Call me Cynical?
If 47% of PRS landlords are not selling ‘Nearly half of landlords won’t sell properties – survey‘ then 53% have either sold, are selling or will be selling = fewer PRS rental properties.
If there are fewer PRS rental properties young people who have finished tertiary educations will have to move back home – unless finding work with a massive salary, and those not enrolling in tertiary education, means that fewer young people will be claiming housing benefit = saves the Treasury lots of money.
If there are fewer PRS rental properties and sons/daughters have to remain in parents’ homes, as they can never afford market rents unless they marry/civil partnership/relationship = live-in carers for elderly parents. This will save the Treasury money as there is no need to pay PIP or Attendance Allowance; may mean fewer LA Care Homes etc etc.
If there are fewer PRS rental properties and sons/daughters have to remain in a single parent’s home, as can never afford market rents unless they marry/civil partnership/relationship, then the parent’s single person Council Tax discount would not be claimed = more money for Local Authorities so less money the Treasury needs to give to LAs.
If there are fewer PRS rental properties and young people and 30-40 somethings have to remain in parents’ homes what’s the betting that Council Tax based on property will at sometime be abolished and a Poll Tax introduced? This would raise more money for Local Authorities than the current Council Tax so less money the Treasury needs to give to LAs.
Judith
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Harrying of landlords = scourge on tenants?
Member Since February 2022 - Comments: 203
10:57 AM, 2nd April 2025, About 1 year ago
Life’s a big circle so it looks like it will go back a generation on two. If it goes back to the old days of you can only buy your first house together once married then poll tax could re-surface ; population numbers vs property numbers surprised it’s not been announced sooner.
Look at milk, they used electric cars, recyclable bottles, delivered to your door nothing wrong with that but now dead. Now you get the supermarket giants taken over. PRS will suffer the same fate.
Member Since April 2021 - Comments: 94
12:18 PM, 2nd April 2025, About 1 year ago
There is spiralling national debt, ever increasing government vanity projects, enviro evangelism, ballooning bureaucracy and an NHS that haemorrhages cash; a smorgasbord for the Treasury to blow all those savings on!
Member Since March 2022 - Comments: 363
2:32 PM, 2nd April 2025, About 1 year ago
You never know if the government does things by accident or design. I personally don’t credit them with much insight or intelligence, but maybe I am wrong. As we slowly slip out of first world status with a big wealth gap between the rich and the majority poor our housing supply will not increase much as nobody will be able to afford to buy or rent. It’s already happening developers are not building affordable housing no matter how much land they are given, .no profit in it. So, housing will become more and more typical of the third world and will become multi-generational and crowded as extended families live together sharing resources to survive on low wages while Government saves on benefits as Judith has indicated. A return to good old Victorian values? Who knows what this country will be like in fifty years’ time. There might be flying cars, holidays on the moon, excellent health services but not for 99.999% of us. We could be living in a Soviet style communist dump.