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Re: Crazy Ex Council House market prices!
On the contrary - there are people who are in the business of buying crumbling houses, "doing them up" and then renting them out, only for the tenants to find the underlying problems have merely been plastered over. Cue lots of documentaries on channel 4 and posts on this forum from people moaning about private sector landlords.
Doubtless some properties could be renovated, but when you have half a dozen streets of terraced houses, some of which may be repairable but others of which would require major structural intervention, it can easily be cheaper to simply bring in the wrecking ball.
Add to that, do we really want to be putting people in thin-walled, high-density housing with inadequate car parking in the 21st century, even if it can be brought back into use?
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