Sadiq Khan emphasized the need for local councils in London to have the authority to govern the right to buy scheme, highlighting the disconnect between national rules and local needs. He said, "I think the Government should devolve to London the ability to decide whether to pause it, to stop it or for it to continue. We are the best people who know the position in London." This underscores the argument for localized governance in housing policies.
Mr Khan pointed out historical failures in the right to buy scheme, stating, "My anxiety about the right to buy is that over the last 40-odd years, for every six homes sold off, only one has been built." This statement raises concerns about sustainability in housing availability amidst ownership aspirations, illustrating a broader issue in London's housing crisis.
Discussing the housing market, Khan noted the stark disparity between income and home prices, saying, "the average London house price was 14 times the typical household income". He highlighted the financial strain on residents aspiring to own homes, further stressing the need for strategic housing solutions.
Reflecting on his background and the right to buy scheme, Khan said, "Of course, I understand, as somebody who went through this, the aspiration that all of us have to be homeowners." This personal connection emphasizes the emotional aspect of housing policies and the desire for home ownership among council tenants.
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