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Towards a fair and sustainable private rented sector Seb Klier, Policy & Campaigns Manager, Generation Rent Brighton Advice Services Network meeting, May 2015
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Public campaigns Political lobbying Media Community organising
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‘Generation Rent’ 11 million private renters Numbers have doubled within the last ten years Now second largest tenure – more people living in PRS than social housing Huge mix of people, including 3+ million families
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Young, poor and vulnerable? 51% of Renters are Under 35 13% increase in Under 35s in PRS since 2008 20% increase in 20-34 year olds living with parents LHA changes PRS eviction the number one cause of homelessness
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Renting vs. home ownership? Average 1 st time borrower needs 82% of income for a deposit If average earners saved 33 percent of their net income, it would take them nearly seven years to put together the necessary deposit. In 2002, a person in the same circumstances would have saved a deposit in 2.5 years. There are more than 1.8 million households waiting for a social home – an increase of 81% since 1997
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The Tipping Point
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What policies do politicians need to implement? Regulation of the PRS Ending the culture of capital gain Investment
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Regulation of the PRS National register of landlords Landlord licensing Licensing letting agents and banning fees Rent controls Mandatory longer tenancies for renters A ‘Decent Homes’ Standard for all housing
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Ending the culture of capital gain and property speculation A ‘secondary’ housing market Landlord tax on profits Banking regulation Community-led regeneration
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Investment and supply Massive extension of the social housing grant through taxation Housing investment fund, capitalised by tenant deposits Planning reform Opposition to Right to Buy Lifting local authority borrowing cap
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Community organising and giving power to renters Generation Rent supports, initiates and promotes community organising around housing Community organising can take many forms, for example, peer support; lobbying the council; public campaigns; direct action etc. Interaction with advice agencies can help these groups grow and remain sustainable Can these groups work more closely together?
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Any questions? Seb Klier, Policy & Campaigns Manager, Generation Rent sebklier@generationrent.org sebklier@generationrent.org 07432 6545 290 www.generationrent.org www.generationrent.org
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