Rough sleeping, or badly maintained privately rented housing and just pay the unaffordable rents?

What a choice!

There was a great piece of journalism published by The Independent in August 2018 about the dilemma faced by rough sleepers.

It explained that the crisis which we were seeing within the UK housing market the was largely to do with polices put into place in the Thatcher era and later.

These anomalies cannot simply be wished away by trying to build thousands of privately owned and new social rented housing units.
The problem is a structural one, not relating to the building of more houses but relating to the way houses themselves are being marketed and financed.

The title of the article is:
Home ownership falls more in UK than any other EU country

The link to it is:

Aug 18 article in The Independent

I’m explaining in my proposed solution it’s no use hurriedly trying to build many more social housing or private properties for rent so that these may be provided to those in desperate need. The time needed for that is simply not there even if the amount to be charged for such accommodation could be made truly affordable.

The apparently sane alternative, which is quick build privately rented accommodation, would also be too expensive for those in need, because of the shortage of houses across the whole marketplace irrespective of how many new properties were able to be constructed.

Providing housing is in a crisis because of the policies of past governments and that is why private landlords need to be encouraged to provide good quality accommodation at reasonable rents; not discouraged with more and increasingly onerous tenant-centric legislation!

Secondly, those eventually stepping up from privately rented accommodation to become property owners themselves, i.e. first-time buyers, ought to be able to purchase at properly affordable prices to them.

This simply isn’t happening at the present time. The reason is: All housing markets across England and Wales have all the prices skewed upwards because of the banking and finance interests in lending each individual the sort of money they (the lending institutions) want to have to provide.

It’s time this gross over lending issue was finally confronted. This would, of course, mean confronting the lending institutions themselves!!
The precise way to do this is set out clearly in:
The Hendry Solution.

For the complete solution to all of these issues, which could be achieved swiftly and economically, please go to:

The Hendry Solution: Full details of our proposals for properly reforming all housing markets in England and Wales.

Peter Hendry, Consultant in Housing Valuation

About Peter Hendry

The Hendry Solution is a new open market technique for equalising buy and sell prices within all markets. It was originally conceived to correct the anomalies plaguing the UK housing marketplace. This method of resolving the housing crisis remains to be put to the test. The author recommends that it should now be thoroughly tested and evaluated. Proprietary rights reserved.   Having retired I now wish to give something of significant value back to the property industry and the service in which I have spent my whole career.   I qualified as a General Practice Surveyor (RICS) in 1974 (in valuation) and have gained wide-ranging experience since that time, particularly in issues surrounding residential property valuation and house marketing. Having ceased practice as a Chartered Surveyor some while ago, I resigned my membership of the RICS to be in a better position to give advice concerning how to improve the workings of individual housing markets around Britain. The internet has turned out to be a good place to publish information about this because it is a world-wide platform allowing everyone interested to see details of the changes/improvements which I have been advocating ought to take place. I have researched how to make improvements to the operation of all local housing markets across England and Wales after observing the house-price stagnation of 1969, the hyper-inflation that followed in 1972 and the successive but cyclical house-price booms following that; leading to the sudden and prolonged house-price growth stagnation after the 2008 global financial crisis. This resulted in a severe reduction in sales volumes for a significant number of years thereafter and it still affects most local housing markets to this day. I have been in communication with the RICS, the NAEA, The Law Society and my local MP about my research, explaining the need for estate agents to change the way they have historically marketed houses in order to resolve this problem. I argue that the continuing stagnation in market activity coupled with the lack of general affordability following the financial crash, could still be substantially ameliorated if my proposals were to be fully debated and the resulting conclusions which they point to were implemented. The effect of not doing anything of significance to improve the buying and selling processes across all the UK housing markets continues to have a de-stabilising effect on the whole of the nation's economy by causing a stagnation in house sales completions. This is, of course, a very important and substantial part of the whole economy and therefore warrants careful consideration. The time to take corrective action is right now, although such action is now also somewhat overdue. I would welcome sharing your thoughts on these new proposals using this blog site.

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