Re: Private market undermines social change
We have levels of expenditure expressed as a percentage of income.
If you spend more than 10% of your income on fuel then you're in fuel poverty.
What's to stop us creating social housing that fluctuates to a percentage of average income, or a percentage of the universal income... so that as the country does better or worse, then that rate will rise and fall also. - that's not a fixed rate, but variable according to the market forces affecting the country. Far better than the economics of supply/demand.
However, if you have a better job, or other aspirations, then there's nothing stopping you from hopping out in to the private rented sector.
Incidentally, for some of the other statements, buy to let is a different mortgage interest base to buy to live in. Different risks, different rates, so the mathematics isn't quite the same. It's also a business, so the landlord has all that to contend with, also VAT, rebates and whatever are the acting forces in that market at the time.
Biting the hand that feeds IT
