Build a million council homes. Put people back to work. Increasing the tax base.
Permit local authorities to levy a property tax specifically for house building.
Have a windfall tax on all domestic and commercial capital gains of landlords over the last 10 years. Put the revenues into house building.
Abolish "Right To Buy" and "Help To Buy".
Compulsory purchase of "Buy To Let" properties by the state at their original market value.
Abolish commercial landlordism.
Stop blaming foreigners for the shortcomings of the free market.
Stop seeing the housing crisis as an exclusively middle class issue. The media are particularly guilty of this.
Tinkering with interests rates (impossible anyway) and taxation are market mechanisms when it's the market that is at fault. It's like fiddling while Rome burns and Brixton overheats. The madness of neoliberalism permits mortgages to be cheaper than rents. It's a capitalist cruelty that creates overcrowding, forces people away from neighbourhoods they grew up in, provides little or no provision for the poor and ultimately leaves people homeless.
If you are homeless and on the streets the same system criminalises you. If you show some initiate and squat an empty building the same sick system criminalises you. The real criminals are those that keep a building empty and land undeveloped to turn a profit on investment.
For as long as i can remember, housing has been the only market where rising prices were greeted with glee. Now that's beginning to change but only because the middle class are beginning to feel the pain the poor have always known. The poor shouldn't look to them for salvation nor their political persecutors who put them in privately run jails having put them out of their homes.