Anyone sold their house after buying it through the RTB scheme?

In the world of sugar and spice yes.What if you need the £50k more or less straight away our you’ll loose your current family home that your kids and wad live in.?
He would sell and gladfully pocket the discounted profit, as would any sane person. We all know it, hes just on one of his smb wind ups. Fooling nobody.
It would depend entirely on the circumstance. I’ve already said I considered it for my mother’s house, but when asked if I would keep the profits, I said I wouldn’t sell it.
Ok. We believe you.
 
Last edited:


In the world of sugar and spice yes.What if you need the £50k more or less straight away our you’ll loose your current family home that your kids and wad live in.?

Well I mean if you’re testing my moral compass here, if backed into a corner I’d compromise on my principles for the safety and security of my family and loved ones.

I do think that’s worlds away from most scenarios under which we’re discussing selling a RTB house though.

It’s flagrant profiteering off the state by selling RTB homes, that is the issue in most cases.
Frijj is confused again. It's like brexit vote day again.

Confused? Not at all there mate. I’m just not a selfish ****, which seems to surprise a lot of people, many of which it seems have internalised selfish individualism and see any behaviour different to this, as so far beyond their norm, they can’t help but turn it into some kind of a dig.
He would sell and gladfully pocket the discounted profit, as would any sane person. We all know it, hes just on one of his smb wind ups. Fooling nobody.

Ok. We believe you.

Case in point, @yamar1’s concept of sanity includes people being massively selfish pricks.

Would I buy a RTB house, sell it on and pocket the money, under normal circumstances? No.

If forced into selling it to ensure my family had a home, yes.

Weirdly, some middle aged blokes will be sat in their living rooms, drinking tins and be pleased at scoring some kind of moral victory here 😂
 
Last edited:
Well I mean if you’re testing my moral compass here, if backed into a corner I’d compromise on my principles for the safety and security of my family and loved ones.

I do think that’s worlds away from most scenarios under which we’re discussing selling a RTB house though.

It’s flagrant profiteering off the state by selling RTB homes, that is the issue in most cases.


Confused? Not at all there mate. I’m just not a selfish ****, which seems to surprise a lot of people, many of which it seems have internalised selfish individualism and see any behaviour different to this, as so far beyond their norm, they can’t help but turn it into some kind of a dig.


Case in point, @yamar1’s concept of sanity includes people being massively selfish pricks.

Would I buy a RTB house, sell it on and pocket the money, under normal circumstances? No.

If forced into selling it to ensure my family had a home, yes.

Weirdly, some middle aged blokes will be sat in their living rooms, drinking tins and be pleased at scoring some kind of moral victory here 😂

Mate I believe you and think you have a good moral compass but it's undeniable that you naturally become more conservative (small c) and even selfish when wife and kids come along. The degree to which you do this differs from. P we son to person but you'll be a different person at 30 than 20, 40 than 30 etc.

Unfortunately the above (in a lot of cases) and the London elite version of Labour we see now means there is little to no chance of reducing inequality, having much fairer distribution of resources in the near future... (imho)
 
They called the referendum thinking they couldn’t loose and it would put the argument to bed once and for all ,Little did they realise the ordinary white english bloke who works hard for a living and pays his taxes has had enough of the political elite leading them a merry dance.
The working bloke has eventually woken up and fought back the only way he could .

Loads of those have voted remain
I’m less against RTB as I am people selling RTB properties for massive profit.

I believe RTB should be abolished, reformed and then brought back in a better way.

So I’m not saying I’m so against RTB that I wouldn’t use it.
RTB isn't wrong it's RTB at a discount that is wrong.

It's not for the council to give away bricks and mortar ( an asset)
 
Last edited:
The second home in Spain. @stephen cartwright will confirm.

I wholly realise a lot of my posts are contentious, they’re mostly written with the sole purpose of annoying certain individuals - which works a treat.

It’s disappointing and a tad annoying that an innocent query has turned into a thread such a this. However, if certain folk feel better from lampooning me in this way, I wish them luck. Maybe one day, they’ll get satisfaction from genuine intellect, talent, hard work or humour.
Confirmed and a superb residence it is.
 
Even more so now. Making a profit from housing designed to relieve homelessness and provide a secure environment for lower paid families and being happy to gloat about it? Even worse than repugnant, downright Thatcherite

These days it’s designed to give the feckless who don’t work, pay any tax and sprout kids for a living (to fleece the benefits system) a home. Why shouldn’t people be allowed to buy a home they have lived in for years. f***ing socialism man, it’s rotten these days!
 
These days it’s designed to give the feckless who don’t work, pay any tax and sprout kids for a living (to fleece the benefits system) a home. Why shouldn’t people be allowed to buy a home they have lived in for years. f***ing socialism man, it’s rotten these days!
:lol:
 
Loads of those have voted remain

RTB isn't wrong it's RTB at a discount that is wrong.

It's not for the council to give away bricks and mortar ( an asset)

Even though the person has lived in that house, decorated and upgraded it at their own expense, and kept the garden tidy at their own expense? Surely at some point the money they have invested into that property must be taken into consideration?
 
Even though the person has lived in that house, decorated and upgraded it at their own expense, and kept the garden tidy at their own expense? Surely at some point the money they have invested into that property must be taken into consideration?
If you rent in the private sector would you the expect to buy at a discount?


Keeping a place tidy is just a decent thing to do.


And round here you aren't allowed to do anything major , the property has to be able to be returned in the same state it was originally received in.


If you want to buy a property because you have an emotional tie to it, then yes buy it, but at full market value so the council can replace it.
 
If you rent in the private sector would you the expect to buy at a discount?


Keeping a place tidy is just a decent thing to do.


And round here you aren't allowed to do anything major , the property has to be able to be returned in the same state it was originally received in.


If you want to buy a property because you have an emotional tie to it, then yes buy it, but at full market value so the council can replace it.

In the private sector you get a fully decorated, carpeted and even furnished property with all the white goods needed to set up home. In most social housing you get the four walls. There’s a huge difference.
 
In the private sector you get a fully decorated, carpeted and even furnished property with all the white goods needed to set up home. In most social housing you get the four walls. There’s a huge difference.
The private sector offers unfurnished letting accommodation too.

You still wouldn't be able to buy the property at a discount should
you wish to just because you had paid rent for a while. (The rental would likely be far higher too).
 
The private sector offers unfurnished letting accommodation too.

You still wouldn't be able to buy the property at a discount should
you wish to just because you had paid rent for a while. (The rental would likely be far higher too).

It’s nice how the ‘haves’ want to prevent the ‘have nots’ from gaining anything.

Those people will be paying ten or more times the interest rate on their credit cards or bank loans than you do, simply because they are poorer, not because they personally have a history of bad debt. They are paying proportionately more tax on their income than you do. At what point do they get a break?

Give Thatcher her due, at least she tried to establish a road out of poverty into home ownership which is more than most people want now. Let the poor rot in their slums!
 
It’s nice how the ‘haves’ want to prevent the ‘have nots’ from gaining anything.

Those people will be paying ten or more times the interest rate on their credit cards or bank loans than you do, simply because they are poorer, not because they personally have a history of bad debt. They are paying proportionately more tax on their income than you do. At what point do they get a break?

Give Thatcher her due, at least she tried to establish a road out of poverty into home ownership which is more than most people want now. Let the poor rot in their slums!
I suggested no rent for some if you read this thread (and others)

Red bold - how on earth do you think you know how much tax or credit card interest I pay!
 
Nice little update, for those thinking of doing the same.

Gentoo have suspended their buy-back scheme until further notice.

Should they start it up again, they do get first refusal on the house if you choose to sell it within TEN years of buying from them, but the cap is £95,000.

Therefore, a couple of up-to-date valuations of well-known estate agents sent to the right person at Gentoo will mean that you can put said house straight on to the market, without having them decide whether it's suitable for them (rentable) or not.

Also, the marketing process can be started a few months BEFORE the five years are up, as long as completion is AFTER that particular anniversary.
 

Back
Top