Friday, January 2, 2015
Chances of this happening any time soon sqrt(naff all) but some good points
"Think tank Civitas argues tenants need the same level of security as owner-occupier, meaning the ability to stay in their property as long as they wish" A fair regulation would be along the lines of local water water monopolies, i.e. cost plus normal profit. Land has no cost of production so only amortised construction, maintenance, marketing and insurance plus maybe max 20% profit. Housing is an essential for life, it should not be subject to price gouging. Alternatively the right to build should be granted to all private renters on any public land - absolute chaos would ensue but at least the monopoly would be weakened.