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I agree with pretty much all of your post until the predicatable droning about the rich getting richer etc, the sellng of council houses was a disgraceful policy which have never agreed with.But the point is (as we've mentioned on here many times before) the political decisions taken now will be driven by decisions made 20 or 30 years ago.
The sell off of council housing and the block on investing the income into new housing has caused this decision. I read that people say 'if this were proposed from scratch nobody would stand for it' but it isn't. We're playing politics with real people's lives here. Let's not forget that if there were enough reasonable social housing available and the more desirable council houses hadn't been sold then we wouldn't be having to make this decision now.
Once again the rich will get richer (and landlords included) and the poor can put up with it. It would seem that the Neil Kinnock (not my favourite politician I must say) vision of a conservative Britain is coming to pass