In the news

**Expensive council homes should be sold, says Policy Exchange think tank
**

This troubles me. Are we heading for ghetto type living in London?

I think this is an irrelevance.

1. I'm sure councils have already thought of selling off their valuable properties, and if they could they would. (after all, they have in the past). The ones with long term tenants they cannot sell.
   
2. council rents for new tenants are (I think) approaching market rates, so why sell off a property to some other landlord when it is generating a decent return for the council?
   
   

As an intersting aside, Islington council owns some very lovely georgian houses in such a parlous state of repair that in at least one case they have rented it for free to a long-term tenant on the condition that the tenant restores and renovates the property.