I know Margret Thatcher is blamed for all our ills, but I cannot reconcile the idea that selling off social housing caused a housing shortage. OK selling one million houses would have meant another one million people owned their homes and other people wanting homes would be denied. However had those one million not bought their homes they would still be living in them. It doesn’t matter if the one million were renters or owners those houses would not have been available to anyone else.
The whole point of right to buy started off to sell houses to people who had paid for the house in which they lived, in the rent they had paid; my parents bought the house that they had rented for over thirty years. People who bought under the ‘right to buy’ scheme would simply not have had the resources to go to an estate agent and buy a house, and so would have ended their lives as renters. Where the scheme got silly was when they started selling houses to people who had only been tenants for 2 years (they had barely paid enough rent to cover the stamp duty) and I think that didn’t start happening until after Maggie got the boot.
Love her or hate her Maggie is not responsible for all that we attribute to her. Lots of it yeah, but not all of it. We should cut the old dear some slack after all its Old Nick who has the problem now!