Perhaps the only reason to be optimistic is that the government may finally decide to use some of the windfall of Capital Gains Tax from these sales to put in the measures that will help everybody have access to an affordable and safe home. “The impact is far reaching and, as is usually the case, the people who suffer the most from this will be the poorest, those already with the fewest choices. “Once hundreds of thousands of homes disappear to the owner-occupier market, choice will be more limited and rents will almost certainly rise. Many younger people enjoy the flexibility of letting and can move from job to job and city to city with relative ease. “Rental homes, despite all of the negative press, provide valuable, temporary accommodation for millions of people who don’t want the long-term commitment of owning. He adds: “Many tenants currently happily living in their home will be forced to move out, even if, in the end, another landlord buys it.
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