Quote:
|
Originally Posted by DrTiTus
The end of landlords: the surprisingly simple solution to the UK housing crisis
This is my peace offering to Lightspeed - something I think we can both agree on. Landlords - at least in the form they take today [leverage equity to outbid FHBs and hold rents high] - are parasites and society would be better off without them. Until we solve the housing affordability problem, nothing will be fixed.
|
Surely the housing affordability problem is exacerbated by asset rich landlords out bidding owner occupiers? Surely if owner occupiers were only bidding against other owner occupiers because policy says existing landlords need not apply, then prices rising will slow down, and affordability will be more likely?
It doesn't have to be a drastic big-bang change, just have it be a slowly introduced covenant of the property. If a suburbs only allows sales to owner occupiers, then you'll absolutely see change over time.