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Farm Business
Agricultural Matters
Mass Trespass?
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<blockquote data-quote="Exfarmer" data-source="post: 7484838" data-attributes="member: 1951"><p>It may have been a mistake, but the issue was that Councils had borrowed huge sums of money at very low rates to build these properties. Since then rates had risen and very often rents, ( which were very frequently not collected in many urban areas such as Liverpool) did not even cover the interest payments. Hence the local rate payers were picking up this tab and the maintenance and capital repayments. This was grossly unfair when many of the ratepayers were living in worse accommodation. </p><p>The sell off was very poorly handled in many areas though enabling a few speculators to make very large sums , which was never the intention. In some cases these speculators were the very same councillors who had colluded with tenants to avoid paying the rents.</p></blockquote><p></p>
[QUOTE="Exfarmer, post: 7484838, member: 1951"] It may have been a mistake, but the issue was that Councils had borrowed huge sums of money at very low rates to build these properties. Since then rates had risen and very often rents, ( which were very frequently not collected in many urban areas such as Liverpool) did not even cover the interest payments. Hence the local rate payers were picking up this tab and the maintenance and capital repayments. This was grossly unfair when many of the ratepayers were living in worse accommodation. The sell off was very poorly handled in many areas though enabling a few speculators to make very large sums , which was never the intention. In some cases these speculators were the very same councillors who had colluded with tenants to avoid paying the rents. [/QUOTE]
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