Quote Originally Posted by SLUDGE FACTORY View Post
Council tenants have always have a right to buy , in various guises

But in was Thatcher in 1983 that gave absolutely massive amounts of tax payers money to council tenants to almost give the fecking things away

It's was immoral and the effects on the housing market are still being felt today


Don't blame Labour
The discount for a house was 33% of the market value if they had lived there for 3 years. It was a decent incentive, but hardly giving them away. There are enough houses - but they're not affordable for many. My son [in England] was telling me yesterday that he was talking a regional manager of a major housebuilder. Since the end of help-to-buy [in England], sales have virtually stopped on new build. If you want to discover why UK house prices have risen so much in 30yrs, you have to go to central London in the 80's. Arabs, then Russians, then Chinese. Oh, and money laundering. It all stems from down 'west', and permeates along the M4 [and others] corridor