Author Topic: 'Right To Buy' Vote-Catching Gifts No For All!  (Read 2243 times)

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Offline Morsey

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'Right To Buy' Vote-Catching Gifts No For All!
« on: April 04, 2012, 09:57:06 AM »
My goodness, do people realise that when Thatcher's crowd decided to use this 'Right To Buy' scheme in the first place, she was not only buying votes from those tenants who could afford to buy, but gifting them thousands compared to we poor unfortunate individuals who had to find deposits to buy a home on the private market?

Of course they did! Very few who bought their council property made a loss out of the deal over the rest of us in the private housing market, they made an absolute killing!

Selling off properties at huge discounts then, maybe paying just a few grand, then they pass the selling period covenant and sell them into the private market for a massive profit.

Just check the homes for sale lists to see that 'Right To Buy' tenants have made more money from these deals than they are likely to pay in Income Tax in a lifetime! Ex-council properties can cost up to half a million ... look at the surrounding villages, and what were they sold off for ... peanuts ... corrupt in the extreme!

I can't understand how it can be 'gifted' even further to tenants ... the rest of us have been well and truly shafted by Tory vote catching schemes.



Offline Muggins

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #1 on: April 04, 2012, 10:19:41 AM »
"do people realise that when Thatcher's crowd decided to use this 'Right To Buy' scheme in the first place, she was not only buying votes from those tenants who could afford to buy"

We exercised our right to buy after paying rent for 17 years. We didn't vote tory and I'm pretty sure tht neither did many who bought.   So if she did that to catch votes, she made a bad mistake. 
Oi! Listen mush. Old eyes, remember? I’ve been around the block a few times. More than a few. They’ve knocked down the blocks I’ve been around and rebuilt them as bigger blocks. Super blocks. And I’ve been round them as well.  The Doctor (Night Terrors)

Offline Terry Reynolds

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #2 on: April 04, 2012, 10:24:59 AM »
this must be one of the views that show how people think, It is said that this was a tory vote winner, but, as has been pointed out, many labour voters took the chance to own their own homes and then sell on, if in doubt ask a certain Mr Montaut.
This shows the way people speak, to carry thier own views above all else.. :wink:

Offline Morsey

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #3 on: April 04, 2012, 10:50:38 AM »
With respect, and I am a Socialist through and through, if one analyses the combination of resultant sales of social housing stocks, in Thatcher's day (and I have a long memory) there was a defining motive in her Govermnent's policy to win the vote of people who were not generally of her ilk with regards to the' pencil cross'.

Regardless of the principle and how long the tenant was paying rent for, the scheme was ethically wrong in many ways. Plainly, and I won't enlarge upon the obvious, it drastically reduced the homes which local councils could offer to those who were in the most dire need. The discount was an odd and grossly unfair enducement to many who were not council tenants ... surely those paying rent to private landlords, where any homeless persons had to find refuge when social housing was out of their reach due to lengthening waiting lists and queue jumping, were not, regardless of how many years they rented, afforded the same lucrative deals?

I believed then, as I do now, that social housing should perhaps be temporary, unfortunately a Tory proposal, but no-one should be forced to move yet advised and assisted into the private marketplace. If a tenant can afford to buy, get into the private market and give someone else a chance. There is not such a shortage of homes in this country, but maybe re-sold ex-council properties should have been under an 'affordable housing scheme' as I believe the 'low-cost housing' appears to be?

One wonders if tenants would be so keen to buy up social housing stock if there were no enducements to grab a few grand in profit at the expense of many others?

I am sorry to be so harsh and forthright, it's not the real me writing but there is a logic in the words as history has proven with many council house buyers gaining so much for so little.

Offline Muggins

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #4 on: April 04, 2012, 11:58:30 AM »
"in her Govermnent's policy to win the vote of people who were not generally of her ilk with regards to the' pencil cross'."

None the less if that was the reason they brought in the right to buy, she was misguided, it didn't work. She had no more understanding of the working class than the present lot.

We felt no obligation whatsoever to vote Tory afterwards so we didn't!  If we had felt obligated we would probably not have bought.  The time was right for us, we could not have got a mortgage for the 'going rate' and we thought that the money from the sale would go to build new houses.  There was no question of us moving out, if we had not bought we would still have been living in the same house.  Most of those who bought in our street, stayed in it for quite a while, mostly until the children had grown up.

As it happens it looks like most that are up for sale now are either providing very low cost housing for private buyers or are going to housing associations.

No one made a vast quick profit on them, as they are harder to sell than those on private housing.

A Labour Government were the first one's to allow the sale of council housing.
Oi! Listen mush. Old eyes, remember? I’ve been around the block a few times. More than a few. They’ve knocked down the blocks I’ve been around and rebuilt them as bigger blocks. Super blocks. And I’ve been round them as well.  The Doctor (Night Terrors)

Offline Martin Wicks

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #5 on: April 04, 2012, 06:27:23 PM »
I think your wrong on the last point Muggins. Macmillan introduced the right to buy, I think in 1952. But, of course in those days most workers only earned a few quid a week. There were no more than 3,000 a year sold up until 1964.

Still it would be good to see Labour dump this piece of Thatcherite baggage and oppose selling off Council housing.

The current government is talking about 'one for one replacement' - building one to replace the one sold. However, Councils will have to agree that they will spend no more than 30% of the receipt for a sale on building. The government has admitted that in some areas Councils will not be able to afford to build replacements, but I understand they are proposing to steal some of the receipts into a central pot, to build houses elsewhere. So they are accepting that there will be a reduction in 'social housing' in some areas.

Of course, even if there was one for one replacement that would mean that the rising waiting lists numbers would continue to rise. What does Mr Bluh and his crowd propose to do to tackle the housing waiting list here? Answers on a postcard please. Any Tory councillors who read TS have the opportunity to explain what they suggest.

Offline Muggins

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #6 on: April 04, 2012, 06:41:08 PM »
No definitely later than that - In the early 70's I was working in Gorsehill with a woman who had been the first to buy her council house - that was under the Labour thing.  She managed to get that in before Labour withdrew - it, at least in Swindon they did, Des will know better than me.  We bought ours in 1984 and the right to by thing had been brought back in by Maggie and councils I think were not given any choice this time or there had been a change of councillors.  And I think that was the rate capped days.

Of course, I could be confusing what SBC did rather than the government, but I think we might have bought sooner if we were able.  I think it was the 70's we had tried to buy one of the £25 down specially built over Covingham and Eldene, but we just didn't have enough coming in, well I think we had enough coming in, but too much going out already. By the 80's we were better off and less going out and the time was right for us - but we still could not have bought anything else.  I am of a nervous bent, so wanted to be secure in my home.  After all I thought some later government in the future might want to get us out!   :wink:
Oi! Listen mush. Old eyes, remember? I’ve been around the block a few times. More than a few. They’ve knocked down the blocks I’ve been around and rebuilt them as bigger blocks. Super blocks. And I’ve been round them as well.  The Doctor (Night Terrors)

Offline Des Moffatt

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #7 on: April 04, 2012, 07:07:08 PM »
There are other things I should be doing but here goes.
It was and is the irrational discounts that Thatcher introduced for the right to buy that was fundamentally unfair, unfair to the collective tax payer, unfair to the remaining tenants and unfair to anyone else who had been refused a Council let on the grounds of their economic strength or in my case, did not qualify for Council property not being London overspill or indigenous in 1961.  Yes, Swindon always sold some Council property to sitting tenants at 90% of market value except where there was a strategic reason not too, such as the railway village.
There should never have been a situation where the discount against the market value was greater than all the rent ever paid on the property by the tenant but that was and remains exactly the situation. Takes a bit of assimilating that, do the maths before you start to question it.
Home ownership is a perfectly good ambition and it is OK for society to assist.
At 10% discount it is a helping hand, at 60% discount it is a hand out. You would not have got 60% Muggings, that came later.

Offline Steve Wakefield

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #8 on: April 04, 2012, 08:09:35 PM »
Thatchers Boom was built on the back of privatisation telephones 1984  gas 1986, water 1989. The sale of council properties to their tenants was sluggish between 1980 and 1983 after the 1983 election it really took off and by 1987 over 1 million had been sold. During that period I think  the sell off raised about £18 billion, which I think was more than the oyher privatisations had raised. Electric came in 1990 and Railways later. In total it is claimed that all privatisations raised some £28 Billion the sale of housing is likely to have surpassed that figure.

It was no economic whiz, it was the wheeze of selling  assets that funded the Thatcher boom.
All posts on this forum are my own opinion and do not represent the views of any council or any political party.  :banana:

Offline Richard Beale

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #9 on: April 04, 2012, 08:31:37 PM »
Or what you do is you rent privately (or live with mum and dad) while a tory/capitalism fueled housing boom massively over inflates housing prices....

... sit tight until the bottom falls out of the housing market in the envitable economic crash and buy up one of the resulting repossessions...

Either way its a massive discount :fish: .Worked for me  :wink:. Personally I think its an extremely sad state of affairs when the only way honest hardworking young people can afford a house at reasonable expense is to profit from others financial misfortune.

Offline Muggins

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Re: 'Right To Buy' Vote-Catching Gifts No For All!
« Reply #10 on: April 05, 2012, 08:35:30 AM »
Des, we had a 45% discount,  I think it was valued at £15,900 (all laugh) and we paid £8,500 ish.  Can't rememer what rent we week paying about £17 at the time I think. 

I look at it this way, the council haven't had to pay for repairs or updates since.  Mr Muggins worked (hard and long) all his life, paid all his dues, never had any handouts. He now has something to show for it.
Oi! Listen mush. Old eyes, remember? I’ve been around the block a few times. More than a few. They’ve knocked down the blocks I’ve been around and rebuilt them as bigger blocks. Super blocks. And I’ve been round them as well.  The Doctor (Night Terrors)