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It is so very easy to blame Thatcher.
Who is to blame?
You! The people.
Find me the person who is happy to buy a house, live in it for a number of years and then sell it for less.
Why are rents rising? Two reasons are because of rising prices and the lack of available property.
You/We are living in a society filled with greed and one which is fuelled by greed and the misguided belief that there is money to be made and it doesn't matter whether or not the market and certain people suffer because of this!
People, when possible, are investing in property.
Sadly, we have people who even openly brag about owning more than one property. These people are investing in property and are not only gloating in the essence of this action but are creating a falsified market value. This kind of behaviour creates the worrying issues which we have come to know too well and there are concerns that prices are escalating to the extreme and beyond our control.
Owning more than one property deprives the possibility of a person wishing to buy as the availability becomes more limited.
Of course, the landlord/landlady will tell you that they are providing a service and everything else to brighten up their own egos and to try and persuade you, the listener, that they are offering something which is helping society and of course, trying to fool you in believing they are a charitable individual.
Fact! Actions of some members of our own society are limiting the availability of property to buy and are only supporting the market prices as well as fuelling the ever increasing price of property.
People are paying ridiculous prices because they have been placed in a position where they have little option or even, no option at all!

So! Who is to blame?