Social housing and rent control cannot solve the housing crisis
IEA research quoted in the Express
Kristian Niemietz writes in 1828
Matthew Lesh writes for CapX
Commenting on recent calls to expand the social housing stock and cap rents, Matthew argues that the policies hamper the expansion of supply, protect incumbent property owners over new market entrants, and result in subsidies for a small group at the expense of taxpayers.
Matthew concludes that liberalised planning laws are needed to fix this crisis, which is ultimately one of restricted supply, stating that “the dream of ownership will only be accessible to the next generation by reforming the planning system to enable more homes to be built, not by fiddling around with rents.”
The full article can be read here.