[quote mercimacherie]@MolyHolyGuacamole
I was being facetious. I know not everyone can afford to buy. I live up north had a job at 17 and bought at 20 when housing was cheap. I've been lucky. I have great sympathy for anyone working in an average paid job who lives in an expensive area, especially London.
However I don't agree that the current housing situation is the fault of private landlords. I blame the labour government who actively encouraged (or at least did nothing to prevent) huge house price rises between 2001 - 2005. My first property trebled in value in the space of 2 years, I paid 40k in 2000, valued at £125k in 2002. It's stayed at around that value give or take £20k ever since.
There needs to be more social housing, and not just on estates where no one wants to live. There also needs to be tougher legislation re problem tenants and bad private landlords.
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But there has to be an in between! We are not just divided into those who can afford to buy and those who need social housing. As a single person on an average salary I don’t qualify for either, not even a help to buy scheme.
And yes LL do play a significant part, prices rise when the demand exceeds the supply. Owning more than one home means there is less available in the housing market
And the government has a part to play in regulations. Even with a hefty deposit I wouldn’t get a mortgage big enough to be able to buy my own studio flat due to my single average income.
And moving out of London doesn’t help because the type of work that I do means I’d be earning a lot less outside of it, so still in a similar situation.
We need reasonable rent caps to be able to save for a deposit, and then a fair housing market when we are ready to buy.