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Expensive social housing - which Policy Exchange defines as housing worth more than the average property in each region - accounts for 21.8% of the total social housing stock in the UK, it says.
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"We would tax houses worth over £2m.
They sold the Cape Cod house, worth about half that.
Now they are living in houses worth £1m and rising.
"People who bought for $300,000 now have houses worth $1 million.
He noted that Mr. Hasanoff owned a house worth about $750,000.
According to the Nationwide, a house worth £100,000 in 1997 would now be worth £282,251.
But he lives in a spacious custom-built house worth nearly $3 million.
A family from Brooklyn say they paid $171,000 for a house worth at least $50,000 less.
He retired in late 2005, with six hundred thousand dollars in investments, and a paid-off house worth two hundred thousand.
His parents, in all likelihood, own a house worth several bazillion pounds.
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