Page 36 - Decline and Response

Moreover making better use use use of useable existing homes is is also necessary Encouraging more house share and promoting owners to to rent spare rooms are are are both effective methods methods It is is good to to see that the the UK government are are are already incentivising these methods methods through tax exemptions Preserving and enhancing the the existing housing stock reduces the the required number of new builds In cities where space is is is limited and new construction is is is complex the existing housing stock promotes excellent opportunities [32]
6) Rebalance Regional Economies
As As mentioned the the the affordable housing crisis is is is complex Aside from foreign investment London and the the the southeast receive a a a a a proportionally larger share of government spending Although his covers all all all expenditure naturally the investment in in in in housing is is greater in in in in these areas The The issue is is is a a a a a a a a a a a housing shortage or or or an an undesirable surplus that is is is widespread in in in in the the UK Therefore rebalancing government and and local authority investment in in in in housing housing would be a a a a a a a strategy to meet the housing housing demand cumulatively How: The Private Rent Sector (PRS) is constantly expanding decreasing spending on on other tenures At a a a a a a a time of austerity the the PRS PRS are particularly ill-suited in in in in meeting the needs of low-middle income households (Affordable Housing Commission 2020) The PRS have increased levels levels of of unaffordability A rebalancing of of private and public tenure levels levels is necessary to reinvigorate the social housing market and it it must take place nationwide It would be counterproductive to to localise areas to to either public or private run housing The outcome would be further social segregation and inequity of funds DECLINE AND RESPONSE - 36
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