nanna8
I think social housing should mainly be for people who cannot work and earn sufficiently to survive for whatever reason. I don’t think it should be for anyone just wanting a cheap rent. In the old days a lot of people used to run very expensive cars because they were in subsidised housing and I think that is wrong. There are very few housing commission houses here, you have to be really,really on your uppers to get one.
Why do you believe council housing was subsidised? In fact, there are a number of factors and formulas, including scale, land value, initial financing costs, rents charged, maintenance needs and more, which determine the point at which social housing becomes profitable.
Right to buy, which requires discounts from LA funds, has lengthened that period considerably, as well as all the other damage it’s done.