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President Trump.

Any why are house prices rocketing ? Thatcher sold all our social housing which was provided by the nearest thing to a Socialist Government we have had at the end of World War ll, Nowadays property is regarded by the rich as investment opportunity & becomes an item in their property portfolios. Do you really want that ? It doesn't help when you label a Social Democratic Party as Marxist. These accusations existed before Corbyn. No doubt you will have read in your tabloid about Red Ed Milliband.

As I've already pointed out to Pope on a different thread, house prices are a function of supply and demand. I don't agree with social housing being sold off, but the house is still there, so makes no difference to supply. In fact you could even argue it reduces house prices, as more are up for sale. On the demand side they aren't building enough housing, but demand is increased massively by immigration, and the ludicrous level of students we have.
 
As I've already pointed out to Pope on a different thread, house prices are a function of supply and demand. I don't agree with social housing being sold off, but the house is still there, so makes no difference to supply. In fact you could even argue it reduces house prices, as more are up for sale. On the demand side they aren't building enough housing, but demand is increased massively by immigration, and the ludicrous level of students we have.

The whole purpose behind social housing was to house local people who could not afford to buy a house. If left to market forces only the rich benefit who already may have several properties in their portfolio & are able to charge extortionate rents or just left empty while they appreciate in value. In the days when when social housing was working as it should, those in need of housing had to apply to their local council & if they met the local criteria which was mainly the need to be housed & be a resident of that locality then they were placed the council waiting list which was open to scrutiny just like the NHS waiting list is now. So being purely local it wasn't available to speculators , immigrants & students from afar.