The next door local authority to me have a budget to spend on building new housing stock. They're struggling to spend it because the planners keep rejecting their plans for affordable housing.
If they don't spend it they lose it, so they decide to just buy open market houses. Its their only option.
Policy makers say they can't overpay, so to be sure they don't policy says they can only buy stuff which has been for sale for over 6 months, which is basically all the overpriced shit no one wants...
They recently bought an ex council maisonette, bought as a right-to-buy from them in the 80s for £18,000 for £200,000.
How's this for shit government policy:
The next door local authority to me have a budget to spend on building new housing stock. They're struggling to spend it because the planners keep rejecting their plans for affordable housing.
If they don't spend it they lose it, so they decide to just buy open market houses. Its their only option.
Policy makers say they can't overpay, so to be sure they don't policy says they can only buy stuff which has been for sale for over 6 months, which is basically all the overpriced shit no one wants...
They recently bought an ex council maisonette, bought as a right-to-buy from them in the 80s for £18,000 for £200,000.
Brilliant.