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V965 Right to Buy and Right to Acquire (Abolition) Bill 2016 watch

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  • View Poll Results: Should this bill be passed into law?
    As many are of the opinion, Aye
    34.04%
    On the contrary, No
    46.81%
    Abstain
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    V965 Right to Buy and Right to Acquire (Abolition) Bill 2016, TSR Socialist Party

    Right to Buy and Right to Acquire Schemes Abolition Bill 2016
    A bill to abolish the ‘Right to Buy' and 'Right to Acquire' schemes

    BE IT ENACTED by The Queen's most Excellent Majesty, by and with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:

    1. Abolition of 'Right to Buy' and 'Right to Acquire'
    1. The right of a secure tenant to buy their property as provided in Part V, schedule 118 of the Housing Act (1985) shall be repealed.
    2. The preserved right to buy under section 171A of the Housing Act (1985) shall be repealed.
    3. The right to acquire under section 16 of the Housing Act (1996) shall be repealed.
    2. Commencement, short title and extent
    1. This Act may be cited as the Right to Buy Abolition Bill 2016
    2. This bill shall extend to the United Kingdom with the exception of Scotland; and
    3. Shall come into force immediately following Royal Assent.
    Notes
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    These schemes have compounded a housing shortage for those of low income, initiated a national house price bubble, and caused the displacement and social cleansing of traditional communities.
    Speculating investors have been able to buy up council properties through deferred transaction agreements, hastening the rise in property costs;
    Commercially and socially valuable council assets have been sold at below their market value or replacement cost
    The remaining stock of council housing is concentrated in undesirable areas with little employment opportunity, further isolating and stigmatising the tenants.

    A report published in January 2013 by London Assembly member Tom Copley showed that 36% of homes sold under Right to Buy in London (52,000 homes) were being let out by councils from private landlords, leading to criticisms that the scheme "represents incredibly poor value for money to taxpayers" since it "helped to fuel the increase in the housing benefit bill, heaped more pressure on local authority waiting lists and led to more Londoners being forced into the under-regulated private rented sector".


    This Bill does not extend to Scotland because in July 2013, the Scottish Government confirmed that Right to Buy would be abolished in Scotland from 2017.
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    Another class Bill from the Socialist Party.

    Home ownership is important, but Right to Buy is intrinsically flawed:
    • Speculating investors were able to buy up council properties through deferred transaction agreements, hastening the rise in property costs;
    • Commercially and socially valuable council assets were sold at below their market value and replacement cost;
    • The remaining stock of council housing was concentrated in undesirable areas with little employment opportunity, further isolating and stigmatising the tenants.
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    (Original post by DMcGovern)
    Another class Bill from the Socialist Party.

    Home ownership is important, but Right to Buy is intrinsically flawed:
    • Speculating investors were able to buy up council properties through deferred transaction agreements, hastening the rise in property costs;
    • Commercially and socially valuable council assets were sold at below their market value and replacement cost;
    • The remaining stock of council housing was concentrated in undesirable areas with little employment opportunity, further isolating and stigmatising the tenants.
    "we think there is a problem, let's find the worst way possible to deal with it"
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    Really what is required is to enshrine in law a requirement that local authorities do not sell houses for below the cost of replacement, and replace a property within 12 months of a sale, or something similar.
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    (Original post by Jammy Duel)
    "we think there is a problem, let's find the worst way possible to deal with it"
    You're welcome to try to introduce a solution - it's the same as that Progressive Tax that failed miserably.
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    (Original post by DMcGovern)
    May I ask why?
    Because I believe the working classes should be able to improve their financial situation, whereas as this bill clearly doesn't.
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    Ohhhhhh we can stay here
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    (Original post by Aph)
    Ohhhhhh we can stay here
    Sorted
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    (Original post by toronto353)
    Sorted
    I'm stilllll hereeeeeee

    EDIT: I didn't realise that this was the vote :sad:
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    (Original post by Wellzi)
    Because I believe the working classes should be able to improve their financial situation, whereas as this bill clearly doesn't.
    Wrong - this scheme doesn't help them improve their financial situation, although it seems like it does: this is not a left-wing policy to abolish private property. The problem is this scheme has caused the UK housing crisis.
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    (Original post by DMcGovern)
    Wrong - this scheme doesn't help them improve their financial situation, although it seems like it does: this is not a left-wing policy to abolish private property. The problem is this scheme has caused the UK housing crisis.
    Actually it cannot cause a housing crisis unless it actively demolishes houses

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    (Original post by Jammy Duel)
    Actually it cannot cause a housing crisis unless it actively demolishes houses

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    ???

    The housing crisis is: there is a serious shortage of affordable and stable housing in Britain.

    The Right to Buy scheme is one of the main causes:
    • Investors were able to buy up council properties through deferred transaction agreements, hastening the rise in property costs
    • Commercially and socially valuable council assets were sold at below their market value and replacement cost
    • Remaining houses were in undesirable and stock is so low that it is now prioritised for the poorest of the poor, but not allowing them to stay once they are on their feet since it is reassigned to a more needy family/couple
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    (Original post by DMcGovern)
    ???

    The housing crisis is: there is a serious shortage of affordable and stable housing in Britain.

    The Right to Buy scheme is one of the main causes:
    • Investors were able to buy up council properties through deferred transaction agreements, hastening the rise in property costs
    • Commercially and socially valuable council assets were sold at below their market value and replacement cost
    • Remaining houses were in undesirable and stock is so low that it is now prioritised for the poorest of the poor, but not allowing them to stay once they are on their feet since it is reassigned to a more needy family/couple
    For the last twelve years net migration to Britain has averaged 210000 a year, house building has kept up with the population growth expected by looking at birth rates, but house building has not kept up with net migration; fix the demand side before the supply side.
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    (Original post by DMcGovern)
    ???

    The housing crisis is: there is a serious shortage of affordable and stable housing in Britain.

    The Right to Buy scheme is one of the main causes:
    • Investors were able to buy up council properties through deferred transaction agreements, hastening the rise in property costs
    • Commercially and socially valuable council assets were sold at below their market value and replacement cost
    • Remaining houses were in undesirable and stock is so low that it is now prioritised for the poorest of the poor, but not allowing them to stay once they are on their feet since it is reassigned to a more needy family/couple
    None of which actually reduces in any meaningful way the housing stock. How do you deal with a lack of housing: build more houses, hardly a difficult concept.

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    (Original post by Jammy Duel)
    How do you deal with a lack of housing: build more houses, hardly a difficult concept.
    Strange then that your mates the Tories are having trouble grasping this simple concept.
    Maybe it's because their idea of affordable housing is anything up to £145,000.
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    (Original post by Nigel Farage MEP)
    For the last twelve years net migration to Britain has averaged 210000 a year, house building has kept up with the population growth expected by looking at birth rates, but house building has not kept up with net migration; fix the demand side before the supply side.
    Even if you completely stopped immigration a day from now the demand would stay the same - incredibly high.
    Unless you intend to repatriate these people, we clearly need to fix the supply side.

    The ridiculously low supply means that demand is high - which leads to massive price increases. The Tories haven't attempted in any way to properly combat this.
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    (Original post by DMcGovern)
    Even if you completely stopped immigration a day from now the demand would stay the same - incredibly high.
    Unless you intend to repatriate these people, we clearly need to fix the supply side.

    The ridiculously low supply means that demand is high - which leads to massive price increases. The Tories haven't attempted in any way to properly combat this.
    If immigration was stopped the demand would start falling because each year there would be fewer individuals demanding houses; that is mathematically true. The individuals demanding houses would slowly find a house to occupy with the other individuals making up the demand being the natural growth rate of the population.
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    (Original post by DMcGovern)
    Strange then that your mates the Tories are having trouble grasping this simple concept.
    Maybe it's because their idea of affordable housing is anything up to £145,000.
    You mean to say that isn't? Damn people are worse at being financially responsible than I thought.

    Do you mind telling us how stopping right to buy increases supply, because you seem to be accepting that is what needs doing.
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    (Original post by Jammy Duel)
    You mean to say that isn't? Damn people are worse at being financially responsible than I thought.

    Do you mind telling us how stopping right to buy increases supply, because you seem to be accepting that is what needs doing.
    Affordable is up to £75,000.

    And maybe that's because children aren't taught the value of money or people arent paid enough and work 2, 3, 4 jobs just to stay above the bread line.
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    (Original post by Jammy Duel)
    You mean to say that isn't? Damn people are worse at being financially responsible than I thought.
    Sorry that meant to say £445,000.

    Do you mind telling us how stopping right to buy increases supply, because you seem to be accepting that is what needs doing.
    I've not said that, I've said that the mass decrease in available social housing has forced the majority of those who would live in social housing into the private sector, meaning that demand has soared, supply has plummeted and prices have skyrocketed.

    1 in 3 English councils has not replaced a single home sold under the Right to Buy scheme since 2012, and just 8% of councils have managed to replace half their sold-off properties.

    Ipso facto, RtB needs to be scrapped and mass social housing and affordable housing building projects need to be undertaken.
 
 
 
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