Making housing affordable

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Re: Making housing affordable

Post by WFJ » Wed Aug 03, 2022 1:08 pm

science_fox wrote:
Wed Aug 03, 2022 12:36 pm
WFJ wrote:
Wed Aug 03, 2022 11:04 am
You can't make housing more affordable by screwing with rental markets. You'll just make things worse for the less well off. Right to buy is a terrible idea whether applied to privately or publicly owned housing.
I don't know about a terrible idea... but certainly anything that is bought needs to be replaced with a more social low-cost housing. And the council housing authorities that owned the original stock won't have the funding to do so .
Making housing affordable is a sensible and worthy goal. Making buying a house more affordable might be, but not if it comes at the expense of making housing less affordable overall.

Right to buy is a subsidy given to those fortunate enough to both be able to afford to buy their homes and have the stability to tie themselves to one location for a long period, but this subsidy is paid by those not lucky enough to meet these criteria.

Interfering with rental markets might be a good idea if it is done in a way that benefits tenants. For example by better regulating landlords or giving more rights to tenants. This may also have knock-on benefits for making house buying more affordable, as it makes being a sh.t landlord less profitable taking some sh.t landlords out of the buying market.

Right to buy, and other methods that aim to give owner-occupiers a competitive advantage in the house-buying market over landlords, interfere with rental markets for the benefit of owner-occupiers not tenants. This is a Tory-esque policy that screws those at the bottom for the benefit of the wealthy.

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Re: Making housing affordable

Post by discovolante » Wed Aug 03, 2022 1:15 pm

Speaking of rental market interference. The government was going to end 'no fault evictions' in England (I think maybe discussed elsewhere?), although God know what's happen now. Of course as the article mentions these were introduced in Scotland in 2017. (Although 'no fault' is a bit of a misnomer as e.g. landlord selling or moving in can be a ground for eviction, so they should probably be called 'no reason' evictions.) As were 'rent pressure zones' which councils could use to limit the amount rent could be increased by in certain areas, linked to CPI. Which has never actually been used, mind.

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Re: Making housing affordable

Post by TopBadger » Wed Aug 03, 2022 4:09 pm

The rental market seems to work better for long term occupation in other countries (e.g. Germany, Sweden) in terms of security for the renter... but they have the same issue in that there is not enough to go around.
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