THE PRIVATISATION OF COUNCIL HOUSING – A WARNING

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Private equity firms will buy cheap council houses across the UK. They will then rent the houses back to families, and wait for home values to rise on the back of their political cronies manufacturing a new property bubble. The private equity firms and their big bank partners will bundle the mortgages on these rental homes into ‘rental-backed securities’. A disaster will follow. These partners in crime will be betting on the rise in value of their purchases, and, before that happens, they will seek to dramatically increase rents. The only way that can be achieved is to intimidate the poorer tenant to move out. They will hire thugs, print illegal eviction notices, and cut off heat and hot water from your house. They will not care if you freeze. The ‘capitalk’ that will be used to describe this process will be ‘transitioning’. Prepare for being ‘transitioned’. Prepare for vermin infestation. Prepare for unmended plumbing leaks and missing roof tiles. They will need to move you out just as surely as native Americans were evicted from their homes. They want what little you have, and craven councils will sell them the houses you live in, and (misnamed) government will claim it is none of their business. THIS IS WHAT HAS HAPPENED IN NEW YORK. Only the sublimely ignorant will believe it will not happen in the vulture-friendly UK.

‘A British hedge fund firm has launched a fund to invest in housing for impoverished tenants in a sign of growing private-sector interest in the U.K.’s chronically undersupplied and politically sensitive housing market. Cheyne Capital Management LLP, which manages about £4 billion in assets, said its Cheyne Social Property Impact Fund, with a cap set at £300 million ($474 million), will focus on ‘providing residential housing’ (WSJ, November 27, 2014).

Be warned.

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About leninnightingale

A nurse who for decades challenged the nursing establishment, echoing the voices of the silent many- the downtrodden nurses, students, care assistants, patients, and relatives that the 'system' overlooks. This site will present issues that many fear to engage in, prefering to believe what they are told by the Government's 'Ministry of Truth' (i.e. 'Lies').
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One Response to THE PRIVATISATION OF COUNCIL HOUSING – A WARNING

  1. Carol Dimon says:

    IN UK already happening- some councils buy houses at full price to rent out as council houses. Tenants buy at knock down price 2 years later under right to buy scheme. Mind boggling.

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