I couldn't disagree more! I think the housing cost issue is pure supply and demand, we have a country which doesn't like to permit building and an increasing population due to (legal) immigration.

I will bash Maggie all day, for her refusal to effectively manage industrial decline in Britain, for her boneheaded belief that a top-ranking economy could exist solely on services, and, most of all, for her idiotic squandering of our North Sea oil wealth. But, Right to Buy was a rare hit for me. I see it as having been a forward-looking policy which aimed to reward people for work -- play the game, and you too can have a tangible slice of society in the form of your own home to possess and care for as you wish. The problem is that we didn't replace the social housing lost to RtB.