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General   (General discussion, talk about anything.)

Started by: Owd Codger (3018)

In the early seventies, Barratts built a estate of flats and houses in New Springs but could not sell them with the result that the Council bought them, only to find within the same decade, tenants were buying them under Thatcher's right to buy policy at a price far lower than what the Council had paid Barratts for them.

The irony being that the 'private' estate that Barratts could not sell in the seventies is now more or less a 'private' estate,.

Most of the new houses now being built in the country today are being bought are by the relatives of many of those who jumped on the bandwagon of buying the Council properties at the lower prices than what they were worth, selling them at a massive profit and with the profit buying a new 3/4/5/6 bedroom house on many of the estates springginh up all over the country.

People selling land including greenbelt land for profit, house building companies building more of the larger houses which yield more profit than smaller houses and not building bungalows for the increasing elderly population as again there is less profit in single story houses with Councils getting more council tax on the bigger houses than what they would get on the smaller social housing.

A housing policy which is now more based on making profits rather than a necessary need for those desperate for a home of their own.



p.s. Even Labour politicians at both national and local level who opposed the Thatcher policy of the seventies have not been adverse in jumping on the profit making bandwagon!

Replied: 15th May 2022 at 09:36

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