Council offers families £50,000 to not buy Right To Buy homes

Comments

• baggins@beehaw.org ⁨2⁩ ⁨months⁩ 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.

  source

  • kip@piefed.zip ⁨2⁩ ⁨months⁩ 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

    source

    • Korhaka@sopuli.xyz ⁨2⁩ ⁨months⁩ 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.

      source

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