Friday, 30 May 2014

What We Really Need Now Is a Living Rent

The living wage campaign has been a huge success. But while housing costs continue to eat up so much of renters' incomes, we need to go one further. Based on the principle that nobody should have to pay more than a third of their income on rent (the widely recognised threshold of housing affordability), we want councils to create a living rent where rents would be linked to average local earnings. Social housing providers would be encouraged to provide truly affordable homes and be accredited as living rent providers. In the private sector, we want landlords to commit to capping their yearly rent increases at 2% above inflation and offer long-term tenancies to those who need them. Read more on the Guardian website.

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