- Tue Oct 01, 2024 2:52 pm
#76984
Building new houses won't fix the problem, because they'll get snapped up by people who already own homes, because they have the leverage and the housing market is pretty much a one way bet. Whether to move into or to rent out, it doesn't matter. First time buyers will be priced out.
Building loads of new community housing with a rental/deposit system running (so from each month's rent a percentage goes into a deposit fund; tenants can up the payments if they like (or decrease them if they're happy to rent) and put in an offer to buy sooner rather than later), with infrastructure built in (local retail, schools, medical facilities, leisure amenities), controlled at a regional rather than council level? That could work.
Thing is, however you want to fix it, it will require loads of government involvement. If you leave it to the market, you'll just perpetuate the current system.
As the actress said to the bishop, rabbi, imam and priest
"My eyes have seen the glory, I'm a born again Atheist!"