Wednesday, June 25, 2014

Instead of investing in houses, why not invest in companies that employ people?

The homelessness crisis in England: a perfect storm

"Last year, 112,070 people declared themselves homeless in England – a 26% increase in four years. At the same time, the number of people sleeping rough in London grew by 75% to a staggering 6,437. Why? A £7bn cut in housing benefit, welfare reforms and a huge lack of affordable housing"

Posted by alan @ 08:20 PM (2229 views)
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One thought on “Instead of investing in houses, why not invest in companies that employ people?

  • stillthinking says:

    I don’t see that a reduction in housing benefit necessary means less affordable housing, particularly in London. There are many places, my favourite example being the Uxbridge Road heading off Shepherds Bush, that whole area, where there isn’t any private ability to pay rent. A reduction in housing benefit simply means rents go down.
    The only affect of housing benefit is to encourage new builds, but there is huge pent up demand for new builds anyway, the lack of new construction isn’t because of inadequate housing benefit subsidies, currently at 1K per worker anyway, a ridiculous amount.

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