Buy a house for £1 in the UK. (14)
Same thing has been done here in Australia,
a dollar for a block of land,
not near any big city,,mostly small country area's,
a dollar for a block of land,
not near any big city,,mostly small country area's,
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Stoke-on-Trent has been in recession for the last 30 years ever since pottery and printing went down the toilet with Thatcher. It's the kind of already beaten into the dirt city that doesn't notice this recession so much.
I predict in 6 years that we'll have another 124 private landlord properties creaming excessive rents from the welfare state and robbing the taxpayer: just like what happened under Thatcher.
I predict in 6 years that we'll have another 124 private landlord properties creaming excessive rents from the welfare state and robbing the taxpayer: just like what happened under Thatcher.
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Obstinance_Works: Stoke-on-Trent has been in recession for the last 30 years ever since pottery and printing went down the toilet with Thatcher. It's the kind of already beaten into the dirt city that doesn't notice this recession so much.
I predict in 6 years that we'll have another 124 private landlord properties creaming excessive rents from the welfare state and robbing the taxpayer: just like what happened under Thatcher.
I predict in 6 years that we'll have another 124 private landlord properties creaming excessive rents from the welfare state and robbing the taxpayer: just like what happened under Thatcher.
Some truth in that. This offer has attracted worldwide interest and I wouldn't be surprized if some deal wasn't struck with some overseas property developer.
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Obstinance_Works: Stoke-on-Trent has been in recession for the last 30 years ever since pottery and printing went down the toilet with Thatcher. It's the kind of already beaten into the dirt city that doesn't notice this recession so much.
I predict in 6 years that we'll have another 124 private landlord properties creaming excessive rents from the welfare state and robbing the taxpayer: just like what happened under Thatcher.
I predict in 6 years that we'll have another 124 private landlord properties creaming excessive rents from the welfare state and robbing the taxpayer: just like what happened under Thatcher.
Thank you for the compliment
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tomcatwarne: Stoke-on-Trent council has put dozens of houses on sale for just £1 and they’ve proved rather popular.
The city council is selling the properties as part of a £3million regeneration project.
In return for the cut-price homes, owners will be obliged to renovate the dilapidated homes. The council is offering successful buyers loans of up to £30,000 to foot the bill.
But this hasn’t stopped more than 600 people applying to fix-up the 124 homes. The properties are mostly two-bedroom terraces, along with a handful of three-bedroom houses and potentially a few flats, according to the council.
The winning applicants will be randomly selected, but those already living in the city will be given priority.
The owners must pledge to live in the homes for at least five years. Interested buyers have until 21 May to register for the scheme.
The council said it wants to “revitalise these areas, build a community spirit and turn these places into thriving neighbourhoods again”.
Liverpool council is running a similar initiative to help generate parts of the city.
Councillor Janine Bridges, cabinet member for housing, neighbourhoods and community safety, said the scheme “will allow what is currently a rundown area of Cobridge to fulfil its potential and become a thriving community”.Ref Yahoo.co.uk
The city council is selling the properties as part of a £3million regeneration project.
In return for the cut-price homes, owners will be obliged to renovate the dilapidated homes. The council is offering successful buyers loans of up to £30,000 to foot the bill.
But this hasn’t stopped more than 600 people applying to fix-up the 124 homes. The properties are mostly two-bedroom terraces, along with a handful of three-bedroom houses and potentially a few flats, according to the council.
The winning applicants will be randomly selected, but those already living in the city will be given priority.
The owners must pledge to live in the homes for at least five years. Interested buyers have until 21 May to register for the scheme.
The council said it wants to “revitalise these areas, build a community spirit and turn these places into thriving neighbourhoods again”.
Liverpool council is running a similar initiative to help generate parts of the city.
Councillor Janine Bridges, cabinet member for housing, neighbourhoods and community safety, said the scheme “will allow what is currently a rundown area of Cobridge to fulfil its potential and become a thriving community”.Ref Yahoo.co.uk
This is true creative solution thinking to counter tough economic times! I applaud the "outside of the box" thinking! I hope its really successful for everyone and becomes a model for other governments to look at.
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I know of a small town in northern Winnipeg Canada that is selling plots of land for $10 in anticipation of the boom thats coming with the new oil strikes there. But who the hell wants to live in northern Winnipeg??? Yikes! 
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venusenvy: This is true creative solution thinking to counter tough economic times! I applaud the "outside of the box" thinking! I hope its really successful for everyone and becomes a model for other governments to look at.
Also a great way to xpolinate the demographic to mix it up if owner occupiers that can't get into other areas move into and inject a new way into the area. Also thinking of down shifters.
Easy to be negative and cynical as any fool can condemn criticize and complain. Harder is to come up with a solution.
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AustralianGirlAU: Also a great way to xpolinate the demographic to mix it up if owner occupiers that can't get into other areas move into and inject a new way into the area. Also thinking of down shifters.
Easy to be negative and cynical as any fool can condemn criticize and complain. Harder is to come up with a solution.
Easy to be negative and cynical as any fool can condemn criticize and complain. Harder is to come up with a solution.
The solution is simple. Cut out the middleman. These homes will be inevitably used as social housing, there is no need to include private landlords. At the end of it all it would cost far more to the taxpayer in rents than it would cost the taxpayer to develop the properties themselves.
This is just a quick-fix for government and yet another way for society to offset the consequences of its actions onto younger people.
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Obstinance_Works: The solution is simple. Cut out the middleman. These homes will be inevitably used as social housing, there is no need to include private landlords. At the end of it all it would cost far more to the taxpayer in rents than it would cost the taxpayer to develop the properties themselves.
This is just a quick-fix for government and yet another way for society to offset the consequences of its actions onto younger people.
This is just a quick-fix for government and yet another way for society to offset the consequences of its actions onto younger people.
Renting is a mugs game, I've worked hard to avoid it myself and I'm not going to be pulled into it as a taxpayer(any further). Whilst I agree with not forcing the needy onto the street, I don't agree with propping-up the living standards of largely talentless opportunists.
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check_mate: The councils are obligated to refurbish council properties such as these. I suspect the properties were deliberately left to deteriorate so the council would not have to spend money on them and in an economic climate of budget cuts they can now say they don't have the budget. These houses hopefully will be sold only to LOCAL people who are on the local housing register/list and can afford this option but as they require a loan, probably few will have the opportunity. It's not creative thinking or thinking out of the box on the council's part but if it enables some individuals or families to get a foot on the rung of the ladder all well and good. There is potential and it would be a shame to see the properties bought from outside investors but that is speculation on my part. I guess we'll have to wait and see what actually materialises.
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check_mate: The councils are obligated to refurbish council properties such as these. I suspect the properties were deliberately left to deteriorate so the council would not have to spend money on them and in an economic climate of budget cuts they can now say they don't have the budget. These houses hopefully will be sold only to LOCAL people who are on the local housing register/list and can afford this option but as they require a loan, probably few will have the opportunity. It's not creative thinking or thinking out of the box on the council's part but if it enables some individuals or families to get a foot on the rung of the ladder all well and good. There is potential and it would be a shame to see the properties bought from outside investors but that is speculation on my part. I guess we'll have to wait and see what actually materialises.
We will see. But I know Stoke very well and I will bet my boots that the ones that will own these properties will not be the oens that ultimately come to live in them. And this just becomes an expensive and inefficient means of social housing(as 60% is already).
Investors should always be wary of the gravy train ending by the welfare state collapsing. And when it does, I'll be down in the (private)streets dancing and laughing with the Libertarians.
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It says you have had to have lived in the Stoke area for at least 3 years as well as other requirements
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The city council is selling the properties as part of a £3million regeneration project.
In return for the cut-price homes, owners will be obliged to renovate the dilapidated homes. The council is offering successful buyers loans of up to £30,000 to foot the bill.
But this hasn’t stopped more than 600 people applying to fix-up the 124 homes. The properties are mostly two-bedroom terraces, along with a handful of three-bedroom houses and potentially a few flats, according to the council.
The winning applicants will be randomly selected, but those already living in the city will be given priority.
The owners must pledge to live in the homes for at least five years. Interested buyers have until 21 May to register for the scheme.
The council said it wants to “revitalise these areas, build a community spirit and turn these places into thriving neighbourhoods again”.
Liverpool council is running a similar initiative to help generate parts of the city.
Councillor Janine Bridges, cabinet member for housing, neighbourhoods and community safety, said the scheme “will allow what is currently a rundown area of Cobridge to fulfil its potential and become a thriving community”.
Ref Yahoo.co.uk