There’s a reason why New Economics Foundation stands for Not Economics Frankly. That reason on display here with the plan for reforming the housing market.
New figures released on Wednesday confirmed what we already knew: homeownership is becoming increasingly out of reach for young people. A survey by Santander found 70% of 18- to 34-year-olds now believe that homeownership is over for their generation. Our housing system has been allowed to degenerate to such an extent that secure and affordable housing is increasingly unavailable to working-class people, and in many places middle-class people too.