Re: What about inflation?
The soaring rent levels were triggered by the last Blue Party administration who abolished rent registration and rent controls
That is just so totally and utterly wrong it really needs answering. So let me recollect my first professional job in London as a young graduate in 1983.
A minor but memorable row from 1983 was the Champagne Socialists denouncing Mrs T for reducing the levels of LHA (it wasn't called LHA then but it was basically the same for benefits claimants). It was reduced to £130/week for a single person in London. That was just over my gross salary (£128), even before PAYE tax took another £44. And that was an above-average graduate salary at the time: many jobs including traditional professions paid £100 or less.
Housing was not at all cheap before Thatcher. But worse, the 1977 rent acts drove honest landlords right out of the market. Tenancies simply didn't exist in the open market. Unless you had a grapevine - like students or nurses - all you could get was a "License" to live somewhere. Nothing exclusive, and no protection against a landlord filling "your" room with 20 other people, Rachmann-style. That's what really badly needed reforming.
I had expected London accommodation to be expensive. But I hadn't expected that I'd end up paying more than 60% of my income, and five times what my student room in Cambridge had cost the previous year, to live in a run-down HMO in Peckham. Nor had I expected to have to take such a big cut in living standards: the student room wasn't exactly luxury, but at least I had basics like hot water available most days.
When you've been through that, you have a lasting distaste for paying tax to help people far richer than you price you out of even a student room. It happened to me a generation ago, and I suspect a lot of young people today will identify with that.
A universal income and no means testing - as advocated here - would fix all that. The more you earn, the better you live. And regardless of what you earn, you have an incentive to look for a lower rent, in that you get the benefit of whatever isn't paid in rent. Landlords would have to accept competitive rents or face voids and no rent.