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Mancie · 05-11-2010, 22:20

When introduced the right to buy was seen as a great leap for working families.. I have friends that bought good council owned houses in the mid 80's paying a mortgage that was near enough the same as the rent they already paid, and it transformed their lives.
The problem was always going to be that when the "good" or best housing had been bought up the councils were left with the not so good... this, along with the disgraceful regulations imposed by Thatcher that any money made from council house sales could not be used to build new homes resulted in what we have today...not enough council housing and no money in the coffers to build new homes.

05-11-2010, 22:20	#21
Mancie God Member Join Date: Feb 2006 Location: In the corner Posts: 5,946 Liked: 3 times Rep Power: 10741	Re: Right to Buy Council houses When introduced the right to buy was seen as a great leap for working families.. I have friends that bought good council owned houses in the mid 80's paying a mortgage that was near enough the same as the rent they already paid, and it transformed their lives. The problem was always going to be that when the "good" or best housing had been bought up the councils were left with the not so good... this, along with the disgraceful regulations imposed by Thatcher that any money made from council house sales could not be used to build new homes resulted in what we have today...not enough council housing and no money in the coffers to build new homes.