Quote Originally Posted by pipster View Post
The housing association model is a better way - you own half - they own half. Damage the property wilfully - and you're out. Housing association help with big repairs etc. If the person decides to move out - Im not sure if the housing association buys them out or what.
Interesting to see what happens with council flats going up on the site where the council demolished the community centre. 81 flats going in there.
I saw a news piece a few years back about a scheme where the value of a new build dwelling would forever be linked at a low multiplier to the local median wage. If the area became more prosperous then you could make a modest return but otherwise you were buying the house to live in and not to make obscene amounts of money. The people being shown around couldn't get their head around how it was so cheap, I dont think they quite got it and thought they had won the lottery.

This is what the state should be building but no prizes for guessing why it didn't take off.