pocketscience
Well-Known Member
RTB has nothing directly to do with gentrification. It's merely a conduit through which some former social housing becomes a draw (through pricing) into areas, but it's hardly the only conduit.
As for your emotive whine about a rush to buy, there never was one.
In the 80s over 400 council houses were falling into private ownership per day for 10 years! It dropped to 380 per day during the nineties.
200,000 council homes gone in 1982 alone. Over 500 per day
So I don't know what constitutes a "rush" in your book, but I find that a lot of people buying council homes in a short space of time.
By the time people realised that there was money to be made, the tenant discounts had been reduced by half or more - the 80% discounts for tenants with over 35 years' tenure ran for about 5 years in the '80s - and RTB sales have mostly been a slow, steady erosion.
But they gradually opened the criteria up so that virtually any council resident could buy which kept the sales at a steady flow through until the end of the 90s.
Buy that time the property bubble was in full swing. Old council places particularly in inner city London* were vastly undervalued so those discounts were all the more irrelevant.
Any imbecile could see that a dilapidated 3 bedroom council house for 70K in Bermondsey was going to be worth 5-10 times that value in a few years regardless of what % the discount was.
I've been watching RTB since 1980, and social cleansing is a relatively news phenomenon that's currently more tied in with private rental prices than to do with RTB. The true blame lies with Ridley & Jenkins suggesting binning one on one replacement of RTBed homes, and Thatcher biting.
WADR I grew up living it on the front line throughout the 80s. We were bungled from one condemned council estate to the next during the 80s by southwark and lewisham councils.
I was constantly being dragged along to council tenants association meetings as a nipper
When we finally got a decent offer in '85, on an estate in lewisham that wasn't already in the demolition planning phase, it turned out we were the the only council tenants bar an OAP over the road. Everyone (literally hundreds of homes) had bought in. My old man's still there, still pays his rent to the council.
RTB has nothing directly to do with gentrification.
The lack of quality affordable housing is surely the main issue caused by gentrification for residents of an area that's being attacked by it. Abundant council housing, or at least social housing with e.g rent caps, ensures a resistance to gentrification.
It's all the more relevant on this thread as well because it was the "working class" that did the selling out for their own financial gains. That, in the grand scheme of things, puts into context the hate on "owning the means of production" because you're a proud working class lad (I'm picturing a sparky with his very own screwdriver and multi-meter here), and the two twats selling bowls of cereal as being small fish frying.
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