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Safir Ahmed
Sky News
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Comments by "Safir Ahmed" (@safirahmed) on "Housing market 'most unequal in a decade’ as first time buyers priced out" video.
Tories housing policy is to increase housing prices by reducing supply and increase the numbers of private house owners. Tories could therefore achieve their goal of increased private house ownership by expanding the Right to Buy to all privately rented housing. Tories could support extending Right to Buy policy with discounts for private renters matching council housing and social housing Right to Buy discounts.
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The author, Michael Snyder from the website End of the American Dream writes about the US housing market but the issues apply worldwide. Main points from the article summarised are: First time house buyers and families in North America, Europe, Australia and New Zealand are being out bid by big companies, investment funds, wealthy foreigners and billionaires (including from China and Russia) with some buyers buying entire neighbourhoods. Indeed 1 in 5 buyers will never move in. Housing policy should be about housing as affordable, safe, secure and good quality housing for rent and owner occupation or shared ownership not corporate investment.
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