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It's important to get a realistic "open market" value.
There's just one catch: "any sale would be at the open market value".
"We expect councils and housing associations to abide by the clear and detailed rules set out in legislation and sell their properties based on open market value".
The official figure for the number of properties bought through the scheme, which allows council tenants to purchase their homes at a discount on the open market value, was lower than the previous quarter's 3,321.
Moreover, work at charity auctions often sells for less than its open market value and without the usual dealer-buyer obligations – so the buyer could flip it back onto the market for a profit a few months later.
The government is targeting 200,000 new starter homes across Britain, which will go on sale to first-time buyers under 40 at a 20% discount below the open market value.
Similar(46)
If that were to happen, their £60bn of loans would be put on the government's balance sheet and their assets – worth around £400bn at open market values – would end up being privatised.
That would signal the end of the road for genuine social housing, because investors would have a very large foot in the door to allow them to access housing association assets, which are worth at least £400bn at open market values.
The open market values a ton of carbon dioxide emissions at far less that $150.
Homes offered for affordable rents can cost up to 80% of the open-market value.
Their pleas fell on deaf ears, a cold reality check to their open-market value.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com