@HingebackNeil@RoworthJacques@I_amMukhtar Another liar (Neil) who doesn’t like to be called out and proven wrong 🤣🤣
Must be a far right supporter pretending to be a lefty to discredit the left.
Hold the L.
@AndyMarsha19567@martinrw@ZackPolanski You’re adding £££ to your “revenue” and the same £££ to your “cost” and claiming it’s a profit.
The fact you’re now receiving it is irrelevant as in order to receive it you need to own the properties and that isn’t free it costs you £££ in interest on the borrowing.
Get it now?
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski Back to unintelligent replies?
Roads are crap, bins not collected and underpaid, keep buildings empty for decades.
You think they are run well!?
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski Councils don’t do anything well.
Look at everything they run.
They’d lose billions because they’d borrow billions and then either have to match current rent and achieve nothing or lower rent/subsidise rent further and lose billions
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski You don’t understand.
That subsidies the rent below market rates.
To pay that they’d make a loss on the rent of the property and rents wouldn’t change.
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski So they either make a 2% profit and tenants see no change in rent at all.
Or
They reduce rent and make a loss.
You literally don’t understand how numbers work do you?
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski No, it’s impossible to do it better which is the point.
You’ll have councils losing billions and reducing rent for tenants
Or
You’ll have no change whatsoever
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski Are landlords wealthy yes or no?
If no why target them with more tax when it’s the most taxed income source?
If yes then the wealth tax will already tax them more.
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski Councils will buy using borrowed money at interest rates of over 4%.
Rent on property is at most 8% pre tax.
That leaves 2% mark-up for vacant property. Repairs. Admin.
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski Green Party policy is to abolish landlords by purchasing all private rented properties and letting them to tenants.
They either do so at market rate and there is zero change for tenants
OR
Councils rent them at below MV and tax payers subsidies the rent.
@Weyoun999@AndyMarsha19567@martinrw@ZackPolanski So you think policy is going to be to buy houses at market rate and then rent them at below market rate rent?
Essentially you’re going to vote for councils to subsidise rent?
@Weyoun999 @_Ben_1993 @FrDMcGuire@johnpmerrick This is exactly why I don’t vote.
The right are proud of being evil and spiteful and selfish.
The left are ignorant and arrogant.
Here you’ve been exposed for being wrong yet you lack the humility to admit you were wrong