Council homes sold off almost three times as fast as new ones are built

[Kaleel]

Council homes are being sold off almost three times faster than local authorities can replace them, new analysis has revealed, with some local authorities selling 20 times the number of homes that were built in three years.

Analysis of figures from 72 councils who responded to freedom of information requests found the mass selloff has raised more than £930m from the sale of more than 12,000 council house since 2014. In those boroughs, just 4,309 houses were built in the same time.

Read more:

https://www.theguardian.com/society...ost-three-times-as-fast-as-new-ones-are-built

 

[The Cushitic One]

London will become so gentrified,
In 10 years it will become mostly
White, with little to any other
Ethnic minority apart from some Asians.

Some asians have been smart enough
To buy their homes before the house
Prices went through the roof!

 

[waraabe]

I advice Somalis in council homes to purchase them. the gov pays half of it I believe

 

[Kaleel]

I advice Somalis in council homes to purchase them. the gov pays half of it I believe

Precisely they give you a 50% discount after 3 year rent, it's called right to buy. Scotland got rid of it and Wales will soon too. There are calls to do the same in England due to lack replacements for homes sold under the scheme.

 

[emptyheartsflow]

I plan on buying council properties, it has much better ROI than putting money in the bank.

 

[emptyheartsflow]

I advice Somalis in council homes to purchase them. the gov pays half of it I believe

You mean the right to buy scheme? Correct me if I'm wrong but wasn't there a controversy that you needed to earn £70k to be eligible? I haven't researched how it works.