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Right to buy in England ‘fuelled housing crisis and cost taxpayers £200bn’ (www.theguardian.com)
submitted 1 year ago by to c/uk_politics@feddit.uk
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[–] 14 points 1 year ago (1 child)

This is it right here. If the provision were made that councils could take the money from the sales and build more up to date housing for each generation then right to buy would have been an accidentally utopian policy that bank rolled housing safety for everyone forever - fuelling more Tory votes. Instead we got 13 years of Blair. Cheers Maggie!

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  • [–] 7 points 1 year ago

    Absolutely! It would have been a virtuous cycle:

    Council builds house -> worker moves into house -> with house has enough stability to get a job -> works job, gets a few promotions, finds partner to settle down with -> couple work hard to save up to buy the house -> buy house from council -> couple settle into new house with kids they can pass the property onto -> council has enough money from that sale to build another house -> couple's kids grow up complete their education and need employment -> the grown kids move into a council house and start looking for jobs.

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