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Originally Posted by the real michael
the council use the old "weve no money" as a lame excuse for their incompetance at doing a proper job...and should be replaced by fresher blood who can see whats really going on and put a stop to this madness...
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Spot on.
[The vote was 79% voted yes, 21% no] The total cost of transfer in lawyers and accountants is £3m alone. The value of the stock still left is between *£200m-£250million [not £103m - thats council crap for do as your told] though it is illegal for Councils to sell Council Houses on the open market.
*3500 houses x £70,000 = £250m approx. Around 40% of the stock has been sold so far and I would guess that was the better stock averaging £90,000 at todays prices - another £230m
Without right to buy the capital value of Hyndburn Folk's investements through the decades through their council tax would now be worth around £400m-£450m in total or around £15,000 per every household in Hyndburn.
The costs of having private sector landlords providing 40% of social housing has been very expensive. High rents [£90-100pw instead of £55 pw] often paid by the taxpayer through housing benefit, absent/irresponsible landlords, benefit dependency, anti socail behaviour, transient/rootless households with little need to care where they live or the harm they inflict.
"we've no money" is a tired lame excuse for a bunch of losers who have done the borough a great diservice. Not a single pennny from right to buy receipts has foundits way back into housing. A guesstimate of £8m, most of that in the last few years. Overcharging of central council services, ie using council houses to cross subsidise other council activities. Unwilingness to borrow given the governments relaxation on Council House borrowing.
The problem with the yes campaign was everyone was bought off. Britcliffe and his Tory cronies will get all council house debts written off £21m through the sale to Contour Housing, approximate recipt from the sale £4m [yes a pathetic £4m!] and a debt write off sweetner from the government of tax payers money to teh tune of £25m. This leaves Britcliffe with an £8m surplus to buy off as many voters as possible with his Viv "spend spend spend" Nicholson cheque. All the officers will of course get massive wage rises. They were all in it to con the public into a yes vote. At the end of the day they are promising £150m of investment [which will take a decade - no one told the public that when promising new bathrooms and kitchens] and the council £80m. But this figure is false. With RTB, greater efficiency, prudent borrowing it could have risen to £110m and should the govt give Councils voting no what they are giving those that vote yes it would have been way in excess of £150m.