Since 1980, when public housing tenants in England and Wales were given the right to buy their homes, sales activity has been strongest in Conservative councils and weakest in Labour ones. In recent years, however, this pattern has changed, with Conservative councils recording the lowest sales levels. It is suggested that this owes much to the boom and bust character of local housing markets in the late 1980s, along with growing fears over unemployment. Using a statistical model to control for underlying influences on purchases, this article examines sales rates for every year from 1977/7&1989/90 for all 333 district councils in England and Wales.