Build more council homes. Not so long ago, this idea was, although not new, radical. So thoroughly had Margaret Thatcher schooled the nation in the virtues of private property that, decades after her departure, it still seemed outlandish to mainstream politicians to go back to what had been the main way of addressing housing need. Now, as it has finally sunk in that the private sector cannot, will not and should not be expected to fill all the gaps in the supply of homes, even Conservative politicians are calling for local authorities to be given the powers to do so instead.
However, whenever the case is made, it raises the obvious question, which is where to find the money. Everyone knows that housing is expensive. Everyone knows – or did, before it was found that national wealth can be frittered and forsworn in the great Brexit adventure – that the government has been in the grip of austerity for all of this decade. It’s a reasonable point.
Continue reading...from Property | The Guardian http://bit.ly/2U3kQ1M
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