Comment on Council offers families £50,000 to not buy Right To Buy homes
baggins@beehaw.org 2 weeks ago
If they can afford to give people 50k, could they just not build some more houses and rent them out?
I don’t know how much it costs to build from scratch but it’ll be considerably less than what they sell for.
kip@piefed.zip 2 weeks ago
The calculation here is probably that it’s worth the 50k to retain an existing house, if they built another one they would still be obliged to sell it at a discount
Korhaka@sopuli.xyz 2 weeks ago
Which is why right to buy is so terrible, it’s selling off public assets at a discount to what often becomes private landlords.
kip@piefed.zip 2 weeks ago
Yep. And particularly galling when the newly minted landlord rents their house back to the council to use as temporary accommodation
Korhaka@sopuli.xyz 2 weeks ago
Yet more reasons to hate Thatcher, but no one has changed it since either