View Single Post
Old 03-25-2018, 04:07 AM  
BaldBastard
Too lazy to set a custom title
 
Industry Role:
Join Date: Jan 2001
Location: Sydney
Posts: 14,670
I'm not fully versed on the UK problem, but after a quick glimpse at that article is seems the same as Sydney. Public housing was built in poor suburbs, because that's where it's needed the most. Over time the city spreads and those poor suburbs become very rich suburbs, houses that were built for thousands of dollars are all of a sudden worth many millions due to their location. Some of these places have people who have lived in them for 30 years plus! all on Government hand outs. Often the amount deducted from their benefit would of been more than enough to payout the mortgage if the tenant had purchased it at the start. When they have lived their for 30 years.. they certainly do consider the places their homes: Do note.. they're all whingeing long term social benefit pricks. ;)

New public housing needs to be built in new shitty suburbs and they are funding a lot of it by selling off those inner city houses where often the prices fetched, can build 4 or more new houses. Boohoo to anyone that's lived there 30 years.
BaldBastard is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote