Any regular readers of this blog will know that we need to build many more homes in England, especially more genuinely affordable homes. The need for these homes can’t be ducked any longer. However, there is a pressing question: who should pay for tens of thousands more affordable homes at a time of squeezed budgets?
The Right to Buy is definitely a policy that causes mixed feelings. What its supporters like about RTB is that it helps people who are socially renting into home ownership by providing them with a substantial discount to purchase the property – thus meeting the social aspiration of tenants to own their own home, and providing them with an asset to help secure their future.
But unfortunately it has other negative impacts. A consequence of RTB is that when a … Read more