Council houses were sold to occupiers at a pretty low price - my wife's auntie bought her
place in a nice part of Devon for about £10,000 and when she died about 16 years later it went for over £200,000. There were a lot of people who bought at a low price and cashed in with the 'real' value to make a quick buck a while later - I think there were rules about the original buyers having to keep the property for a while but not sure how long. The moneys went to the councils who originally owned the properties but they were forbidden from building more social housing iirc. There were 'property developers' (slum landlords & the like) who made and continue to make a fortune :shrug: immoral I guess but there's no political will to get it sorted.
If you were around in 79 youd know.
don't think we did anything similar
most of our "council estates" Were high rises that were basically torn down. In its place were private developments that took advantage of tax credits, so called Section 8 housing.
Real Estate values have definitely risen quite a bit in general from those days. I guess the private developers took a risk and it paid off for them?
People are always going to need housing and house prices have traditionally risen
(albeit to crash a bit, but still overall higher than they were, depending on your whereabouts of course)... That fact coupled with the housing benefit paid to people who are unemployed/low wage earners will always guarantee an income for landlords...so not much of a risk really, I would venture. Almost everyone I know who has gone into 'property development' has made a bob or two.
She got a shitty share of the vote and was very fortunate
But for the Liberal Tumult with the SDP etc, North Sea Oil and the Falklands tap in she wouldnt have had such a long term.
Are all those things good though? Surely that depends on your persuasion
And, ultimately, whether you had the means to take advantage of any of them.
Rather like only winning the European Cup final 2-1; it's basically the same as losing.
Thing is, once we agree that redistribution of wealth is a jolly good idea, we
can hardly complain when it's sometimes redistributed to people we don't like, can we.
Surely idle property owning piss-takers are as entitled to government support as benefit cheats.
