End greed of private landlords
AS a care worker/private sector tenant I was delighted to see Peter Hargreaves intervention regarding Bristol's housing boom.
I suspect most of us know what is driving this speculation; private sector landlords charging high rents to their tenants.
We know that buy to let is under pinning the Bristol housing market so I would like to appeal to George Ferguson. There are that many second homes in Easton, perhaps a third of my street, reducing first time buyer supply, hiking up values with high rents for multiple occupants. So Easton should have a parallel planning designation to that of National Park; a status where the authorities can act to ensure that people who live here and work here i e young Bristolians have preferential treatment rather than the endless second houses of landlords, those who already have one (or more).
There is a national "investment cake" we know private sector mortgage debt is already a colossal figure of many trillions of pounds, this is unproductive wealth that drives up the rents of the ordinary people of Bristol.
Rents drive long term poverty. It really is time to think very hard about a Fair Rent Act to stabilise the Boom and Bust cycles of the property speculators (reduce the Housing Benefit bill which at 25 billion is 5 times the Jobseekers Bill) so that investment is driven into the parts of the economy that create wealth and not division and mortgage debt; for goodness sake we need energy and food not endless speculation on already over priced housing.
Time to call a halt on the greed of private landlords.