Comment on: Fall in under-35s owning homes
Wage levels and job availability are major factors determining if young adults can access housing in any tenure.
Govts of any persuasion can mandate certain minimum wages - be it an increase in NMW per se - or a mandatory Living Wage - but they cannot magic up jobs.
Comment on: UK housing economy 'structurally flawed'
Yet today we have circa 88% survival to age 60 - with circa 18 years of further survival expected on average for that cohort.
Contrast that with 37% survival to age 60 and 4.5 years thereafter in 1948.
Even OAPs in receipt of welfare are obliged to advise DWP if admitted long term to hospital.
They do have the power to determine which party gets to be in the next inevitable Coalition...
Comment on: Social landlord drops private rental plan
PartBuy schemes give you a number of things
1 - Potentially volatile servicing cost for mortgaged portion
2 - Guaranteed annual rent increase
3 - Guaranteed annual Service Charge increase
Tenure security is contingent on maintaining the servicing of the above 3 components - plus of course any repairs/maintenance of the property.
Of course any private buyer with a mortgage is also at risk of repo if unable to service mortgage to expiry - and in that context it is noteworthy that SMI (for eligible claimants) pays nil for first 3 months - and is payable for max 24 months.
The private buyer at least has open market sale and a possibility to downsize if needed - but PartBuy can only be sold to a small market comprising eligible social tenants on lowish incomes - who also need to satisfy the increasingingly onerous criteria for the mortgage (MMR).
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