[ZeroGravitas]

The original idea of right to buy, as discussed by Labour, in the late 70s was to reinvest the money from sales in building new council houses.

The Tory policy implementation sold them off cheap and slowly ratcheted down the amount of the sales price going to that purpose and the building dramatically slowed. Again, not an accident or unintended effect.

Basically bribing the better off council house owners into voting conservative (and for policies that cause the housing crisis) at the expense of the poor.