We need a Robin Hood Tax for renters
It's great that Labour is looking at cutting tax breaks for bad private sector landlords, but they should be targeting them all.Read more
Right to Buy is Wrong for Housing
Does Eric Pickles know there's a housing crisis on?
Today's Financial Times (registration required) reports that the Department for Communities and Local Government has blocked nearly 10,000 new homes from being built since the start of 2015.
What on earth is the government playing at?Read more
Budget 2015: what does it deliver for renters?
In short, not much. It took 40 minutes for the first mention of housing, behind an announcement of £1million to celebrate the 600 year anniversary of the Battle of Agincourt no less. As well as expected announcements on funding for a London land commission to address ‘the acute housing crisis’ and the 20 housing zones due to be launched to boost house building, there was a surprise announcement of a ‘Help to Buy ISA’.Read more
Three decades of housing 'perspective'
Today, the Office for National Statistics released a three decade perspective on the housing market. They have observed six key trends spanning the decadesRead more
Stamp Duty reform, but nothing for renters
George Osborne's final Autumn Statement before the General Election has been trailed across the media since Sunday, including announcements about housebuilding as part of the National Infrastructure Plan. A lot of this - including the garden city in Bicester - is fairly old news, but it's interesting that the government is planning to get directly involved in building houses - 10,000 of them just outside Cambridge.
The Treasury might want to use this as an opportunity to try out Generation Rent's proposed model of a bubble-free housing market - we estimate that it would cost £1bn to build 10,000 homes, sell them at little over cost-price and plough the proceeds into another 10,000 home project. Those new houses would be shielded from any above-inflation price rises.
When it came to the Statement itself, earlier this afternoon, Osborne had very little to offer those who want cheaper housing. His big announcement, which is bound to dominate tomorrow's front pages, was the reform of stamp duty.
A response to Labour's Lyons report on housing
For almost a year Labour has been touting its Lyons Housing Review as the central plank of its offer for the 2015 manifesto. But its publication today, after so much foreplay, has left me disappointingly unsatisfied.Read more
Labour's housing manifesto takes shape
Alex Hilton presented Emma Reynolds with a box of chocolates when they sat down to talk housing at our event with SHOUT last night. It was in recognition of Labour's work so far on making renting less of the waking nightmare it currently is - but not anything fancy - just Milk Tray, this time. There is still a lot we want from the next government.Read more
Housing market slowing - unless you're a first time buyer
Is house price inflation starting to slow? Across the whole market, it would seem so, with the Office for National Statistics finding inflation fell from 10.4% in May to 10.2% in June. That is still well above anything that's remotely healthy - and house prices were already historically expensive, even after the 2008 crash.
But first time buyers have it particularly bad. If you want to buy a house, prices are now 12 percent higher than they were a year ago (in May inflation was running at 11.3%). For people who already own a house and want to move, they are seeing a slowdown - from 10% to 9.5%.
How to build loads of truly and permanently affordable homes, without spending any money
At Generation Rent, we've listened to lots of experts who have analysed the housing crisis and have come to a conclusion. The principle problem is that you can't just buy or rent a home, you have to pay for an investment too. Some people say the problem is supply - and that's true - but the supply problem exists because of the inability to supply homes that people need without charging them a high price because of a potential future investment return.
And so we've been looking at how you can decouple the investment value of a home for an investor from its utility value to the person living there. And we came up with this. Britain needs a second housing market. A bubble-free housing market for people who only want a home, sitting neatly alongside a free market for those people who want an investment.
And it turns out this could be implemented cheaply and easily and that it will save taxpayers money. We've made a short presentation here and written a paper, Buying out of the bubble.
So we're calling for a secondary, bubble-free housing market - and we need your support to get politicians to adopt it and implement it. Join Generation Rent today (it's free) and help us campaign for real, effective solutions to the housing crisis.