Right-to-buy was good for low-income people - until capitalism got involved

Right-to-buy was good for low-income people - until capitalism got involved

The right-to-buy social housing policy has cost the government £200bn since 1980, according to a new report from Common Wealth. But at the same time low income people gained housing and stopped having to pay rent to the government. Social rent does not even contribute to home ownership and could be looked at as a tax on shelter. The issue was that Margaret Thatcher used the policy to deplete the amount of social housing in the country because sh…