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Housing policy and the changing tenure mix

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  • Whitehead, Christine

Abstract

The paper discusses the many reasons why housing policy can appear to be both incoherent and ineffective - with too many Departments involved each with different objectives and a plethora of policies pulling in different directions. Drawing on earlier research findings the paper discusses three examples which have impacted on tenure mix – the growth in the private rented sector where policy initiatives – except for unintended side effects – have been limited and market and macroeconomic pressures have dominated; a range of tax anomalies which provide inconsistent incentives and generate considerable costs to the economy; and the impact of specific policies which concentrate on supporting owner-occupation through new build initiatives. The paper concludes by asking whether housing policy is inherently unable to withstand the pressures placed on it by both politics and macroeconomic realities.

Suggested Citation

  • Whitehead, Christine, 2018. "Housing policy and the changing tenure mix," LSE Research Online Documents on Economics 90172, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:90172
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    File URL: http://eprints.lse.ac.uk/90172/
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    More about this item

    Keywords

    housing policy; private sector; housing taxation; new build; owner-occupation;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets

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