The Times and Daily Telegraph have a story today – the latest hare-brained idea of the tyrannical despot called Iain Duncan Smith.
If you have worked for a year you get your council or housing association property given to you for nothing!!
The plan is outlined here in an article in 24Dash:
Iain Duncan Smith is keen for the party to include a pledge in its election manifesto to give people who have managed to stay in work for a year a free council or housing association home. As part of the deal, the recipient would no longer be allowed to claim housing benefit, and would have to pay out 35% of the proceeds if the house was sold within three years of the handover.
The rationale it then says is this:
According to Tory thinkers, money generated by the policy would be used to build new homes, while the cash saved on housing benefit would outweigh any other concerns.
Ok, leaving aside ‘according to Tory Thinkers’ – if ever an oxymoron in itself – what would this mean?
Take the Smiths, Wayne and Waynetta Smith who live with their 4 children in a council house in London. They pay rent of £130 per week and the property is worth £500,000. They get £500 per week in benefits and housing benefit because of the cap and that is shortly to reduce to £440 per week should the Tories not be voted out in May
Wayne and Waynetta approach a bank to say advance us £25,000 and in year one they sign off completely and receive not a penny in benefits. They then ask for £7k per year for each of the next 3 years to cover the HB they have lost but they sign back on to receive welfare benefits. They put up the property as collateral.
The bank says ok we will give you £50k – £4k more than they asked for on day 1 and charge you 25% interest per year. After 4 years the bank are owed £122k by Wayne and Waynetta and the house is now worth £600k. So the bank force the sale of the house and get their money and Wayne and Waynetta are still left with nearly £400k in their pocket
OK I now that is a bit far-fetched as the bank would charge more than 25% being totally greedy bastards!
Note too the same principle works in depressed low rent areas ‘oop North.’
Result is NO SOCIAL HOUSING IN THE UK AT ALL WITHIN FOUR YEARS – IDS HAS KILLED IT OFF
But where are the old the sick the disabled and the supported going to live? Well it just so happens the banks and their friends have bought a lot of ex social housing properties which they lease back to councils en masse at 5 times the rent they were charging four years before and the Housing Benefit bill goes from today’s £24 billion per year to about £100 billion per year
AND of course the private sector gets their hands on and now owns a further 4 million plus properties and can charge what they like for them and can do whatever the hell they like to their tenants as they have no security and there is no regulation of the Private Sector landlord at all.
Apologies reader I have drafted this in about ten minutes and not the most articulate piece I have ever written I admit. Although that is 9 minutes and 59 seconds more thought than this IDS plan.
Still, as an electoral bribe it is a huge one and a no-brainer for any social tenant. Take it up and you will be fine and fuck your neighbour and anybody else- and yes I am being serious here. Why wouldn’t you take up such an offer you would be a bloody idiot not to take up such an offer!
Will it happen? Not in a million years as the one seconds worth of thought IDS has put into this is evident. Housing Associations are mostly registered charities and cannot simply give away assets as IDS wants them too – and that will be one of hundreds of reasons why this fairy tale from the deluded tyrannical despotic mind of IDS will not happen.
It is no more than a publicity stunt to buy votes and nothing more. Vote for us Wayne and Waynetta and in four years we will give you £400k is the dangled carrot pre elections that never materialises after the election.
Finally, and I really DO need to hammer this point down the throats of the incompetent spineless ‘great and good’ of social housing – Do you still believe I was being ‘political’ when I have constantly stated this coalition is out to destroy the social housing model?
Will you finally get off your lazy arses and challenge the coalition? Do you still believe you have ‘done all you can’ and so many other similar bullshit phrases you have churned out over the past few years?
Just as in the not so far-fetched example above it is YOU who own the properties and it is YOU who hold the negotiating advantage in any dealings with government over funding and finances and policy. It is time you realised that and used that latent power as you hold the aces. Yet you never have before and I doubt you ever will despite you having what the government wants and demands in the housing stock itself.
So please stop calling this the ‘daftest policy’ you have ever heard. Stop saying you are speechless at this etc, and grow a set of balls and tell IDS and this government (and the next government and the one after that) to go f**k themselves and to start dealing on your terms.