United Kingdom
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The calculation here is probably that it's worth the 50k to retain an existing house, if they built another one they would still be obliged to sell it at a discount
Which is why right to buy is so terrible, it's selling off public assets at a discount to what often becomes private landlords.
Yep. And particularly galling when the newly minted landlord rents their house back to the council to use as temporary accommodation
Yet more reasons to hate Thatcher, but no one has changed it since either