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i think most of them were sold off under the Right to Buy scheme
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A couple of years ago I lived in a little detached cottage on Barnes Common in Putney. The rent was about £1500 a month. It was owned by the primary school next door which was connected to the church opposite us. I'm sure they could have sold it for a lot of money but from their perspective it was an easy way to keep a bit of spending money trickling in which didn't effect school funding. I imagine having a big wedge of cash from selling assets might do.
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I'm a little bit surprised the council hasn't tried to sell them all off.
It probably hasn't had to. Hackney's sell-off apparently only came because of their financial problems--they weren't fully bailed out by the Government, which had just changed to Blair, but had to generate quite a lot of cash from selling the family silver. Haringey, to the best of my knowledge, didn't plough £70m into an ill-advised leisure centre with a fancy roof that leaked and where you could see into the women's changing room from the staircase to the upper floor. It's likely that Haringey has long-term tenants in many of its street properties and they wouldn't evict these people or move them around.
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Oliver Schick
@aggi
Cheers all. I only moved to London when prices were starting off on their ludicrous phase so had forgotten about the cheap spells.
I'm a little bit surprised the council hasn't tried to sell them all off.