A recent suggestion by the Joseph Rowntree Foundation charity, for government help to allow private tenants to buy their landlords’ homes, has been slammed as pie in the sky economics.
Last week the charity said successive governments had promised to solve the housing crisis by building more houses, while effectively ignoring the ownership pattern for the existing 25m homes across the UK. So with landlords reassessing the profitability of private renting in the light of upcoming reforms, the foundation claims it is time to “see this as an opportunity to implement policies which see homes change hands from landlords to tenants.”
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