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(The infamous housing crisis) Public Sector Housing - WHAT IS GOING ON?


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2 hours ago, asitis said:

 Social housing without means testing is a huge barrier to the young. The political reticence to actually target social housing to those genuinely unable to afford to enter any other market is a scandal, and says more about votes than common sense. Castletown commissioners voted no on this shall we say the results were unsurprising !

You only need means testing when supply is inadequate. Build more. Charge market rents. But support those who can’t afford.

Reduce market rents by building more private, as well as public, first time buyers and old persons and sheltered housing.

Housing costs are dictated by two things, shortage of supply and cost of borrowing. The increase in housing purchase price knocks on to rent. The low interest rates make overpriced housing “affordable” to the few.

We need to fully explore government and local authority provision of serviced plots, like happened in the 1960’s, 70’s and 80’s, shared ownership, buy to rent, and housing associations.

This could be funded by transferring all our public housing to one or more Manx National Housing Associations. Sell of up to 50% shares and issue bonds. Use the money raised to satisfy demand. Allow tenants to buy, but reinvest the sale proceeds. Inject the other 50% into the NI fund, or a Manx Infrastructure Investment Agency.

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2 hours ago, John Wright said:

You only need means testing when supply is inadequate. Build more. Charge market rents. But support those who can’t afford.

Reduce market rents by building more private, as well as public, first time buyers and old persons and sheltered housing.

Housing costs are dictated by two things, shortage of supply and cost of borrowing. The increase in housing purchase price knocks on to rent. The low interest rates make overpriced housing “affordable” to the few.

We need to fully explore government and local authority provision of serviced plots, like happened in the 1960’s, 70’s and 80’s, shared ownership, buy to rent, and housing associations.

This could be funded by transferring all our public housing to one or more Manx National Housing Associations. Sell of up to 50% shares and issue bonds. Use the money raised to satisfy demand. Allow tenants to buy, but reinvest the sale proceeds. Inject the other 50% into the NI fund, or a Manx Infrastructure Investment Agency.

Sounds good but you know as well as I where any monies generated would end up!

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Time for a local and open market here like in Channel Islands, with transferable permits. Net result less many to landowners and lower cost smaller properties for local buyers

Edited by Russ
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29 minutes ago, Russ said:

Time for a local and open market here like in Channel Islands, with transferable permits. Net result less many to landowners and lower cost smaller properties for local buyers

The CI has a much greater population density than the IOM. High prices are a problem in all nice areas - if you think the rock is expensive then try my neck of the woods.

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On 7/24/2021 at 7:42 AM, John Wright said:

You only need means testing when supply is inadequate. Build more. Charge market rents. But support those who can’t afford.

Reduce market rents by building more private, as well as public, first time buyers and old persons and sheltered housing.

Housing costs are dictated by two things, shortage of supply and cost of borrowing. The increase in housing purchase price knocks on to rent. The low interest rates make overpriced housing “affordable” to the few.

We need to fully explore government and local authority provision of serviced plots, like happened in the 1960’s, 70’s and 80’s, shared ownership, buy to rent, and housing associations.

This could be funded by transferring all our public housing to one or more Manx National Housing Associations. Sell of up to 50% shares and issue bonds. Use the money raised to satisfy demand. Allow tenants to buy, but reinvest the sale proceeds. Inject the other 50% into the NI fund, or a Manx Infrastructure Investment Agency.

One small problem 

one or two large companies have been buying up all the land over the years and now own our arse. 

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31 minutes ago, buncha wankas said:

One small problem 

one or two large companies have been buying up all the land over the years and now own our arse. 

Let's not blame the companies. No-one forced anyone to sell to them. Landowners got greedy. With regard to social housing nothing will change. At the first sign of potential eviction, occupiers who are house blocking will be straight on to their MHK.

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On 7/24/2021 at 6:27 PM, Russ said:

Time for a local and open market here like in Channel Islands, with transferable permits. Net result less many to landowners and lower cost smaller properties for local buyers

It’s certainly time this was looked at. 

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