Looking after the Nation's Housing Stock: can we leave it to market forces?

The article examines a policy of how the housing system should operate to raise the quality of the housing stock to the desired level in Great Britain. If the government is interested in providing a quality stock for generations to come, it would be more effective to subsidize the young who want to do the renovations needed at the time they transfer to the houses vacated by the older people. The effect of the policy change must be to cut down investment significantly in comparison with other previous levels.