The government inherited a severe housing shortage: Labour failed to build, too. But cutting housing benefit turns a shortage into a crisis. Social housing is shrinking, while the cost of renting or buying is well beyond the reach of growing numbers. As the squeeze worsens, rents are rocketing, up by 4.3% last year, up by a third in three years in London. As people can’t pay, landlord evictions have risen by 70%. Slum landlords are back: 42% of tenants are in sub-standard properties. Labour promises regulation. Rent controls are needed too.
We have too little housing. Thus we should have price controls on the price of housing.
Err, right. Reducing the price of something is a well known way of increasing the supply of it isn’t it?