carry on being angry!

Out to get you? Come on.