Very sensible idea here which I am sure the political left will instantly despise;
Councils should sell off their most expensive houses and reinvest the money in building cheaper homes, the Policy Exchange think tank has said. Selling top homes when they become vacant would raise £4.5bn a year, enough to build 80,000 to 170,000 new social homes, providing building jobs. It says social tenants deserve a roof over their heads but not one that is better than most people can afford.
I fail to understand why Councils should own expensive housing stock in the first instance. Yes, I know how it has arisen but if they sell these assets and invest in building new property IN OTHER AREAS then that might be a very constructive (sic) thing to be doing. Of course one also has to wonder who the recipients of all these housing stock largesse will be. Like so much else it has a link to Immigration and unless that tap is turned off, there will STILL not be adequate levels of housing stock.