UK Housing Crisis EXPOSED: The Truth Behind Right to Buy
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- Опубліковано 28 гру 2023
- The Right to Buy policy, introduced by Margaret Thatcher's government in the United Kingdom in 1980, was intended to allow council tenants to purchase their homes at a discount. While this policy had several objectives, including promoting homeownership and individual property rights, it had significant consequences for council housing. It contributed to the housing crisis and homelessness figures in the UK today.
One of the most significant effects of the Right to Buy policy was the substantial reduction in the supply of council-owned housing. As tenants exercised their right to buy their homes, many council-owned properties were sold into private ownership. This led to a significant decrease in the number of available, affordable rental properties, especially in high-demand urban areas.
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Right to buy is surely a disincentive to councils to provide public housing, particularly in cities such as London. If shortly after building a house or flat, the council has to sell it at a discount, then those waiting for low cost housing have nowhere to go. Private landlords love this as they are able to keep raising rents, this policy benefits only the wealthy. Surely the hugely increased cost of rent support backs this. We need
to keep social housing, and if we wish to support housing ownership, have schemes to help people move on from this if they are able to do this.
In London, getting a social housing home has been like winning the lottery as people could make huge profits. In addition, there is not endless space to build in London, it is insane to make a few families wealthy , only to deny all those on the waiting list an opportunity to have secure housing, something private renting does not provide.
Yes the right to buy is a wonderful thing hopefully in the near future there will be no council houses eveyone in there own home will Own it!
The 1984 Building Act should be repealed. Tokyo has no housing shortage because they’re allowed to build everywhere. The UK should also have skyscrapers full of condos everywhere, as in Singapore, or condos on top of homes, like in Japan.
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