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Sharing the pain
Shared ownership is set to be another broken retaining wall in the housing crisis, writes SOLOMON HUGHES
Lovelace House, a shared ownership housing scheme on Uxbridge Road in Ealing, London, 2008; Yvette Cooper
The new TUC Cymru general secretary speaks to Morning Star Wales reporter David Nicholson about her trade union background and ambitions for the movement
The Claudia Sheinbaum government is no pushover and is holding firm despite US abuses of the relationship, says DAVID RABY
As we approach the grim anniversaries of Hiroshima and Nagasaki, SIMON BARROW sounds the alarm over the dangerous and murderous direction our government is heading
The new PM may offer more of the same, but early signs on his housing policies look promising, says GLYNN ROBBINS
CLAUDIA WEBBE argues that Burnham’s U-turn on tackling greedy landlords has let the country down
SHARED ownership was supposed to be an “imaginative” housing solution pushed both by New Labour and Cameron’s Conservatives, but a recent article in online magazine The Lead says the “situation is so desperate that the plight of shared owners may well be the next big housing debacle.”
Shared ownership is for people who want to buy a flat but can’t afford ever-rising property prices. So you try and “own,” say, 30 per cent of your flat, paying rent for the remaining 70 per cent.
It’s meant to be a bridge between renting and buying. Maybe over time you can buy bigger shares of your flat and slowly join the respectable property-owning classes.
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