There are two things in life you can't choose, your family and your neighbours.
The trouble with ex-council properties is a simple one.
If you buy a house for £80,000 then the other houses in the area will be worth roughly that and the people around you will be earning a similar income or paying a rent that is comparable to the area, with council property it's different, you can get a family of smack heads move in.
The thing is that the money raised from sales has not been invested in new housing or fixing the existing stock, what I do find galling is the sight of tower blocks that were formerly council owned by Sefton Park (Liverpool 8) that have now been privatised.
Slightly off the question but there's also the Edge Lane widening scheme, people who've lived there (owners) for years are being forced to move away to other parts of town.
They've suffered all the hardships and now the investment is finally being made in the area they're getting evicted.
There's one word for this policy, gentrification.