Social housing tenants – left out in the cold?
For a variety of reasons, those claiming housing benefits have received a large amount of bad press over the last couple of years and continue to be the subject of contentious public opinion.
For landlords, the argument in favour of social housing tenanting has not been helped at all by those who flagrantly cheated the UKâ€™s welfare system and left substantially tainted opinion in their wake.
However, itâ€™s the common-sense responsibility of landlords to rise above stereotyping the majority of social housing tenants because of well-publicised and likely over-hyped, misdemeanours of a minority. Research has shown the bulk of people on housing benefit are decent people who regard the place they live as a permanent let, rather than a short-term solution.
Additionally, for those quick to judge housing support, itâ€™s worth remembering that a high proportion of people receiving housing benefit are aged over 55 and have contributed much to society and tax pots throughout their working lives, and are only now in need of support as they head into retirement.
Our perspective at The House Crowd is that short-sighted landlords, who form part of the growing number of landlords leaving the LHA market, should ask themselves whether they can actually afford to abandon such a substantial part of the private rented sector when our industry is still recovering from such challenging economic circumstances.
The House Crowd provides an ethical investment opportunity in which profits are shared â€“ what we like to term â€œCaring Capitalismâ€. We seek out repossessions through liquidators and asset management companies, allowing us to offer our investors excellent returns, as well as breathing new life into empty homes and providing quality housing for those who need it most.
The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If youâ€™ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).