Joe, what investment are you talking about? If you are a tenant you can't generally make alterations to the property or realistically improve it beyond painting and decorating, and putting in YOUR furniture. So I'm not sure what investment a tenant makes in a property, other than an emotional one.
F451, this isn't demonising tenants, it's pointing out two wrongs, one is illegal sub-letting (why should someone be allowed to sub-let their subsidised home and make a profit?), the other is making people who earn a lot of money pay their way in this world.
I'm sorry, but no matter how much you try to justify it, there simply is no excuse for people who earn six figure salaries to continue to receive state subsidised housing. They shouldn't have to move out, particularly if they've been there along time, but they should have the choice of buying it or paying a market rent.
Personally I think the RTB discount should be reduced, not by nationally set caps, but by caps set based on income, so those who are paid more receive lower discounts (nil if your salary is in excess of £100k), thereby making RTB about buying family homes rather than investments.
I'm afraid F451 you are going to have to swallow the fact that the majority of people in this country are fed up with paying taxes only for it to be squandered on those who don't deserve it.
The idea that people who once had a good case for subsidised housing are still benefitting from that subsisdy long after they needed it, really sticks for many, many people.
It seems that the days of the 'progressive elite's' idea of what the world want it coming to an end, and not a moment too soon.