Home ownership a hereditary privilege
This phenomenon is hardly new, but the housing affordability crunch has made it much worse.
Forty years ago it took the average couple three years to save for a deposit to buy a home in the UK. Today it takes nine, rising to 15 in London.
Parents stepping in
The slow and delayed progress younger generations are making towards buying somewhere to live has been made possible by increasing dependence on wealthy parents.
Home ownership huge gaps between those with and without family wealth.
John Burn-Murdoch FT 14 July 2023
Many millennials and Gen-Zers, who had dreamt that a crash would allow them to buy their first house, are no doubt disappointed.
Hushållens bolån var i februari 4.103 miljarder kronor
Consumes and investors feel rich because they are rich.
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