Anyone who says "X is what we need to do" over and over again will be part of a weird cult eventually and that's not a bad thing regardless of whether X is desirable.
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Yes. In 1980 around 1/3 of UK households lived in public housing. Big part of that privatized during 1980s, under plans where current residents could buy on favorable terms.
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Interesting! I never knew that! Do you know of any good studies on the results of that reform?
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Not off hand, will see if I can find something.
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RTB was one of the worst policies of all time, led to a permanent reduction in the annual construction of new houses by about 100,000 per year through a massive reduction in state housebuilding and no corresponding increase in private building https://ars.els-cdn.com/content/image/1-s2.0-S1051137717300165-fx2.jpg …
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Interesting!
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if you have to sell council houses at a huge discount to tenants, it's not economical to ever build new ones. so they were replaced by a demand-subsidy Housing Benefit (think a guaranteed means-tested section 8) which has become a spiraling gov cost & pumps up private rents
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I see. So it was an ongoing policy and not a one-off?
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