Emeritus Prof Christopher May on Nostr: What once looked like a (partial) solution to the housing crisis has (for many) ...

What once looked like a (partial) solution to the housing crisis has (for many) turned to into a trap.

Shared ownership deals usually required the occupier to maximise their capital invested (thereby already stretching their finances initially).

Now, 3 factors have combined to trap them:

mortgage rates have risen draining them of cash;

inflation-linked housing association rents have risen, on the non-owned portion;

selling for many is impossible due to cladding issues!

#housing
h/t FT