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Wednesday, April 02, 2014

Landlords to be the new bankers?

Landlords risk gaining the reputation of being the new bankers in the current housing market warns an Oxford University Professor - Danny Dorling.

This rather eye grabbing headline is meant clearly to provoke.  Landlords have been blamed for rising rents and are also accused at under investment in their properties.  He seems unsatisfied with a higher proportion of people renting privately which I can't understand.  Rental property gives people flexibility and low costs of movement.  In many ways we have had a housing system far too obsessed with home ownership often predicated on government tax subsidies and an incorrectly regulated rental sector.

Blame the planners not the landlords

If you want to blame anything then blame the planning system that perpetually underdelivers on housing numbers and artificially inflates the price of land.  But given that we are a nation of NIMBY's then to a degree we all play a part in keeping housing unaffordable.

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