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:
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