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From The Socialist newspaper, 17 May 2017

One in three borrow for rent, Corbyn pledges housing revolution

Housing demo, London, 13.3.16, photo James Ivens

Housing demo, London, 13.3.16, photo James Ivens   (Click to enlarge)

Nancy Taaffe, Waltham Forest Socialist Party

One in three people have borrowed money just to pay the rent - some from family and friends; others with interest and fee-charging overdrafts, credit cards and payday loans.

The figures from housing charity Shelter reveal that of nearly 1.6 million private tenants on low incomes, around 511,000 had borrowed for rent during the past year.

And phenomena like this are not only applicable to London.

A recent Radio 4 PM programme followed the plight of two young Liverpudlians as they struggled to find a place to set up home and start their life together. It found a pattern of financiers, billionaires and oligarchs snapping up new builds and empty properties for investment, while young couples struggle to find a home they can afford.

The super-rich see Britain's inflated property market as a safe store for funds. On top of this, the head of the National Crime Agency believes organised criminals use the London property market to launder money.

Hoarding and speculation

This hoarding of empty homes by the bosses - whether gangster or legit - is coupled with decades of council house sell-offs and the abolition of rent control. The knock-on is shortage and speculation on such a scale that housing costs now bear no resemblance to reality.

But while we live through housing horror stories, we have also watched the publication of Jeremy Corbyn's election manifesto. It goes some way in attempting to right the housing wrongs of the past. Compared to what exists now, it could represent the start of a housing revolution.

Labour's manifesto includes the following promises:

The Socialist Party supports these first steps in trying to take charge of housing policy and plan it for human need. We will be out campaigning for this programme to win - and for Corbyn to push it further.

For a start, we call for nationalising land, the finance sector and the big construction firms - under democratic working class control and with compensation only on the basis of proven need. This is necessary to free up the money supply and end property speculation.

We will wholeheartedly campaign for a Corbyn-led government. But if the worst happens on 9 June, we have no intention of rolling over and allowing a whole generation to be locked out.

As the Butterfields tenants and then the One Housing tenants have shown in east London, when tenants organise and fight, we can beat the landlords.

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In The Socialist 17 May 2017:


Kick out the Tories! Corbyn can win

Kick out the Tories: For a Corbyn-led government

Tories out! Corbyn can win with socialist policies

Corbyn's manifesto: An important step in the right direction

TUSC confirms no candidates in June

Suprise rally with Jeremy Corbyn in Morley

Corbyn's alternative for young people

Corbyn could re-win Scotland with a socialist approach to independence


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Support Corbyn's call to renationalise Royal Mail

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Workplace news in brief


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Socialist ideas are energising young people

Fund the fight against the Tories

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International socialist news and analysis

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The Socialist inbox


 

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Related links:

Housing:

triangleGrenfell disaster: one year on, still no prosecutions, still no adequate housing..

triangleSeattle council repeals Amazon Tax

triangleHousing strike against individualised pay enters week two

trianglePay rises of 283% needed for most to afford London homes

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Revolution:

triangleMay 1968: 'Communist' leaders hand power back to defeated bosses

triangleFrance '68: History's greatest general strike erupts

triangleHarrogate Socialist Party: France's 1968 'Month of Revolution'

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Tenants:

triangleSweden: Socialist elected leader of 77,000-strong tenants' union

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Homes:

triangleRefugee suicide scandal - fight for jobs, homes and services for all

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London:

triangleEast London Socialist Party: Is the far right rising?

Council:

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Manifesto:

triangleAbolish tuition fees and student debt!

Rents:

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Jeremy Corbyn:

triangleDesperate divisions in Tories - Corbyn and unions must act

Housing benefit:

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Butterfields:

triangleEast London tenants fight 40% rent hike

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