Extending right-to-buy is Cameron’s big bazooka. But will it work?
Just a few weeks ago, David Cameron had not decided whether to extend right-to-buy to a further 1.3 million families in housing association homes. The idea, from Iain Duncan Smith, was relatively new and carried risks. As all radical policies do – but you can see why Cameron would be worried about this one. Imagine two men, who work next to each other in a factory. One rents privately, the other rents from a housing association and is now offered a massive discount to buy his house: up to £102,700 if he’s in London, £77,000 outside it. He’s is over the moon: his capital gain would be more than he’d be able to save in a decade
