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Alexander - I certainly think that Councils should have had the right to spend the capital receipts as they wished and if they wanted to build houses so be it.
That said you are wrong - the move in social housing at that time was to Housing Associations instead of council housing. Council overheads are so high it costs council massively more than it costs other organisations to do the same things. She certainly did not 'cripple housing' at all. The biggest problem for housing has arisen from the changes to families and family structures combined with the mass immigration since 1997.
The rented housing demand went up more over the last 13-16 years as a result of interest rates being held too low for too long, reducing returns on savings and making it cheap to borrow. A lot of people wrongly though of buy to let housing as a safe way to build a pension providing a better return than other savings. This helped create the housing and debt bubble that has now burst. Brown reducing tax free savings allowances then reducing the tax benefits for them plus his failures in screwing around with pensions also played a major part.
Alexander - what you cannot seem to understand is that you cannot regulate prices and economies as you seem to think. Attempts by governments to do so in the past have failed and been a disaster. In extreme cases there has been a total overthrow of the system such as the old Soviet Union.
The rest of what you say is just an expression of your own prejudice and insecurities and not worth further comment.
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