The Rent Trap explores the world of private renting and how rising house prices make home ownership out of reach for many renters. It looks at the instability caused by short term contracts and the impact on families. The book covers the de-regulation of the housing market and what that means for tenants.
Most landlords aren’t property developers. Most are individuals who’ve bought a second house as an investment for their retirements, or owner-occupiers renting a room to help with the mortgage payments. But what this means is that the people paying for the house aren’t the ones who’ll eventually own it and this is creating wide inequality. It’s interesting to see how individual small decisions, made for good reasons, create a huge problem in the absence of regulation.
Worth a read.