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Property Rationing #181

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Property Rationing #181

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5 changes: 5 additions & 0 deletions manifesto/housing.md
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Expand Up @@ -24,3 +24,8 @@ With fewer people able to afford to buy, many are renting. We will carry out a p
## Council Tax

Investigate a fairer system than the current 'band' system of council tax.

## Property Rationing

Property is in extremely limited supply in the UK. This has led to soaring house prices, and created a 'generation rent' of young adults who may never be able to afford their own property. As with food that was in limited supply during and after the Second World War, property should be rationed to ensure adequate supply in the housing market, which will help ensure prices remain affordable. It is proposed that each adult be entitled to own a maximum of two properties in addition to their declared main residence, which will allow a limited buy-to-let market, without permitting anyone to accumulate a vast property porfolio. This would also encourage people to focus their efforts on the generation of earned incomes, rather than unearned income from rents.