Looking back, it’s amazing we were all so naïve…
Or it would be, if so many of us weren’t even more naïve today.
Back in the 1970s and 80s, Margaret Thatcher told the UK that she wanted to sell council houses to their occupants in order to make us a “nation of home-owners” – and millions of people, quite literally, bought it.
But what happens when social housing is transferred to the private sector and not replaced?
People naturally try to sell off their ex-council homes in order to move to better housing stock. The buyers tend to be landlords, rather than new residents, meaning less housing is available to people who want to buy.
Result: House prices and private rents increase. Fewer people can afford to buy or rent.
That’s where we are today, folks.
Not a nation of home-owners; increasingly, a nation of the homeless.
So, was buying that council house back in 1984 really such a good idea?
Around double the number of private tenants are been being evicted from their homes now compared to when David Cameron first came to power, new figures show.
A total of 22,376 private renting households in England were evicted in the last 12 months – twice as many as in the same period five years ago.
The numbers, which are drawn from Ministry of Justice statistics on repossessions by county court bailiffs, as well as landlords using the accelerated procedure, come as the House of Lords tries to block the Government’s new Housing Bill, which some peers say will lead to an even bigger shortage of affordable homes in Britain.
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