If there is an abundance of low-cost, publicly owned housing, the market will sort out the rest of the problem
Since Thatcher’s dogmatic drive to eliminate council housing, there has been a dire lack of social housing. This has resulted in an unhealthy reliance on the private rental sector. Demand for privately rented accommodation will fall, rents for those properties will fall, a significant proportion will be put on the market and the costs for first-time buyers will reduce, hence reducing further the demand for private rentals.
An awful lot of work has been done already by non-government actors, so harvesting ideas and coming up with an action plan shouldn’t take forever.I REFER to your report on Michael Russell’s speech to the Community Land Scotland Conference in his capacity as chair of the Scottish Land Commission.