15 Apr

Controlling house prices and the need to be able to evict bad tenants | Letters

Carolyn Hayman says action must be taken to bring prices back into an affordable ratio with incomes, while Tom Booth says section 21 should not be abolishedThere was a note of scepticism (Labour’s home truths, Nils Pratley, 10 April) about Labour’s proposal to seek to control growth in house prices. Giving the job to the Bank of England alone is unlikely to work. But a government statement of intent to bring house prices over, say, a 10-year period back into an affordable ratio with incomes, using a number of different levers (personal tax, incentives to downsize, development land tax, mortgage supply, house-building investment etc) is more feasible and highly desirable. While people are paying up to half their disposable income on housing, the government’s ability to increase tax rates to fund public services will continue to be a struggle, not to mention the misery of so many people living in cramped and unsuitable housing.It won’t be popular with homeowners, but we are a shrinking number. And at least some of us will see the benefits for our younger relatives. Carolyn HaymanLondon Continue reading…

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