Property News · February 16, 2018

Only Labour can solve a housing crisis the Tories created | Owen Jones


It’s no surprise that home ownership for young adults has collapsed. It’s the left alone that offers policies that will helpNeoliberalism is a con, a fraud, and Britain’s housing crisis vividly illustrates why. The populist promise of neoliberalism has always been about extending choice for the individual. In a properly functioning society – which sadly we do not have – young Britons would be able to choose between a comfortable council house on a secure tenancy, a privately rented home with an affordable rent and security, and home ownership. All of these options have been trashed.Hundreds of thousands languish on social housing waiting lists because new stock isn’t being built. An unregulated private rented sector means both rip-off rents and a lack of security, depriving tenants of the ability to set down roots in communities. And as new research from the Institute for Fiscal Studies demonstrates, home ownership for middle-income young adults has more than halved in just two decades. Continue reading…

Source : theguardian.com
Read more…Only Labour can solve a housing crisis the Tories created | Owen Jones

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