The Rent Trap: How We Fell Into It And How We Get Out Of It by Rose Walker and Samir Jeraj
My rating: ★★★☆☆
The current London Mayoral election campaigns have unsurprisingly centred around the Capital’s dire housing crisis. This book is a welcome intervention into the debate and focusses on the private rented sector, which has boomed in recent decades to now include some 11 million private renters across the UK.
It explains the reasons and interests driving the sky high rents experienced by so many tenants today and how the interests of landlords are fiercely protected by lobby groups in Parliament. If you’re interested in the intricacies of All Party Parliamentary Groups or Private Members’ Bills, as I strangely am, then these parts are certainly for you.
The picture painted of the private rented sector is a dark one. The simple inability of many to save for a deposit, the upheaval of no fault evictions, the scandal of manufactured letting agents fees as well as the often criminal actions of landlords who do not think many areas of the law apply to them or that their tenants deserve privacy, are all covered in detail. More widely with buy to let mortgages further overheating the property market and therefore pricing out many of every buying their own home, it is now common for tenants to be paying, via their high rents, either the mortgage(s) of their landlords or into their pension, which has the obvious long term affects of denying these assets to younger generations of tenants.
One of this books chief merits, drawn out by its many varying case studies, is the moral case against this current market situation and its social and generational injustices. When interviewed and pushed by the authors over whether they feel the rental arrangements they have are moral or defendable, it is clear the vast majority of landlords are aware of the ridiculous levels of unfairness they are contributing to but quickly choose to ignore it or defend it as merely the way of the market.
This now default viewpoint is dug into with a concise history of post war UK housing policy, which accurately pinpoints the source of many of the market’s problems today as originating from the policies of the Thatcher Governments. These set the market loose from any rent controls, drained councils resources and housing stocks and has led to housing now being seen much like other commodities, as a vehicle to solely make profit, and not to provide safe, fair and secure shelter for human beings. It is clear the authors are uncomfortable with this designation and after reading this book it is difficult not to share these sentiments.
The one drawback of this book is that it doesn’t really seem to offer conclusive answers to the vast problem(s) it outlines. Considering the book’s full title, The Rent Gap: How we fell into it and How we get out it, this is disappointing and the only real alternatives offered are piecemeal initiatives such as cooperative housing, community land trusts and the increasing number of Londoners who choose to live on canal boats on the capital’s many now defunct waterways. However these options provide merely a tiny fraction of housing in the UK compared to full property ownership, the private rented sector or even social housing. They do not seem feasible options for a new fourth sector.
However the lack of answers is not really a criticism of the authors, or the book, but merely a indication of the depth of the problems. Also to be fair the regulation of private rented sectors in Europe, particularly in cities such as Paris and Berlin, is carefully considered and seems to offer the most obvious potential answer. Here tenants are allowed much more time, compared to the remarkably short 6 to 12 months afforded in the UK, to stay in their properties if they have done nothing wrong. However this would appear to require a wider transition from the short term desire for steep profits, which dominates many areas of British society, towards a private rented sector offering a more stable, cheaper and longer term option for tenants.