Wednesday, 3 July 2013

And the winner of the 2013 Stable Door Award is ...

Calton has decided that the 2013 Stable Door award goes to Nicola Sturgeon for her announcement that the right to buy policy will be scrapped in 2017. Since the policy was introduced by Margaret Thatcher's government, 455000 council and housing association homes have been sold to tenants in Scotland in one of the biggest social engineering projects of the 20th century. It was a transfer of wealth on a massive scale which inflated the housing market from the late 80's until the end of the boom in 2008. Many people benefited from it but we are now living with the consequences - unaffordable private homes and a severe lack of social housing. Unfortunately, it's a bit late to shut the stable door - nowadays only around 2000 sales take place each year, compared to 32000 in 1989/90. Not that Calton disagrees with shutting it - better late than never - but he does wonder why the SNP didn't make it more of a priority when they came to power in 2007, when more than 7000 homes were being sold off each year?

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