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  • At a guess they would have bought them when they were very cheap and when it was politically acceptable and desirable for them to do so (50s-70s). Unlikely to be CP, probably just the buyer of last resort because the houses were fucked and couldn’t be sold easily on the open market.

  • I remember reading an article by someone who was talking about a move their parents made as a child. Their parents were tossing up whether to buy a townhouse in Islington, or something newer in Guildford with a garden for similar money; the London prices were apparently running so much cheaper then that the two were sort of comparable.

    They went for Guildford, 30 - 40 years later there's quite a difference in those house prices...

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