Property News · December 4, 2018

UK housing crisis hurts the young and the poor | Letters


Guardian readers air their views on high property prices, a lack of affordable housing, and rogue landlordsGaby Hinsliff’s forebodings (If a house price crash sounds like good news, you should think again, 30 November) are for the haves, not the have-nots. Unless prices come back to a mortgageable multiplier of average local earnings, more and more young adults and families without inherited property wealth face a lifetime of insecure renting.Neither is there much hope for them in “affordable homes” when developers can reduce or avoid provision if they argue that it would bring a scheme’s profit margin below 20%. Continue reading…

Source : theguardian.com
Read more…UK housing crisis hurts the young and the poor | Letters

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