SHOCK:- Urging old people into smaller homes 'may backfire'

Generali

Brassedoff wrote: »

By selling them to private landlords you take that property off the stock list thereby negating any good it could have done. If they are to build them, then selling them to buy-to-let should be banned.

And I am a landlord.

If there is a demand for more rented accommodation, landlords will buy and push down rents until BTL becomes unprofitable.

If there is a demand for more OO places, they will be sold.

The thing is neither you nor I know the extent of demand for each and centuries of experience have taught us that the market is the most efficient way to allocate scarce resources.

I find it quite depressing that for many people the first instinct is to ban what they dislike. For me, banning stuff should be an absolute last resort, not a first one.

Mr._Pricklepants

Brassedoff wrote: »

I will also cross the Rubicon, who will the houses be for? My Nephew has a two up, two down house which he owns 80%, the two either side are 100% within the social housing group and are let out to a Polish chap and Lithuanian. And before anyone shouts racist, its not. For years we have had the dire need for housing, yet when we built some in the early to mid 2000's we gave them to economic immigrants. This released no pressure at all. My 24 year old still lives at home and cannot rent because the whoe stock has gone.

Brassedoff wrote: »

And I am a landlord.

How does that feel, playing landlord while your own kid is struggling to rent?
Personally, I would do (and did) whatever I could to help my children on the housing ladder, but I suppose it's easier to blame those pesky immigrants eh?