Nick G on Nostr: npub1g0tuf…3tvm4 The solution - in the UK, Ireland and many other countries - is ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4)
The solution - in the UK, Ireland and many other countries - is actually fairly simple:
The majority of new homes should be built by, or under the complete control of, local authorities. Those homes should then be offered for:
1. Social housing.
2. Cost-price rental.
3. Purchase.
Options 1 and 2 could also include shared equity and right-to-buy schemes.
The advantages are:
1. Over the longer term it can be largely self-financing and self-sustaining (as houses sold can be used to finance new builds).
2. Developments can be a good mix of house sizes and tenants/owners addressing concerns of potential ghettoisation (and, conversely, gentrification).
3. It would have a cooling/deflationary effect on private sector house purchase and rental prices.
Obviously far too radical.
The solution - in the UK, Ireland and many other countries - is actually fairly simple:
The majority of new homes should be built by, or under the complete control of, local authorities. Those homes should then be offered for:
1. Social housing.
2. Cost-price rental.
3. Purchase.
Options 1 and 2 could also include shared equity and right-to-buy schemes.
The advantages are:
1. Over the longer term it can be largely self-financing and self-sustaining (as houses sold can be used to finance new builds).
2. Developments can be a good mix of house sizes and tenants/owners addressing concerns of potential ghettoisation (and, conversely, gentrification).
3. It would have a cooling/deflationary effect on private sector house purchase and rental prices.
Obviously far too radical.