As someone who worked and trained in government for many years as well as being involved in the trade union movement I can see there are two equally valid sides to this.
Local government has proven itself to be a very poor landlord having to demolish much of its stock. The right to buy allowed a mixing of tenure giving tenants an opportunity to carry out their own improvements knowing they were investing in themselves. I see much evidence of stability being brought to council estates as a result.
There were sizable discounts allowing those choosing to buy to get a bargain given they had paid rent all these years. Once their mortgage was paid off (and protection was there if becoming unemployed) they were now rent FREE. Hooray! No longer a SLAVE, contrary to what Tony is suggesting.
My friend bought a semi at the same time I chose to rent. Ten years later my landlord wanted to sell and I was evicted. I faced homelessness while my friend now owned his property. It was a risk I choose to take albeit my home over the period was vastly superior to his.
Having now being made to rent a smaller place, I chose to buy, as at least I was investing in myself.
I like building societies and the ability to borrow to buy one’s home. What I hate are private banks lending to governments money they never had, at interest, stolen from the people.
British Rail was a disaster and needed sold off, like getting rid of a broken down car but the utilities etc should have remained in the hands of the state as the family silver so to speak.
At least I know that if I become an OAP, rent/mortgage is something I should not have to worry about having exercised a degree of financial prudence in the past.
Where people are becoming slaves is falling for the must have – must have an expensive car, latest phone, tv, kitchen, holidays etc and max themselves into debt. With the exception of a motorcycle needed to get me to college (with the help of a family member) I have never borrowed except to buy property and having done so I reap the rewards as I get older.
When my second hand CRT finally packs up I’ll go enjoy a 40in telly for all of £80 so long as the programs I occasionally watch remain free. Becoming financially independent was the important thing and achieved that in my early 30’s.