Did local authorities sell prized land too cheaply?

[Nicholas Wallwork]

If you look back to the 1980s the UK government of the time, under Margaret Thatcher, instigated the biggest change in the UK property market in living history. The right to buy scheme saw many people take up the offer of acquiring their council properties at a discount to the market value. History now shows

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[Longterminvestor]

Impossible to say without knowing how local authorities invested of the funds raised and what kind of return they received. Also, would the UK housing revolution be where it is today if they have not sold off part of the UK government land bank?