Is Government approach to housing short sighted?Make Text Bigger
Maybe Government should focus on only two things to solve the Housing crisis:-
- That supply meets demand
- Available housing is lived in
Instead, Government seems to be obsessing about ownership.
No, no, no, no, no!
In my opinion focus should be to incentiving the building of new housing and empty housing to be sold or rented to people in need of living in it.
Government seem to view housing providers as a cash cow to fund HM Treasury but that is stifling supply, which many think is a very short sighted approach.
So what could Government to to reverse current trends?
First, they could discourage investment strategies which leave housing empty and treat it as an investment as opposed to its primary purpose of providing shelter for human beings.
Second, Government could make more grants available to bring empty housing into use.
Third, is that Government should incentivise new development of all tenures. It doesn’t matter whether housing is built for owner occupation or the rental market because once supply matches demand the pressure on prices will stabalise.
To achieve the above the whole system of planning and taxation needs a complete re-think.
Anything you would like to add?
Please comment below.
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