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Old 11-02-2013, 14:28
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Join Date: Aug 2011
Location: Out there
Posts: 513
Thanks for those replies. the situation is obviously better than I thought it was. However I notice that, in the article, surplus is defined as income less outgoings (obviously), so it depends what's included in "outgoings". Is it just maintenance?
Maintenance and admin I guess. Possibly interest on loans taken to build, though as most housing stock is over 30 years old, I should imagine all the original loans have been repaid by now.
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