Quote:
Originally Posted by jambutty
My one bedroom ground floor flat with a garden at the back costs just £59.47 per week. In 10 years my flat will earn TVH £29,735. It is unlikely that any of that money will be spent on my flat because it was recently re-furbished to modern standards that should last at least 10 years. Using my flat as a yardstick for all 8,000 properties, in ten years the rent income would be £237,880,000, which is more than enough to repay the loan and have a lot left over to finance the next 10 years. Now do the maths for the average rent of $70.
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I'd be intersted in knowing how many tenants of council (social) housing , are actually paying fair market rents out of their own pockets , without recieving any support from social services/Govt.benefits/ or other forms of support not available to the general population .
note. not aimed at old folks/pensioners........totally agree they should be in smaller units ....freeing up existing housing space for young families
