uk housing crisis

The housing crisis is emerging as one of the key battlegrounds ahead of the general election, especially for millennial voters. But as Labour turns up the heat announcing policy, the issue is exposing divides and flaring up accusations of NIMBYism within the Conservative party.

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Guest: Geraldine Scott, Political Reporter, The Times.

Host: Luke Jones. 

Clips: BBC Radio 4, Parliament Live TV, Times Radio, Daily Mail, Conservatives, LBC, ITV News.

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The renting crisis in Britain is unsustainable.

More than sixty percent of private renters faced a rent rise last year - and they're already spending around 32 percent of their income on housing.

Today on The News Agents we hear from those who are struggling to even get on the rental ladder - properties are massively over subscribed. Some tenants are putting down payments on flats they haven't even seen. Others are seeing deposits withheld and are blamed (and charged) for the disrepairs their landlords should have fixed.

We hear from tenants, a landlord, an estate agent and someone who's been analyisng the housing market for a decade.

And we bring you the latest blows from PMQs.

You can watch our episodes in full at https://global-player.onelink.me/Br0x/Videos

The News Agents is a Global Player Original and a Persephonica Production.

It was billed as a make or break Budget, so did the Chancellor pitch it right? Philip Hammond pulled a George Osborne-sized rabbit from the hat at the end with the abolition of stamp duty for first-time buyers, but was that enough to make us to forget the gloomy economic news and the gags? On the plus side, the Budget brought an income tax cut for most, the promise of more homes being built, and no more stamp duty for most first-time buyers. On the negative side, economists say we are due another lost decade, Philip Hammond’s own financial watchdog said he would drive up house prices, and cough sweet jokes might be catching on. This week, Simon Lambert, Rachel Rickard Straus and Georgie Frost pick apart the Budget to try to find out who the winners and losers will be. From an up to £5,000 tax saving on a first home, to railcards for the under-30s, zero mentions of the word saver, and whether Just Eat can really solve the productivity puzzle, they round up what you need to know. Plus, what exactly was Simon’s stamp duty idea that drew 296 reader comments – of which about 295 were calling him an idiot? Listen to the podcast to find out.

The property market is broken.

Years of cheap money have allowed lenders to lend more and more to people earning less and less and we’re at crisis point.

The politics of trying to boost the housing market to win votes has left us on the brink of potential disaster.

Rents are likely to soar too, removing even that alternative to having a roof over our heads, and while all the economic focus rests on London there’s little incentive to move to Stoke-on-Trent.

It was with this mess in mind that we’d been looking forward to the latest Government white paper that promised to outline plans for the ultimate rescue package for housing.

It might as well have been 104 blank pages for all the piffle it contained. There is no plan. They don’t know what to do.

The question is, can Simon Lambert, Rachel Rickard Straus and Georgie Frost come up with any better ideas?

Also on the show…

Could another idiotic car scrappage deal be on the cards? This time for our once eco-friendly diesels.

Our failed energy regulator is allowing the big suppliers to get away with the heating equivalent of murder as nPower claims its seventh most disgraceful company of year award in a row.

Aldi opens its door to This is Money as its assault on the Home Counties continues with old-school Tesco-like zeal. Where will it end?

Car wars – there’s some prices in the showrooms definitely worth a look

And Rachel reveals the best school trip stories you’re ever likely to hear.

Enjoy

Although we’re property investors with a vested interest in limited supply and high prices, we’re not so blinkered as to think that the UK housing market doesn’t face major challenges. In this episode, we’re looking at 9 different ideas to put things right. The ideas come from this post by Monevator.com, and we go through and […]

The post TPP105: How do we fix the UK’s housing crisis? appeared first on The Property Hub.

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This week we’re sharing why we think everyone should be part of a property mastermind group – and, because it wouldn’t be very helpful otherwise, we’re telling you exactly how to go about setting one up. This was a very packed episode with loads of information, so you’ll want to listen in full to get the most […]

The post TPP088: Why you need a property mastermind group appeared first on The Property Hub.

See omnystudio.com/listener for privacy information.