New Posts For Thread: Housing Associations make record profits of £3.5bn in 2017https://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017I thought they were supposed to be not-for-profit organisations.£ 3.5, yeah right, . This will become one of the biggest scandals in housing, they are purely for profit at any cost, I have recent first hand experience in dealing with these corporate sheep in wolves clothing. Affordable rental % of the claimed fihttps://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554705423#554705423£ 3.5, yeah right, . This will become one of the biggest scandals in housing, they are purely for profit at any cost, I have recent first hand experience in dealing with these corporate sheep in wolves clothing. Affordable rental % of the claimed fiThu, 07 Jun 2018 16:33:44 -0500I don't think things are as cut and dry as that article makes out, it's not like homes under the hammer developing one or two properties at at time. Many are large developments of hundreds of properties so require financing usually with builders likehttps://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554702067#554702067I don't think things are as cut and dry as that article makes out, it's not like homes under the hammer developing one or two properties at at time. Many are large developments of hundreds of properties so require financing usually with builders likeThu, 07 Jun 2018 11:23:46 -0500GJ - they probably don't build as many homes as you think. They definitely don't build as many as they should.The stock of the large HAs which manage thousands of homes will still be mostly made up of ex-council properties.Take look at this article (https://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554701067#554701067GJ - they probably don't build as many homes as you think. They definitely don't build as many as they should.The stock of the large HAs which manage thousands of homes will still be mostly made up of ex-council properties.Take look at this article (Thu, 07 Jun 2018 09:59:53 -0500I'd guess the ex-council properties in their portfolio's make up a very little percentage of their housing stock these days. Gone are the days when they started out as co-ops of some estate. They're massive companies these days , my mate works as a dhttps://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554700991#554700991I'd guess the ex-council properties in their portfolio's make up a very little percentage of their housing stock these days. Gone are the days when they started out as co-ops of some estate. They're massive companies these days , my mate works as a dThu, 07 Jun 2018 09:49:59 -0500They borrow on the strength of their assets - the housing stock purchased from councils.I don't know but I suspect they bought them for less than the true market value. Then they've benefited from rising property values in the interim.Up until recenhttps://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554700881#554700881They borrow on the strength of their assets - the housing stock purchased from councils.I don't know but I suspect they bought them for less than the true market value. Then they've benefited from rising property values in the interim.Up until recenThu, 07 Jun 2018 09:44:23 -0500They've been operating for over 20 years. They must have repaid a lot of debt in that period.https://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554700681#554700681They've been operating for over 20 years. They must have repaid a lot of debt in that period.Thu, 07 Jun 2018 09:33:43 -0500They need to make profits to build equity. They cannot operate on 100% debt.https://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554700597#554700597They need to make profits to build equity. They cannot operate on 100% debt.Thu, 07 Jun 2018 09:28:58 -0500I think I'd rather work for Tesco. At least they're upfront about their objectives.When responding to the news that their income represented £1 in every eight spent on the high street, didn't the MD or some other senior official say something like,https://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554700581#554700581I think I'd rather work for Tesco. At least they're upfront about their objectives.When responding to the news that their income represented £1 in every eight spent on the high street, didn't the MD or some other senior official say something like,Thu, 07 Jun 2018 09:27:31 -0500I thought they were supposed to be not-for-profit organisations.https://community.betfair.com/chit_chat/go/thread/view/94038/31408295/housing-associations-make-record-profits-of-35bn-in-2017?post_id=554700453#554700453I thought they were supposed to be not-for-profit organisations.Thu, 07 Jun 2018 09:16:37 -0500