A person who owns a house, wants to downsize but can’t get themselves to sell their childhood home isn’t the problem. A grandma who can’t keep up a 4 bed house and rents it out while moving to a one-bed serviced flat (opting to gift the 4 bed to one of the grandkids once they’re old enough) isn’t the problem. If anything, these people help with the housing scarcity by opting to live in accommodations more fit for their needs while making larger (or in some cases, smaller) properties available to those who can’t buy outright. I’d even argue that larger companies who manage 30-50 properties on behalf of a landlord aren’t the problem either, since most of those properties would be in private ownership anyway.
No, it’s the bit corporate landlords who don’t just manage but buy up properties like there’s no tomorrow, often entire neighbourhoods, just to be able to increase profits and force people out to make way for “rejuvenating” projects (usually shite quality flats with exuberant rents) are the issue.
A person who owns a house, wants to downsize but can’t get themselves to sell their childhood home isn’t the problem. A grandma who can’t keep up a 4 bed house and rents it out while moving to a one-bed serviced flat (opting to gift the 4 bed to one of the grandkids once they’re old enough) isn’t the problem. If anything, these people help with the housing scarcity by opting to live in accommodations more fit for their needs while making larger (or in some cases, smaller) properties available to those who can’t buy outright. I’d even argue that larger companies who manage 30-50 properties on behalf of a landlord aren’t the problem either, since most of those properties would be in private ownership anyway.
No, it’s the bit corporate landlords who don’t just manage but buy up properties like there’s no tomorrow, often entire neighbourhoods, just to be able to increase profits and force people out to make way for “rejuvenating” projects (usually shite quality flats with exuberant rents) are the issue.