In this episode, Rob sits down to speak with Neil Goodrich, the former chair of the Chartered Institute of Housing (CIH) Futures. Neil starts by providing a potted history of social housing and housing associations, in the UK. Then, explain the criteria for the right-to-buy scheme.
He and Rob then discuss the 2022 Social Housing White Paper. Focusing on what would happen if housing associations were forced to sell their stock off in a comparable way to the council house Right to Buy scheme.
KEY TAKEAWAYS
In 1981, in England, around 27% of homes fell into the social housing category.
Now, only 16% of English housing stock is for social use.
Right to Buy was made worse when the treasury took some of the receipts generated by those sales. Leaving councils with few funds to build new social housing.
In the seventies, new building methods were used. Some of which were so bad that the houses only lasted a couple of decades.
Now, most social housing is provided by housing associations.
Right to buy is a significant discount on the market value of a council house.
Around a quarter to one-third of all right-to-buy properties end up being privately rented out.
Forcing housing associations to sell their stock is not desirable. Neil explains why, in the podcast.
BEST MOMENTS
‘82% of housing associations, in England, are less than one thousand units.’
‘Only 247 housing associations own 95% of the stock.’
‘I would scrap it. I don't see any workable way of ensuring like for like, one for one replacement.’
EPISODE RESOURCES
Neil Goodrich Twitter: @NGoodrichHsg
Inside Housing - https://www.insidehousing.co.uk/
Vicky Spratt Tenants - https://blackwells.co.uk/bookshop/product/9781788161275?gC=5a105e8b&gclid=Cj0KCQjw2MWVBhCQARIsAIjbwoPXyIrI6Mq1kHOE5ITztAfc6UFAZ0kyMeK5WH22ngQo0kpLBSnMpN8aAsJjEALw_wcB
John Boughton Municipal Dreams -
https://www.waterstones.com/book/municipal-dreams/john-boughton//9781784787400?awaid=3787&utm_source=redbrain&utm_medium=shopping&utm_campaign=css&gclid=Cj0KCQjw2MWVBhCQARIsAIjbwoMMcjkF0ci6l7Ci5cN2QqW08ZydVc0qp9iunn_CAbG-6FA5gFok_KEaAgahEALw_wcB
ABOUT THE HOST
Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
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