Originally posted by Pip in a Poke
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Nice. I was wondering about that. If i come back to London, what's to stop me putting my name down for a council flat? It might take 5 years to arrive but I'll tell them I'm depressed or something.
When I get it I'll rent it out for a few years cash in hand. And later I'll take up the "right to buy" and buy it cheap- still rent it out. 5 years after that I'll sell at a good profit.
That's called the London waiting allowance. Everyone's at it.
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