In their general election manifesto, the Conservatives promised to ‘extend the Right to Buy to tenants in Housing Associations’. More than 1500 housing associations, all registered charities and some, like Peabody and Guinness, over a century old, would have to let tenants buy their houses at discounts of up to £103,000 each. The cost would be met by forcing local authorities to sell their most valuable council houses. After paying off councils’ debt, in theory these sales would not only provide enough to compensate housing associations for their losses but also allow replacement homes to be built both for them and for the councils. In practice, no one knows if the numbers will stack up: the financial details were removed from the Conservatives’ website shortly after they were put up and official figures haven’t yet been produced.