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.
Housing market racism persists despite ‘fair housing’ laws
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In the US, where homeownership speaks to class, African Americans are being
denied mortgages at rates much higher than their white peers
As a new year be...
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