1.1Housing – The British View
The UK is alone in Europe with its house-buying obsession. Many people in the UK purchase houses as a commodity/pension/financial asset/income, with ‘home’ being last on the priority list. By doing this, we have been deluding ourselves for many decades. Elation at house-price growth has given way to the surprisingly slow realisation that not only will our children and grandchildren be unable to buy a house (without a large inheritance), but that even an extra bedroom has become simply unaffordable.
The ‘house as commodity’ mindset is also affecting our communities. Generation Rent is increasing the rate at which people move house. Those who live in an area for only six months to a year are not concerned about getting ...
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