‘Vast’ growth in value of England rentals since 1990 would have built 3m council homes
by Robert Booth Social affairs correspondent from World news | The Guardian on (#6D25B)
Exclusive: Private rentals have grown 400bn in value - making a mockery of landlords' demands for tax cuts, say campaigners
Private landlords in England have made enough money from rising house prices in the last three decades to build at least 3m council homes, research suggests.
Owners of private rental properties have seen their assets grow in value by 400bn since 1990, equivalent to the amount needed to build more than 50 times the number of council homes that were actually built in England in that period.
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