Redistribute the Bricks

More doom and gloom predicted on the UK Plc horizon as an estimated 103 houses will be repossessed on average day in merry little England (I don’t think its going to be a big Feature on Location!, Location!, Location!). I remember the last time the Market developed these teething problems at the beginning of the 1990s; houses (i.e. people’s homes) were repossessed in the thousands every week whilst the Major government stood idle, many were subsequently made homeless and trapped in negative equity.

If housing repossessions are going to increase over the coming months then surely it’s the responsibility of a good government to underwrite the risk and buy back the repossessed houses at auction, with the objective aim to rent back to the previous owner-occupiers at cheaper affordable rents. Furthermore, Local authorities would not have to re-house homeless families into expensive private bedsits, thus insuring the social fabric of society remains, as the doom and gloom rumbles back over the horizon and jam tomorrows return again.

Of course, many of our continental cousins do not have to contend with these types of problems, because firstly they appreciate that a house is a home and not financial investment; secondly they also understand housing should be equally distributed across many different sectors, i.e. owner-occupiers, voluntary, private renting and (public sector).

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