Encouraging House Rentals in Government Policy during the Nineties

Abstract

The author as a party to policy making, gives an economic focus to the way in which house renting has been handled within Housing Policy of late. Given the complexities of the issue as within the greater complexities of renting as such, the paper sets out to comment upon the present government ' s thinking upon the renting out of public housing, seeing this as being much influenced by the present state of house rentals as a whole and describing this sector as being in a state of social and economic decline mirrored by that of the properties on which it is based. The author also points up other consequences of the general situation such as the great difficulties to be encountered both in the buying of a home because of soaring prices or the renting of one because of falling supply. After this overview of the situation, the paper goes into gives an outline of various aspects of recent housing policy such as punctual loans, subsidies, aids, the various ways that such lending has been treated from plan to plan along with the idea of fixing a maximum rent and residual value. The author next then makes a comparative efficiency analysis of punctual fundings for rented public housing meanwhile marking the difference between future possible and real efficiency and argues that he does so in order to then offer us an analysis technique that would counteract the conclusions of such as call for changes in the way that house renting is encouraged as within the terms of the present Act.