THE crisis in the rental housing market highlighted by the County Press is in large part due to very low interest rates for savers.

ISAs return nothing these days and savers have turned to buying second, third homes/properties which they then put on the rental market as an investment.

Now there is a bonanza in demand for housing, particularly in desirable locations like the IW, investor landlords are cashing in and selling up while prices are high to make a quick and very lucrative killing.

Read more: County Press investigates Isle of Wight home rental crisis.

Read more: Would Cornwall's solution work on Isle of Wight?

The only way to stop this and return affordable houses to families desperate to buy affordable homes, is to heavily tax second home owners, making buying housing purely for investment financially a very unattractive proposition.

But there is one major fly in the ointment, the party of greed are never, never going to do that, are they?

And the British public would never vote for a political party that contemplated such an idea.

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