An elected House of Lords is infinitely preferable to the ramshackle appointments system we have right now - a mixture of inheritance, bishops there by spiritual right, and life peers, selected at the whim of the PM and used to stuff the House of Lords with supporters of that particular government. Thats why we have 800 or more of them.
The idea that simply because a vote has put them there somehow endangers the primacy of the House of Commons is a red herring. The legislation as drafted prevents that.
I would prefer a House more independent of party politics, but even the idea of appointing party nominees on a proportional system is infinitely preferable to the current setup.
Offering a salary rather than essentially unlimited expenses, as at the moment, and reducing the numbers from over 800 to 450 or so should make it more economic and affordable.
There are some very capable peers in the House - and its likely those same individuals would be there whatever system was used. What we do have is a lot of dead wood in the House under the existing system - take a look at some of the freeloaders listed here.
http://unlockdemocrac...he-price-of-patronage
I would like to see a shortened proposed term - 15 years seems too long - and I would also like to see what measures are in place to revoke a lordship if that individual is found guilty of malfeasance, or expenses fiddling, or other shady action, but lets get ourselves a more modern second chamber.