Quote:
Originally Posted by nomadking
Wasn't it Labour who kept going on about that it was almost a right(as opposed to an aspiration) to own a house regardless of income, in order to get on the 'property ladder'. They even introduced schemes which were meant to enable those with lower incomes to do so.
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I've a suspicion that much of that attitude came from Margaret Thatcher's government and the sale of Council houses.
The Labour contribution was more the raiding of pensions leading to people using property as an investment and stretching themselves perilously thin to get as many properties as possible.
Buy to let increased massively under Labour, pumping housing demand up which in turn had the effect of pumping house prices up.