Should social housing tenants have the right to buy their rented homes at a discount?

The 'Right to Buy' is a policy introduced in the UK in 1980 that allows tenants of council housing to purchase the home they live in at a significant discount. Since its inception, millions of homes have been transferred from public to private ownership, significantly increasing the rate of home ownership among the working class. Proponents argue that the policy democratizes wealth and gives tenants a stake in their community. Opponents argue that because the sold homes were rarely replaced, the policy has decimated the stock of affordable social housing, forcing low-income families into expensive and insecure private rentals.