In this article
A home run for housing
Liberal Democrats finance spokesman Vince Cable suggests a policy aimed at reminding people houses are homes to live in not investments to be bought and sold for profit would be a positive move. The idea is that as repossessions increase in number, funds that have been locked for years are released to enable Housing Associations and other social housing organisations to buy the properties from mortgage providers, enabling people who were mis-sold mortgages they could not afford to remain in their homes as tenants.
Cable is, as far as I am aware, the first promient politician to say we must rid our society ofd this obsession with the fallacy that owning property makes us rich or “middle class,” and talk for reminding people that houses are not investments to be traded and there is no real stigma in renting one’s home.
Could this be the first positive step towards repairing the society Thatcher trashed so deliberately and disastrously and Blair pulverised.