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Thursday, March 15, 2012

Social Housing

As we near the Mayoral elections, it is worth remembering that the LCC, and after them the GLC, were instrumental in building a large quantity of social housing in London, such as this. However the policies started by Margaret Thatcher to deliberately run down the quantity of available council homes means that you can now buy a one bedroom flat in this block, behind Old Street, for £220,000.

posted by Ham at 00:02 -- Comments here: 4

Comments on "Social Housing"


Blogger Steve A said ... (00:15) : 

Exaggeration! It isn't a New Pence over 219,950!


Blogger cara said ... (01:58) : 

A Steal! I'll take one.. and one for my butler!


Blogger Helen said ... (12:35) : 

But the policy allowed people who could not have dreamt of owning and selling property and moving out where they wanted to, to do so. Something the middle class critics have always taken for granted.
Also, those flats are cheap enough for first time buyers who would not be able to buy in London otherwise.


Blogger Ham said ... (12:52) : 

Helen, the issue is not (in my mind at least) the selling off of council stock which has the added benefit of improving the quality of life on the estates, but preventing more being built.


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Name: Ham Location: London, United Kingdom View my complete profile