Tuesday, Jun 29, 2010
Is it Time to Rethink our Attitude to Home Ownership
BBC Radio 4: You & Yours
An hour-long phone-in discussion on renting vs buying, with two experts, Claer Barrett from Investors Chronicle, who talks lots of sense, and Michael Luger, of Manchester Business School, who reckons that government should maintain subsidy schemes to help FTB!
Claer says that there is no one housing market, and that outside London, prices are collapsing.
Many callers eruditely expose the problems within the UK, and one, a former chief rent officer (@24:24) explains that prices are directly related to the level of housing benefit allowance available, which soared when rent boards were abolished and valuations placed in the hands of a quango. The German system is also mentioned in some detail... all good stuff rarely heard on the mainstream media.
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