Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
A quarter of the Labour Shadow Cabinet own multiple homes according to the Daily Mail. This is despite the latest attack on landlords proposed by John McDonnell under a planned ‘Right to Buy’ policy if they were ever to get into government.
Labour want to redistribute wealth and raise living standards by forcing landlords to sell to tenants at a predetermined discount under a scheme similar to Margaret Thatcher’s council right to buy policy in the 80s.
McDonnell said: “You’d want to establish what is a reasonable price, you can establish that and then that becomes the right to buy. You (meaning the Labour party) set the criteria. I don’t think it’s complicated.”
However, it is a case of do as I say not as I do for the Labour front bench as many are confirmed as owning second homes.
Shadow Foreign Secretary, Emily Thornberry, has three homes including one purchased from a housing association and is receiving rental income on both properties in Surrey and Clerkenwell.
Shadow Brexit Secretary, Sir Keir Starmer, is reported to own a £1.75 million house in Camden along with a £600,000 home in Oxted, Surrey, which he claims was purchased for his sister and does not receive any rent for.
The architect of the proposed theft of property, John McDonnell himself, has been widely reported as owning a holiday chalet bungalow on the water front of the Norfolk Broads as well as his £760,000 home in Hillingdon, West London.
A Labour statement to the Daily Mail said: “It is not Labour Party policy to stop people owning second homes.”
The list continues with:
How is it possible to come up with these plans and keep a straight face or is that politics for you?
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