To not understand how social housing is subsidised?

[Lighthouseturquoise]

I live in a housing association rented house.

My rent is £420 pcm, the house is valued at around £120,000. The house was built 15 years ago and was worth nowhere near £120,000 at that time and I doubt it cost near that to build.

I've lived here for 10 years so I've paid around £50,000 in rent. If I lived here for 25 years I'd have more than paid for the value of the house. Over 50 years the rent will have doubled the cost of the house.

In what way are these properties subsidised?

You said all social housing tenants would be paying market rent from next year as per something announced in the summer 15 budget. Don't back track, just explain what you mean.

The finance director is on the board of directors you have a weird set up.

And it's nothing to do with "how your sector works" if you're working for a HA then we are the same sector.

This thread is actually making me laugh now ...

I can absolutely guarantee most on this thread would be up in arms if social housing disappeared tomorrow.

Its not perfect but its pretty damn good over here and it undoubtedly helps so many vulnerable people.

Not in all directors in large HA sit on the board of directors.

No, I did not say anything if the sort Three And I haven't backed tracked at all! I never said the finiance of director wasn't on the board,! I explained our set up!

I don't see any I ur set up as weird either, it works, we are highly sussessful HA! Our rating shows this.

I said most full paying tenants who are not in receit of benefit will be paying market rent as of this year, in April 2017 it will affect those even on a income of under £16000pa with a rent increase of around £1100 pa under pay to stay. Of course with this there will be massive issues, just like the governments wondefuknidea of universal credit

Pay to stay is for council not ha tenants.

Savells have just done a report on this in August actually, the reports they have done has shown people are getting rent increases of £100pcm on what we consider low incomes.

And now, yes they are, our set up is a mix, without giving away to much we are invetween Council and HA currently. We are merging.

So after all this back and forth you're talking about pay to stay? Why didn't you say that?

Lots of HAs have G1/V1 ratings. I am certainly aware of some high rated horror stories as you would be. So excuse me if i don't put too much importance on that....

Jamie are you a TMO/ stick transfer merging into a HA? You won't know much about how HAs work then, it's quite different.

No I wasn't talking about pay to stay!

Stock transfer not stick transfer

So what are you talking about? You can't just increase social tenants rent, it's legislated.

So unless you can identify the legislation which is allowing you to increase social rents to market rent then I honestly think you've misunderstood.

No we are currently a HA! Have been for serveral years, with over 40,000 houses, currently merging with a council with over XXXXX properties.

We currently have over 10,000 market rent properties.

So what are you referring to? Because you can't just increase the amount of social rent you charge to social housing tenants. It's legislated. So unless you can pinpoint the legislation which is allowing you to change social tents I think you've misunderstood

I haven't misunderstood Three, unless I tell you who I work for (which I am not going to do not worth my career) then I cannot divulge how we are doing this, however I can guarantee you it's legal, and others are'doing it, it's based on household income.

How can you merge with a council?

None of the G15 are doing this. Your tenants in your social housing tenures can not have their rent increased as you describe. It's in the housing act (1984 I think...)

I'm bored now, i can't be arsed to talk shop.

Three, you carry on thinking you know everything, and misquoting what I've said, il talk shop on Monday in the office.

Your posts:

"Your old school Three, because as of this year most HA and Councils tenants who are not in receit of benefits will be paying full market value on them properties!"

"I can assure you this is the case! My HA is doing it now, our full paying tenants are paying upto £200 more in rent pcm!"

"I said most full paying tenants who are not in receit of benefit will be paying market rent as of this year, in April 2017 it will affect those even on a income of under £16000pa with a rent increase of around £1100 pa under pay to stay. Of course with this there will be massive issues, just like the governments wondefuknidea of universal credit "

Why won't you explain why you believe most social housing tenants will be charged market rent, and under what initiative or legislation your company is doing it under?!

You're telling social housing posters on here they might need to start paying market rent for the houses but won't explain why.

The govt have told the housebuilders they will buy any unsold new houses they build, at market price, to rent.
This could be a deal changer.
The target is 300k new homes pa.
Is this the new social housing?
Whats not to like?
New housing for rent, good quality, on new developments, integrated with existing owners.
As ever, the devil will be in the detail, but surely the govt as landlord will provide stability of tenure and repairs as opposed to the whim of amateur landlords.
This should be a game changer for the rental and the property market in general.

Private let/rent here is for A 2 bed £475 pcm
For ha or council is £430 so not the hugely different

In many parts of the country the difference between Social and private rents in minimal ,so can anyone please explain why Private landlords are greedy buggers supposedly making a substantial profit whilst having their mortgages paid by tenants yet social tenants are being supposedly subsidised by their landlords ?

Social Landlords own many thousands of properties thus making the building and running costs significantly lower than for a private landlord yet popular opinion appears to be that their tenants are somehow being subsidised .
On the other hand greedy Private landlords are supposedly raking in vast amounts of profit when there is often only minimal difference in rents...........

Sounds like a case of double standards to me .

If there are better houses out there for a similar cost, then that simply means you have more to chose from?

mrsjamiefraser ...Your old school Three, because as of this year most HA and Councils tenants who are not in receit of benefits will be paying full market value on them properties!

The public sector are still waiting in full regulations for pay to stay, but what is known is that it will be tapered and dependent on how much the household earn.

I also read on this thread that council housing rent goes up each year automatically. Untrue. In fact for the next four years social housing rent goes down by 1% for each tenant. Government ploy to lower the welfare bill. That 1% is nothing for the tenant, but at least it's not going up. It's there to lower how much is paid out in Housing benefit.

That 1% across an authority of properties is significant and has an impact on services to tenants.

I hate the way this kind of thread develops with one poster claiming to 'know' everything and nobody else is allowed to join the debate. Your bullying. self righteous posts, Three bed, don't do the debate any favours.
Thank you to the intelligent, aware posters for trying to bring some much needed background information to the discussion.