I recently stumbled across this blog called “Single Aspect” and had a number of interesting conversations with the Author about the Right To Buy (RTB). I was intrigued as I had always believe the principal of giving someone the RTB was great.
I thought it was a way of lending a helping hand to someone who was unable to support themselves, and then eventually letting them stand on their own two feet (by letting them buy their flat at a discounted price and then they will no longer be a burden on the state because they will no longer be claiming housing benefit).
I also believed that there was no “loss” by giving them the flat or house at a discounted price because they would still be buying it at its “material” cost, e.g. the housing association would not be making a loss on it, they simply wouldn’t be making a big profit, like the housing developers do (well, “apparently” they do, but in my experience they make 18-25% profit which seems normal, and the fact that many house builders went bust after the housing boom in 2009 / 2010 would sort of prove my point – surely they aren’t making HUGE profits?)….
I USED to think that the RTB was the only good thing that Margaret Thatcher had ever done….
Now, all of the above were my uneducated opinions about a scheme I knew little about. After reading Pauls blog at “Single Aspect” I have formed a more well educated opinion, based on more facts, not just a bit of hearsay and personal opinion….