31-01-2005, 22:11
|
#35
|
|
Senior Member+
Join Date: Dec 2004
Location: On the border
Posts: 2,160
Liked: 0 times
Rep Power: 2287
|
Re: And another thing...
Quote:
|
So the council is going to give them away FREE to a private housing association which will have, at some stage to make a profit. Which means that at some stage the rents on these properties will start to increase year on year, with the benefits going to the housing associations backers.
|
Sorry I omitted the first part of your post, 3600 council houses in hyndburn.....WOW did'nt think there were so many.
Now on to the other bit. The "private housing association" will be as a "TRUST" and as such should, and will not make a profit that can be shared amongst stake holders, if it is a "Trust" then any or all profits should be re-invested in the properties. Think thats how its supposed to work
__________________
Anyone who has never made a mistake has never tried anything new.
Albert Einstein.
|
|
|