The government is enabling our dangerous and damaging addiction to property speculation. They have increased the Right to Buy ?discount? to ?75,000 or 60% of a houses value (70% for a flat). A year ago the maximum discount in London was increased to ?100,000. Public assets acquired over a long time are being thrown away - sold off way below market value and for significantly less than the cost of providing replacements. Many (36% according to a 2013 London Assembly report) are now being let by councils from private landlords, or by individuals who pay the crazy rents demanded from housing benefit (i.e. paid by the taxpayers who also paid for the houses to be built in the first place). Many of these discounted council houses are acquired by speculators, buying properties through ?deferred transaction agreements?. Meanwhile, incentives for buy-to-let are higher than those offered for any other investment. All of this is a insane. The government claims to want to bring down the deficit ? well the best way to do this in the long term is to stop pursuing policies which stoke up house prices and rip off rents (thereby hugely increasing the housing benefit bill), stop selling off public assets at a huge loss, stop incentivising property speculation (as opposed to ?home? ownership) and invest heavily in new social housing... In my opinion