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.
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.
The government insists that it’s doing all it can to end the housing crisis by ramping up the rate of house building. So far it’s managed a modest bump, but earlier this week, we learned that it's forecasting another dip in 2014/15.
At a time when we need to double house building to keep rents and house prices affordable, to think that the government could allow a fall like this is staggering.
The Labour Party is calling a debate on the issue in Parliament next Wednesday, 9th July, to examine what has gone wrong and what can be done to boost supply.
Alex Hilton from Generation Rent supporting the All Party Parliamentary Group on the Private Rented Sector in calling for tougher landlord regulation
You can see the BBC News item here
A low cost implementation of a National Register of Landlords
The last time the government seriously considered implementing a National Register of Landlords (more accurately a register of tenancies) it was estimated that the cost would be £300 million. The proposal was parked, however, we suspect this figure was derived by simply asking well known consultancy firms what they would charge to deliver it.
Generation Rent, and previously as the National Private Tenants Organisation, has been calling for landlord registration for years. This briefing outlines the principal benefit of a register and a low cost means for implementation.Read more
It was announced on Thursday that the House of Commons will be debating the Private Renting Sector next Wednesday 25th June from about 12.30-5pm.
There are over 9 million private renters in Britain increasingly getting a rough deal from landlords and letting agents. We’d like you write to your MP asking them to back our renters’ manifesto to create a fair and sustainable rental market for both tenants and landlords.
We’re also calling for a secondary, bubble-free housing market for those people who just want to buy or rent a home for a reasonable cost rather than an investment at a high cost.
On Tuesday evening we marked the launch of the Renters’ Manifesto with a reception in Westminster. We were honoured to have both Labour’s Shadow Housing Minister, Emma Reynolds, and Cambridge’s Liberal Democrat MP, Julian Huppert, speak at the event and set out their priorities for reforming private renting.
Emma Reynolds MP and Julian Huppert MP address the Generation Rent launch receptionRead more
This week we published our renters’ manifesto, a portfolio of reforms that will end the exploitation of tenants while ensuring a fair and sustainable market for landlords.
But the cause of the problems in the private rented sector often track back to the limited supply compared to the demand for homes and the effect this has on rental prices.Read more
Generation Rent has today challenged politicians to offer the electorate ambitious solutions to fix the housing crisis, as we launch our Renters’ Manifesto.
In the manifesto, which follows a public consultation, Generation Rent proposes:
- Reform of the private rental market, which currently fails the millions of renters now stuck there, with the right to a five-year tenancy and professionalization of landlords and letting agents.
- A new housing market that allows buyers to opt-out of rising house prices in return for a lower initial price.
- A new department with a remit to fix the housing crisis and save the taxpayer billions.
Nine million people in England – or nearly 4 million households – rent from a private landlord. Generation Rent has found that this figure has increased by an average of 180,000 households per year over the past decade as home ownership has fallen out of reach for more people. While mortgages for first time buyers were up by 50,000 in 2013 to 268,800 this is unlikely to reverse the long term growth of renting, especially with new rules that make it more difficult to get a mortgage and competition for houses from pensioners who will be free to use savings to invest in buy-to-let.
There are enough private renters with no party allegiance to overturn the majority in 86 constituencies at next year’s General Election. This Manifesto offers political parties policies that will help them win over this newly important electorate.Read more
There is one year until the 2015 General Election and housing will be a central issue. We are deep in a housing crisis and radical action will be needed, whoever is in government once the votes are counted.Read more