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I’ve got a better idea. How about regulating the private rental sector and capping rents, as well as taxing purchases of second homes and buy-to-let properties at a substantially higher rate.
This money could then be used to replenish all the social housing stock that was lost to right-to-buy, producing more decent, comfortable homes for everyone, as well as hopefully forcing house prices down, so ownership of one’s own home becomes a realistic ambition for people without independent means.
That way, secure, comfortable housing is available to all, and everyone gets to choose how and where they live, rather than being forced into glorified halls of residence in order to protect the interests of the property owners who, incidentally, they’ll still be paying rent to.
Just a thought.
