I think the best would be government building lots of housing and giving ownership to low-wealth families. Public housing being (cheap) rentals does not tackle the intergenerational wealth disparity issue.
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it's *still* an ongoing policy. the Tories are starting to realise that housing demand subsidies being a 23.4 billion per year current expenditure is unsustainable so they removed restrictions on muni borrowing to build this year, but RTB is a totem for them
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Huh. Wild.
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That was the main plan to win over working people, make them homeowners that benefitted from (credit-fuelled) home price rises (enabled by financial deregulation).
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Also ties in with Niall Ferguson’s idea of a property owning democracy. Property owners have a stake in the system and become reluctant to overthrow it
End of conversation
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