Council housing benefits the many as well as the few...
and should be the Keynesian keystone of any genuine levelling up project.
Seven winners in building council housing
- Lending money to a local authority to build houses is a rock solid cannot fail investment
- The Council acts as developer and builds at cost
- New jobs are born and grow in housing departments
- Construction industry benefits for years
- tenants benefit from secure accommodation to build secure families
- The benefits system covers rent for tenants in need
- In due course housing brings in a high income return as funding is paid off. This can be reinvested by the council.
Any losers?
Thatcherites might argue it competes with and depresses private sector house building.
This can be offset by using existing house builders to tender for the council house building.
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