2026-07-23 07:08 UTC
@distinctdipole@tech.lgbt
You can blame Thatcher for that little money earner.
She set up the Right-to-Buy scheme to allow renters to buy their home from the council at a reduced rate if they had been living there for 3 or more years.
At the same time she banned councils from building new homes to replenish the housing stock that had been sold.
Now councils have to rely on private companies to provide social housing.
Replies (1)
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@distinctdipole@tech.lgbt 2026-07-23 08:59
@daveSmeg@mastodon.social Very aware of Thatcher and her wrecking ball. Additionally, council assets were effectively stripped with the treasury receiving the bulk. Coupled with her encouragement to view housing as an investment and not a home, and with poor tenant protections, corrupted the private renting market that she had made essential for renters.