Owning property is arguably key to building a family’s stable and secure future.
Not only is it an asset in itself, but it takes away our worry about the affordability of our home once we retire. We can invest not just our money in that home, but also invest our time, effort and love to make it a place we want to live in.
Not surprisingly, therefore, getting on the property ladder so you can work towards owning your “forever home” is so important to us in the UK.
But this is increasingly hard and unaffordable.
What could a government (locally, regionally or nationally) best do to help?
- set rules to ensure fairer & affordable rents
- provide help to buy a first property
- some other way to help (please tell us more)
While there have been some moves by the UK government to "help to buy and “stamp duty holidays”, this might put even more pressure on prices of first-time properties, keeping them unaffordable.
How are you supposed to save for an ever-increasing deposit while paying sky-high rents? Might it be better to control rents, making it easier to live and save, and reducing the returns on buy-to-let activity?
What do you think? Would this work? Would it help?
What do YOU need?