Monday, October 22, 2012

Housing Killer Key Facts

Hat tip to Red Brick website for this table of key facts on the housing crisis facing millions of people.   Well done to the Fed for getting housing as a lead news item. 486,000 extra who work now on housing benefit. An 86% rise in 3 years.

Letting Housing benefit "take the strain" is not an answer to the crisis. Instead of wasting £90 billion on subsidising high rents caused by lack of supply, why not invest even 25% of this money in new build and refurbishment. Increase supply, reduce rents, get people back in work and increasing economic demand. Joined up thinking?
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