Saturday, March 11, 2006

State housing

Unlike Lindsay, I do not think that the situations like this are endemic to the provision of state housing - but they are to the current system:

I think the main difference I have there is that I see the role of the Government as being a market facilitator; not dissimilar in many respects to the market makers on the NASDAQ. This means that I see that state housing is a good thing within their role - however they should not be providing it at a discount to the market rates. They are there to provide liquidity to that level of the housing market - however only in so far as it still pays for itself, they are not there to undercut the market or use other tax payers funds to subsidise tenancy.,2106,3600103a11,00.html

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