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Comments by "" (@lonevoice) on "My Landlord made me live in raw sewage" video.
We need far more social housing. Thatcher's give-away must have wasted over £100bn at today's prices and we clearly need to recover most if not all of that stock. We probably need to make all property letting, apart from holiday and temporary lets, done on social housing terms. That may then see a flood of sales at reduced prices and government could use the opportunities afforded by modern monetary theory to snap them up at reduced prices.
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@Norfolkandchance886 The dynamics are changing albeit slowly. The younger generation have been screwed big time, not just with property costs but also things like student loans and the increasing burden of an aging population etc.
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@Norfolkandchance886 There is a growing trend of wealth inequality which is economically damaging and will lead to more and more increases in house prices. The ability of the young to buy will diminish further and inheritance will become the default means of ownership. This will lead to a polarisation where tens of millions lead sh*t lies and the rest live in absolute luxury. The other problem of course then is that it inhibits the starting of families so the UK will rely increasingly on immigration. Not a very politically stable scenario.
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