It’s one of the biggest contradictions in British politics. Across the country, baby boomers who own a house cheer as the value of their property rises. Meanwhile their millennial children watch on in horror, as owning their own home increasingly falls out of their reach. Politicians talk about building more homes but very few of them talk about directly reducing house prices. If house prices are too high for people to be able to buy houses, how can we bring them down? And can we do it without upsetting homeowners and crashing the economy? Ayeisha Thomas-Smith
Topics:
neweconomics considers the following as important:
This could be interesting, too:
Bill Haskell writes Promoting the General Welfare, The Supreme Court’s Version of Doing So
NewDealdemocrat writes For the second time in three months, the Household jobs Survey was recessionary
Angry Bear writes Medicare Payment Advisory Commission report to Congress Brief
Angry Bear writes Western “Values”
It’s one of the biggest contradictions in British politics. Across the country, baby boomers who own a house cheer as the value of their property rises. Meanwhile their millennial children watch on in horror, as owning their own home increasingly falls out of their reach.
Politicians talk about building more homes but very few of them talk about directly reducing house prices. If house prices are too high for people to be able to buy houses, how can we bring them down? And can we do it without upsetting homeowners and crashing the economy?
Ayeisha Thomas-Smith is joined by Joe Beswick, who leads on housing for the New Economics Foundation, and housing campaigner Beth Stratford, a PhD researcher at the University of Leeds.