"So much of this housing will still be Council housing but some of it's been wiped abide (???).
If you're in one of these and you're paying a private landlord you're paying much more than your neighbors will be and if things carry on as they are (carrying on at present???) you eventually lose this as a social housing provision and it becomes somewhere where students might live or members of staff at the University might live."

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He says "....some of this will still be council housing but some of it will have been 'right to buyed' ". This is a made up word, from "rigth to buy" , a policy brough it many years ago that gives tenants of council owned rented properties the "right to buy" - in other words to buy the house from the council, usually at a substantially reduced price compared to the value of the house. This is to encourage home ownership and the perceived benefits of that....

He does say (and it is correct grammar to say it) "and if things carry on as they are..."