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Old 11-12-2010, 13:45   #396
nomadking
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Re: Students Rioting in London.

The 'Right to Buy' scheme was a method of giving the current tenants retrospective credit for rent paid in the way of a discount. They still had to be able to afford the mortgage on the discounted price on the same basis as everybody else. Home ownership was still seen as an aspiration(ie something that had to be aimed for and earned) and not an automatic right. They were bought to live in, not to sell for profit.

I remember living on a large council estate when it was first brought in. The first thing people changed was the estates standard front door to one of their own choice.
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