Housing: Rented Homes — Question

Part of the debate – in the House of Lords at 11:06 am on 1 December 2011.

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Photo of Lord Cormack Lord Cormack Conservative 11:06, 1 December 2011

My Lords, will my noble friend recognise that although the right-to-buy policy was rightly and widely welcomed, and many of us welcome what the Chancellor said in outline, nevertheless it took a lot of houses out of the affordable bracket? It was a particular mistake to allow those occupying old persons' bungalows to buy their houses because it meant that their children bought them and then sold them on at a great profit, thereby depleting the stock of that sort of housing. Can we please not repeat that mistake?