Comment on: Tenants show appetite for right to buy
I am at odds with the headline and the apparent rise in the discount under the RTB scheme. I suspect this is also at odds with the economic forecast which show slow housing market and rise in interest rate. How then are these handful of tenants able to afford high deposits and defy the economic outlook?
The discount is simply misleading since tenants would have to wait five or six years to qualify for RTB (35%) and then entitled to 1% discount for each subsequent years until the maximum is achieved which would take for ever and a day. I suspect this initiative is simply going the way of what Shelly Porter did to Wesminster, in divising boundaries and communities between the one's that can afford to exercise the RTB usually in decent parts of town, and leave the rest to decay.
You will note with interest that sales have slumped to 4,ooo from over 162,ooo sales in the heyday of 1982/3. The government projects some 25,ooo sales by 2015 from the above account I think this again is wishful thinking.
We need radical and sustainable RTB policy that addresses needs
and offers real choice to people in order to create socially viable communities with decent housing for all.
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