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Topic Originator: Wotsit
Date: Mon 2 Sep 18:00
Labour is proposing a new Right to Buy scheme which will seek to empower people to buy their private rental property.
I'm old enough to remember when the original Right to Buy was being proposed and it was a full-on ideological statement that people have an absolute right to own the home in which they live. And at a massive discount too.
So imagine my surprise when these same ideologues are now claiming that the owner of the bricks has all the rights and the mere tenant suddenly shouldn't have the right to own their home because reasons.
Do you think that people have a fundamental right to own their home? I'm not so sure that I do.
The enemy travels by private jet, not by dinghy.
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Topic Originator: ipswichpar
Date: Mon 2 Sep 18:23
No, I dont. But nor do I think promoting irresponsible credit, and taking house ownership out of the reach of millions was a great idea either.
The fact is that lots of folk can not ever afford to buy a house. I think that they need to do something properly radical to fix this over time and disincentivise being a speculative landlord.
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Topic Originator: Wotsit
Date: Mon 2 Sep 19:28
I agree that home ownership shouldn't be the way forward for everyone but something definitely has to be done to get the housing market under control.
If housing were to be one of the indicators of inflation (as it was until the 1980s I believe?) then we would have a much truer picture of the cost of living.
Discouraging people from using housing as a way to generate passive income would be a start though. Buy to Let and AirBnB are helping to inflate the lower end of the market even further.
The enemy travels by private jet, not by dinghy.
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Topic Originator: jake89
Date: Mon 2 Sep 19:56
I'd rather something was done to reduce rip of rents and slum landlords. Ironically many of these slum landlords own council properties sold off in the 80s.
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Topic Originator: londonparsfan
Date: Mon 2 Sep 21:55
Terrible move. Theres a really simple way to meet our housing supply shortage and that's to build more homes and stop companies land banking.
Nobody really wants to resolve the problem though as it'll knacker property builders profit margins and if supply actually did keep up with demand, property prices would come down and shed loads of folk would be caught in negative equity which would be politically and potentially economically damaging.
We're set for crap housing policies for years.
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