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Housing Policy Is A Disaster – So Let’S Make It Worse

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"I’d like to believe the government’s rhetoric – that this is a policy aimed at improving the lives of deserving individuals who can currently only dream of owner-occupation. The difficulty is that those people live in private rented accommodation, and can currently only dream of council or housing association occupation. The government’s plans only make those ideas even more distant. If anyone needs the right to buy, it’s people who are renting privately" [more at link]


http://www.theguardian.com/commentisfree/2015/may/29/housing-policy-buy-to-let-disaster?utm_source=twitterfeed&utm_medium=twitter

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"Id like to believe the governments rhetoric that this is a policy aimed at improving the lives of deserving individuals who can currently only dream of owner-occupation. The difficulty is that those people live in private rented accommodation, and can currently only dream of council or housing association occupation. The governments plans only make those ideas even more distant. If anyone needs the right to buy, its people who are renting privately" [more at link]

http://www.theguardian.com/commentisfree/2015/may/29/housing-policy-buy-to-let-disaster?utm_source=twitterfeed&utm_medium=twitter

As predicted, the unintended consequence of the policy of forcing private companies to sell their property assets has opened up the debate about the short jump to forcing private individual landlords to sell their assets too.

It should be stated that there is zero chance of the rentier party enacting a policy like this in the next 5 years, but as the housing crisis continues to fester, and as the demographic sands shift, there's a reasonable possibility that this could be an opposition party pledge come the next election.

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As predicted, the unintended consequence of the policy of forcing private companies to sell their property assets has opened up the debate about the short jump to forcing private individual landlords to sell their assets too.

It should be stated that there is zero chance of the rentier party enacting a policy like this in the next 5 years, but as the housing crisis continues to fester, and as the demographic sands shift, there's a reasonable possibility that this could be an opposition party pledge come the next election.

Perhaps for a party following a national socialist or socialist model.

What's worth noting is that Scotland and Wales both seem to be working towards abolishing RTB - I think I've only ever seen the BBC report this recently. They've figured out the solution to the housing problem is less RTB, in England however the desire appears to be:

moar_birds.jpg

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Interesting to see that argument coming from the Grauniad. Because the same argument applies to all social housing, including that which is called "affordable" in today's Newspeak. Deserving, hardworking people are locked out of it, though still required to pay the taxes that fund it.

It would indeed be ironic to see the Grauniad become a flag-bearer for a free market and for ridding us of the government meddling that's spent 70 years wrecking our housing market.

Edited by porca misèria

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Perhaps for a party following a national socialist or socialist model.

What's worth noting is that Scotland and Wales both seem to be working towards abolishing RTB - I think I've only ever seen the BBC report this recently. They've figured out the solution to the housing problem is less RTB, in England however the desire appears to be:

Godwin's law ? en.wikipedia.org/wiki/Godwin%27s_law

Edited by Saving For a Space Ship

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Britain is in such a weird position in terms of housing. Everyone knows what is wrong – demand outstrips supply. But the asset inflation is so extreme and so lucrative that for people even modestly on the “right” side of it, fixing this miserable and loathsome problem feels like killing the goose that’s laying the golden eggs. For many years now, Westminster has spent all of its energies on thinking up ways of making the goose keep on laying. The fact they can stand before us calling this socially toxic short-term desperation a “long-term economic plan” is astounding.

More new homes need to be built but crazy house prices and the consequent damage to the UK economy isn't at it's core a supply/demand issue.

Edited by billybong

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Good article. I agree that its private renters which need helping, the only way they can be helped is to build more houses and remove the damaging props and policies which are artificially supporting the market. In other words, allow the unthinkable, property to return to "normal" prices. So, basically no chance of that happening...

I can't help but feel this market is creating a lot of animosity in society between sections who are benefiting and those who are not. I see the boomers and housing tenants as being issued a licence to print money at everybody elses expense. Life would have been much easier for me if I was eleigible for a council house or housing association property. Unfortunately, as I haven't had kids I can't afford, arrived into the country homeless, have a good job and no health, drug or alcohol problems I wouldn't even bother applying as I know where I would come on the list. Offering knock down rates (and the profit at market value) to people who have had secure rent for years when others are working to service higher rents in often poorer accomodation is a kick in the teeth. Are we working to pay the pensions and mortgages for the boomers and to subsidise the sale of public and housing association properties to those who may be on a fraction of our incomes? Feels like it at the moment.

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