Councils should buy landlords’ homes to ease housing crisis - new call

They'll make it compulsory due to the uncontrolled influx of immigrants

All part of the grand plan

What’s the point in Council wasting money buying Landlords houses.
The houses are housing people already at no cost to Council, maintaining the property, managing the property, paying the Council’s sums for every cost and extortion racket they invent, paying billions in income tax annually and treat the LL like dirt.
So they want to loose all this financial support & income, didn’t they say how they are going to fund this, Oh that’ll be the tax payers but they have it already for nowt.

The scheme announced was for houses that were going to be removed from the Council's temporary accommodation pool - it is an act of desperation! Councils do not want to own & maintain properties, particularly older houses, that's why most were sold to HAs. They certainly don't want them dotted around the borough. They need new, efficient easy to maintain properties, run by someone else.

Councils are not good at managing properties. In fact, in my experience, terrible at managing properties. There is no comparison with the way that most landlords deal very efficiently with problems that arise and the good condition in which they keep the houses.

Even if they did, they wouldn't want to pay full market value.

Talk about the desperate 🤔😱🆘. The next 5 years will be catastrophic for tenants 💀

My council had the blatant nerve to offer to buy one of my properties after the usual coercing of my tenant to ‘stay put’ and fight my possession claim. ( my tenant was advised in 2019 that I would be selling my property in 2022.) Due wholly to council intervention it took months to obtain the order and secure the bailiffs, by which time the market for sales had flattened!
On receiving the call from the councils ‘acquisitions dept’, I made it abundantly clear that no way would I sell this or any of my properties to any council, and in any event, it would most likely be sold to a responsible buyer who values personal independence and had worked consistently hard and diligently to get into a position to be able to buy it.

With many councils on the brink of bankruptcy, how will this be financed?

Councils can't manage the properties they hold at present, how will they manage more, this is the real reason they sold off what they had, some went to tenants others went to housing assocations

I wonder just how many of the Government and Councils Draconian laws and taxes will apply to the Councils.
One thing they will never have to pay, is empty property council tax, as they will never have a problem with potential tenants wanting the properties.
It will be awkward when they have to evict non paying tenants and then have to find them somewhere to live.
I somehow don’t think they’ve thought this one through.

If councils buy houses from Landlords then there will no longer be a huge amount of tax going to the government.

Private landlords and the Government are partners when it comes to rental income, with the landlord doing all the work and taking all the risks, and the state taking nearly half the money for doing nothing.

Ellie, yes the Govt gets a lot of tax directly from the LLs and also from hire of people for all the work of EPC, gas and electrical certificate and other regular maintenance work carried out on a very regular basis.

As the council do not get a lot of maintenance work done, the government will get less tax and there will not be any council tax , so less funding available for other services. This is loop they will go into and get bigger as time goes on. How long will they be able to sustain this. They will beg LLs to stay or come back. It will be too late and take years of work to resume the good PRS.

I do not believe Councils have the financial capacity to buy properties. They do not know what forecast and budgets are. The spend all the money they get from various sources or heavily invest in the stupid investments. They want to buy below market value. No LLs will want to sell to councils, if not paid market value.

It's a free country, if they want to buy up property at a fair market price to rent out like any other landlord, or build some houses of their own, then let them do so. Whether or not that's a good idea is another matter.

Councils should not offer to buy landlords homes. These parasites deserve not a single extra penny from us, their houses should be taken from them, by force if necessary, and they should be left to rot in the gutter like the disgusting, horrid rats they are.

I wonder if these properties will be run as HMOs? Council housing departments and housing associations are usually too cowardly and incompetent to run these, so they leave the whole housing type to the PRS.

And will Newham be charging itself a licensing fee for such properties? I would love to see one of its departments complaining about the ruinous cost of running HMOs and the size of the fee and how few services good landlords in return, whilst another department is forced to defend itself and say it's of course all the fault of profit-greedy private landlords that registration is needed in the first place, and if only everything was state-owned, everything would be perfect.

At least when the Chads of this world used to wear their swastikas openly they were a little less slimy

It's not a housing crisis its an immigration crisis.
Legal net migration 606k last year =5000 new homes needed every week 😮