Ex-council flat in central London sold for record £1.2m Ex-council flat in central London sold for record £1.2m
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    Default Ex-council flat in central London sold for record £1.2m

    "A former council flat in central London has changed hands for £1.2m in what is thought to be a new record for an ex-local authority apartment.

    The three-bedroom property near Covent Garden has been sold by the original buyers, who bought it from Westminster council in 1990 for £130,000 under the right-to-buy rules introduced by Margaret Thatcher. Although it failed to reach the initial asking price of £1.35m, the sellers are unlikely to have been disappointed with a return on their investment of more than 800%."

    Ex-council flat in central London sold for record £1.2m | Money | The Guardian

    That's ****ed up, so much got great Thatchers' idea to sell council flats on the cheap - could have been sold now for millions to repay Govt debts and poor sods living in them forcibly moved to slum it somewhere grim like Birmingham

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    Councils have to wait until current tenants drop dead as it's against their human rights.
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    Yep, RTB was probably Maggies most enduringly bad policy blunder and it will continue to echo through the generations

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    Quote Originally Posted by alphadog View Post
    Yep, RTB was probably Maggies most enduringly bad policy blunder and it will continue to echo through the generations
    Unfortunately she didn't appreciate the level of sewer rat in the country and the inherent greed that a capitalist environment creates. But that's the problem we've had for decades as the country flip-flops between socialist and capitalist governments to divert attention from the real issues.

    There isn't a level playing field but there needs to be a more pragmatic one. I'd see a government co-led by Richard Branson and Stephen Fry as far more inspiring than this bunch of clowns.
    The greatest trick the devil ever pulled was convincing the world that he didn't exist

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    The plutocrats are raising their ramparts using gold bars whilst the great unwashed scrabble for scraps.

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    Quote Originally Posted by PurpleGorilla View Post
    The plutocrats are raising their ramparts using gold bars whilst the great unwashed scrabble for scraps.
    No I'm not, I'm drinking coffee and laughing at you.

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    Default Ex-council flat in central London sold for record £1.2m

    Quote Originally Posted by DimPrawn View Post
    No I'm not, I'm drinking coffee and laughing at you.

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