A total of 139 former council tenants bought their homes
under Right to Buy and resold them within one month, the BBC found. Those
resold homes created a £2.8m collective profit. Opponents of the scheme said
too many people had profited from a policy that had "much bigger social
ambitions". Supporters said Right to Buy helped people climb the housing
ladder and secure their families' financial futures. The former tenants were
allowed to buy their homes at prices below the market rate. However, those who
sell within five years of purchasing, should have to pay back some or all of
the discount they received. Read more on the BBC website.
A fifth of California homes are investor-owned as state’s affordability
crisis deepens – report
-
New figures show that the Golden state’s rate of investor-owned homes is
19%, with mountain regions up to 83%
One in five homes in California is owned by...
3 hours ago
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