“Freedom of information requests by Inside Housing show that of the £1bn raised since 2012 to replace right to buy, £27.3m of it has been used to buy back homes sold under right to buy.
The government encourages the sale of council houses by offering attractive discounts to tenants, who understandably choose to buy. The council is then faced with dwindling stocks while waiting lists lengthen and homelessness spikes. So it uses its cash to buy back the homes it could not afford to lose in the first place.
If you’re not angry, you should be – it’s a damaging policy that uses Treasury cash to gift people cut-price homes, only to buy them back at full price.”
East Devon Watch 