Abstract
This paper presents a method by which the opportunity cost of sales of local authority housing might be assessed, taking account of the financial effects of sales on taxpayers and ratepayers and in particular the effects on waiting list applicants. A method is suggested by which the pattern of vacancy losses over time resulting from a one-period sales programme, and the cost of a compensatory replacement programme may be estimated. The paper also presents some examples to illustrate the working of the method.
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