Quote Originally Posted by cyril evans awaydays View Post
Pleased for you Nels.

My parents bought their council house. My Mum, after my Dad's death took one of those equity release loans such that the 30 year gap between their passing is such that the sharks at 8% compound interest they basically own her house. So instead of the house going to a needy family in a fairly deprived valley it ends up as some equity gain for a smart arse in the Home Counties.
Or if the case for being prosaic is ventured no sales of council housing allows an elderly person to stay in their council home until their death and then its returned to the council .....to be allocated to the next person in housing need

Because if a person is allocated a council house its usually because they are unable to afford to buy a property

It then becomes perverse when that said property is bought ...and one person , by default has a dwelling which can be used for financial gain ...simply because they were allocated a rented council property ...and dai jones , with low income and two kids has to pay huge rents to a private landlord ......because all these council houses ? .....well they have been sold

And so the circle keeps spinning