>>>Why can't they use those thousands of newbuild properties that aren't selling that we read about.
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>>What are you, some sort of a commie?
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>Slightly left leaning.
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>But actually if local authorities could buy up empty speculative build housing at a knock down price to provide housing for the homeless or low income families that could only be a good thing. In the long run those prices will recover and the local authority would have a nice valuable asset.

They would be turned into dumps by neglect, willful damage, diversion of maintenance funds, etc just like other government housing projects.

To sell them after several years someone would have to pay to tear them down.

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>Turn cynic on
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>then could sell them in the next housing bubble and buy the next round of speculative housing in say 20 years time.
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>Turn cynic off
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>Nick