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- Nov 19, 2009
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That same 'extreme deference' that has resulted in private landlords launching a legal challenge to Osborne's punitive changes to the tax treatment of BTL?On housing, Corbyn's policy seems to be to build more affordable housing than the Tories are. And then of course there's the idea of a rent cap, which would have the dual effect of making it easier for tenants to save money for a deposit whilst renting, and also deincentivizing the hoarding of property by landlords which reduces the supply of affordable housing on the market and makes prices so high in the first place.
Where I live in Durham, landlords can get away with charging students 2-3 times the going rate so local renters can't find value-for-money accommodation in the city centre. Being able to charge students ~£400pm for a room in a terrace also incentivizes landlords to hoover up all the properties that would normally be ideal 'starter homes', driving up prices and pushing potential buyers (especially younger ones) miles out of town. I'm sure there are similar situations everywhere, not least in London. For all their spin, at the moment it's Tory housing policy and it's extreme deference to private landlords that is holding people back from owning their own homes.
http://www.telegraph.co.uk/finance/...investors-to-challenge-tax-hike-in-court.html
EDIT: Rent cap and cooling the housing market are unlikely to prompt housebuilders to ramp up construction either, but hey ho...