Alyosha ... the Conservatives sold homes to the people, as I say, the problem is the replacement rate, that was DOUBLE that of Labour with £trillions to spend but clearly a low priority.
Mass immigration that was not a housing problem in 1997, Brown raiding private pensions and interest rates globally coming down so savings went into bricks and mortar, Brown lowered the Capital gains tax to encourage private investment, while councils dragged their feet;
“Councils hustled over housing, says National Trust chief”
www.bbc.co.uk/news/uk-politics-27007451
^“But the government said it valued and protected the countryside and councils had had a decade to come up with plans.”*
^“In 2004, the Labour government introduced local plans, requiring councils to set housing targets and identify a rolling five-year supply of developable land.”
“And, in April 2012, planning law in England was further changed to speed up decisions, with a "presumption in favour of sustainable development" unless negative considerations "significantly and demonstrably" outweigh positives.”
So it was the combination of Labour's policies (or lack of), not Thatcher, that changed the structure of UK housing buy/rent e.g. if Labour only built 130 social homes the 2004 year they opened the door to the EU, AFTER Right To Buy sales, they would have had a NEGATIVE figure.
“Labour's 'rent cap' row: how renting has grown, in charts”
“The charts and tables here show how property ownership is changing, who is renting – and for how much.”
www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10800343/Labours-rent-cap-row-how-renting-has-grown-in-charts.html
“The subjects of renting and buy-to-let spark anger like few others and Labour's latest suggestion – that rent increases could be capped and minimum lengths of tenancies introduced – has added fuel to the controversy.”
“What are the facts behind Britain's growing army of renters? This graph, from the February 2014 English Housing Survey, shows that since 2005 ownership has been in decline relative to renting, which started to climb in 2000.”
“For the first time, according to this year's data, people renting from private landlords outnumbered social renters.”