Landlords should be banned from buying new-build properties and have less access to buy-to-let lending to address the wealth gap between them and their tenants, a thinktank has suggested.
Individuals should be banned, by law, from purchasing or using property as they wish because inequality?
The SSC\’s analysis of the sector, based on official figures, found that private sector landlords tended to be wealthier than the general population, with an average of £75,103 held in savings, bonds and other investments. In contrast, private renters had an average wealth of £9,506. While 50% of landlords had accrued wealth of up to £20,500, the same proportion of tenants had just £398.
We\’re to abandon the entire concept of equal property rights because of a piddling £20k difference in accumulated wealth?
Landlords were older than tenants, with an average age of 48, compared with 32 among renters,
Err, hang on, don\’t we expect people 16 years older to have greater wealth? Hasn\’t someone explained the lifetime cycle of weatlh creation and consumption to these people?