How will you vote on the great housing carve-up?

Young resentment against middle-aged buy-to-let punters who fuelled the housing market during the boom – and stand poised to reap the benefit from recovery – is at last finding a voice.

The website www. speaks for the would-be first-time buyers who failed to get on the housing ladder. It campaigns for those 'who have been denied their own home because Government policy gives billions in tax breaks to speculators'.

It wants more taxes on buy-to-let and multiple home ownership, more homes built with easier planning, better tenants' rights and efforts to prevent another housing boom.

A couple standing outside a house for sale campaigns for first-time buyers who have been denied their own home because 'Government policy gives billions in tax breaks to speculators'

Priced Out is an angry repetition of the idea that housing is not a market like stocks and shares, but a social need that receives vast public subsidy.

They say a conservative, slow-moving market, where average house prices return to a maximum of five times average salaries, would be the ideal.

Rather than listening to priced-out first-timers, the Government has sought to serve the interests of the property industry, whose lobbyists – such as the British Property Federation – have been urging a vast, tax-friendly, build-to-let programme.

The underlying idea behind this is to wean the British off their insistence on homeownership and turn them into uncapitalised, wag eearning, highly mobile tenants instead. The vast profits of home ownership are not to be enjoyed by younger generations, it would seem. Instead, insurance giants such as Aviva will hoover up new supply to rent out.

Priced Out rightly protests against this greedy carve-up. Young, middleclass professionals want a slice of the nation's wealth just as their baby-boomer parents had, and any Government that sets itself against them is likely to be swept away.

An Election is the perfect opportunity.

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