| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Families forced out of London | |
| Posted by: | Andy Pike | |
| Date/Time: | 30/04/15 22:41:00 |
| but Sue it did deplete the numbers of available social housing as once they were sold they were lost from the lettable stock. what happened was that they were then sold on either to the secondary sales market for those looking to buy a reasonably priced property or to those building a relatively cheap letting portfolio like we have on Alton where single family units have now become multi let student accommodation. It was the discounts that were hugely over generous. properties valued at £30k in the 80's were being sold for 10 or 12 k after discount. yes it gave long term tenants the opportunity fr home ownership but then what happened. A neighbour of mine on the Ashburton could not afford to buy so her grandson put up the money and then charged nan rent to live there. when nan died he cashed in massively at resale and sold it. had nan still been paying rent to the Council that property would have been available just 3 years ago for re letting. during my time at the council i met hundreds of people who had done the same. not sure how long your friends stayed in their property after they bought it and if they sold on maybe they could have sold to a Mr Gow or others similar. not knowingly of course but thats how owners got multiple properties. |