Complete bollox.
All it will achieve is a corresponding rise in house prices.
Any fool can see that.
Yep, this is spot on. Ironically this will basically be another subsidy to the homeowning generation from which the young people will be trying to buy housing (just like stamp duty relief).
We just need to build a ****-ton more housing, and continue to make it harder for existing owners to easily bid-up the price of housing as they seek buy-to-let investments, and also introduce much fairer long-term rental contracts. Easier said than done, I know, but after generations of policies encouraging nice comforting above-earnings rises in house prices, we’ve basically got a pyramid scheme for a housing market.