In 1980 the roughly three-in-ten families who lived in social rented housing were given the right to buy their homes at subsidised rates.
At Prime Minister's Questions, Mr Miliband also accused the prime minister of "not knowing his own policy" on curbs on housing benefit for spare rooms in rented social housing.
Throughout the city, it is hard to distinguish "social" housing from privately rented accommodation, though there are three or four estates like Vahrenheide where most of the tenants are out of work or on social security and there is a problem with vandalism and drugs.
In announcing the consultation in June, Housing Minister Keith Brown said reducing the number of people living in social rented accommodation who had the right to buy their homes would boost the supply of social housing across Scotland.
From April 2013, housing benefit for working age people in social rented homes will be linked to the size of property councils believe they need.
The government said it was considering plans for housing reform "to create a fairer and more effective system for those living in rented housing" and to "support aspiration and social mobility".
Social Care Minister Chris Robertshaw said the island needed effective regulation of private rented housing.
BBC: Isle of Man's private rental sector standards views sought
Housing Minister Dave Jones said there had been great progress in social rented and partial ownership schemes.
Also chosen was the Bourne estate on the east side of Poole which although located in the same town as upscale Sandbanks, has a large proportion of council, housing association owned and privately rented accommodation, and high levels of anti-social behaviour.
Social Development Minister Nelson McCausland explained that currently 86% of people living in rented accommodation in Northern Ireland had their housing benefit payments made directly to the landlord.
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