> ...the Thatcher government in the 1980s gave social housing tenants the right to buy homes, and created laws that prevented local authorities from building new public sector housing projects...
Also, with a large discount, so even if new social housing could be built, there wouldn't be the funds to build them. It is effectively a large wealth transfer from the taxpayer to those needing subsidised homes, such that they could later resell that home to release their windfall, sucking the money that could have gone to housing others.
Also, with a large discount, so even if new social housing could be built, there wouldn't be the funds to build them. It is effectively a large wealth transfer from the taxpayer to those needing subsidised homes, such that they could later resell that home to release their windfall, sucking the money that could have gone to housing others.