Cyclone Posted March 20, 2012 Share Posted March 20, 2012 Other factors need to be taken into consideration. Many who bought their counci houssl couldn't afford the deposit for a mortgage on a private property after paying rent. Mortgages were not as easy to get in the 1970s when only a mans wage was taken into consideration and only 2.5 times his salary was offered. By selling council houses it relieved the council of the expense of maintainining and modernising these sold houses. It relieved them of the burden of subsidising and collecting rents. Many of the houses had already been paid for in relation to building costs. But the main very astute difference is that a tenant who bought their home is liable to have to use the value of their home(anything over £23,000) to pay for care costs. The revenue collected from the sales should have been invested in new council housing. That's a relatively recent change, it wasn't the case when the RTB was introduced. Link to comment Share on other sites More sharing options...
Cyclone Posted March 20, 2012 Share Posted March 20, 2012 How many people end up having to pay "care costs" though? I don't know, but the numbers are increasing (as a %). Link to comment Share on other sites More sharing options...
harvey19 Posted March 20, 2012 Share Posted March 20, 2012 How many people end up having to pay "care costs" though? Legally the council can claim the costs from any savings or property you own above the value of £23K. It is also illegal to give away savings or property if it is viewed as avoidance to pay care fees. Link to comment Share on other sites More sharing options...
harvey19 Posted March 20, 2012 Share Posted March 20, 2012 That's a relatively recent change, it wasn't the case when the RTB was introduced. Any idea when it was introduced ? Link to comment Share on other sites More sharing options...
Cyclone Posted March 20, 2012 Share Posted March 20, 2012 Any idea when it was introduced ? Last decade I reckon, google might know exactly. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted March 20, 2012 Share Posted March 20, 2012 Legally the council can claim the costs from any savings or property you own above the value of £23K. It is also illegal to give away savings or property if it is viewed as avoidance to pay care fees. So how many people end up paying care costs? Link to comment Share on other sites More sharing options...
harvey19 Posted March 20, 2012 Share Posted March 20, 2012 Last decade I reckon, google might know exactly. Long term planning. Many years ago a colleague told me it should be everyones aim to reach 65 and be in council housing with no savings and throw yourself onto the councils paid for system. I laughed at him as I beleived we should all try to better ourselves and leave something for our children. As I get older I think he was probably right. Link to comment Share on other sites More sharing options...
harvey19 Posted March 20, 2012 Share Posted March 20, 2012 So how many people end up paying care costs? How would I know that ? Link to comment Share on other sites More sharing options...
Cyclone Posted March 20, 2012 Share Posted March 20, 2012 Long term planning. Many years ago a colleague told me it should be everyones aim to reach 65 and be in council housing with no savings and throw yourself onto the councils paid for system. I laughed at him as I beleived we should all try to better ourselves and leave something for our children. As I get older I think he was probably right. Politicians are rarely capable of planning more than 5 years ahead. Cross party planning over 30 years, I don't think it's remotely possible, looking for a conspiracy theory where none is needed I'm afraid. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted March 20, 2012 Share Posted March 20, 2012 How would I know that ? Sorry, I'd thought that you had a bit of knowledge on the scale of the problem considering you had raised it a few times. Link to comment Share on other sites More sharing options...
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