The signs of housing stress accumulate. On top of established problems of affordability among young people living independently we are seeing increasing numbers of households sharing and a rise in multigenerational households as children find it more and more difficult to leave the parental home.
A sense of injustice about the state of the housing market sits just below the surface of many conversations across generations. It doesn’t take much to trigger some heated words from those who feel they have been shut out of the housing market by the selfish actions of their elders. Something I experienced again the other day.
Allister Heath has a comment piece in today’s Telegraph in which he highlights what he describes as Westminster’s deafening conspiracy of silence over the major policy challenges facing the UK. He highlights three policy areas. The first two are funding the NHS and dealing with the public spending deficit.
The third is the dysfunction of the housing market. Here he argues: [Read more…]