The RLA says choking off PRS investment is “folly” in the
face of falling rates of homeownership among young people. A report from the
Institute for Fiscal Studies (IFS) shows that just 27% of 25-34 year olds with incomes
in their middle 20% for their age are homeowners compared with 65% in 1995/96.
David Smith, RLA policy director, said such a huge increase means not only more
young people renting – but for longer periods. This shows the folly of
government policy imposing higher taxes to deter investment in new homes to
rent.” Read more on 24housing.
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