The UK economy is heavily unbalanced and society is under severe strain because of the unhealthy proccupation with property values . The private sector should be controlled and the govt should intervene to create more social housing with a new agile and diverse philosophy that would allow tenants to rent, buy, exchange but with clearly defined rules on standards of upkeep and presentation .
Southern Europe has some interesting models with public corporations that develop public and private land under cost controlled ,socially diverse responsible and means tested models that allow , different age groups, economic classes etc to establish a foothold in areas otherwise closed to them .
Rent controlled projects should be encouraged to draw demand away from the private sector and prevent overheating in the housing market .
Why does this idea matter?
Because the UK is becoming an increasingly unjust society for all age groups , where its native citizens are being denied access to housing against a backdrop of stagnant or falling wages and falling industrial output . Govt interevention is required to stabilize an out of control market situation that is damaging the competitiveness and stbility of our society.