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"Historically, money raised from selling off council houses has not gone far towards building new ones - new ones desperately needed, considering about 1.3 million people are on waiting lists for them in England."

You need to check your facts, BBC.

The Tory government specifically prohibited councils from re-investing proceeds from right to buy sales in building new housing stock.

#BadJournalism

https://www.bbc.co.uk/news/articles/cn7m216p60xo
@fkamiah17 possibly the most stupid, bloody minded policy of the Thatcher era!

(Sorry, the lack of investment in social housing makes my blood boil.)
Another angle to consider is RTB as part of Thatcher's union-bashing strategy: shackle the proles with mortgages and they wouldn't be able to strike any more.

Strike pay covered council house rents, but not mortgage payments.