{"id":109213,"date":"2019-07-22T00:36:11","date_gmt":"2019-07-21T17:36:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-housing-inequality-the-young-are-paying-editorial\/"},"modified":"2019-07-22T01:04:03","modified_gmt":"2019-07-21T18:04:03","slug":"the-guardian-view-on-housing-inequality-the-young-are-paying-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-housing-inequality-the-young-are-paying-editorial\/","title":{"rendered":"The Guardian view on housing inequality: the young are paying | Editorial"},"content":{"rendered":"<p>&#013;<br \/>\nThe promise of a property-owning democracy is laughable when so many millennials cannot afford to buy \u2013 and will struggle to rent in old ageThe UK\u2019s dysfunctional housing market \u2013 or more accurately, markets \u2013 is a problem affecting people of all ages. But the plight of millennials, born between the early 1980s and mid-1990s, deserves special attention. These people, now in their 20s and 30s, are far less likely than previous cohorts to be able to access a socially rented home or afford to buy one \u2013 particularly in London, Edinburgh, Oxford or any of the country\u2019s other hotspots. Those who went to university, particularly since 2010 when tuition fees rose to \u00a39,000 annually, have large debts. This week a parliamentary report said a chronic lack of affordable housing means that 630,000 of them are on course for an old age of homelessness.How to turn this situation around and enable millennials to achieve a good standard of living \u2013 including secure housing tenure and the freedom this brings \u2013 is a question that should exercise not just policymakers but voters. A good society should strive for intergenerational fairness as a matter of principle, but also because we depend on younger people to look after us when we grow old. For this arrangement to break down, because earlier generations have failed to share opportunities and resources with those coming up behind them, would be deeply harmful. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/commentisfree\/2019\/jul\/21\/the-guardian-view-on-housing-inequality-the-young-are-paying\" target=\"_blank\">The Guardian view on housing inequality: the young are paying | Editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; The promise of a property-owning democracy is laughable when so many millennials cannot afford to&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109213","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-spv","jetpack-related-posts":[{"id":162519,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/generational-shift-as-millennials-make-up-half-of-new-buy-to-let-investors-in-england-and-wales\/","url_meta":{"origin":109213,"position":0},"title":"Generational shift as millennials make up half of new buy-to-let investors in England and Wales","date":"October 13, 2025","format":false,"excerpt":"\r Surprise finding by Hamptons shows age group comprises 50% of all new shareholders in firms set up this yearMillennials now account for half of new buy-to-let investors in England and Wales, signalling a generational shift in landlords, while rents have dipped, according to a report.It is a surprise finding,\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/90k-is-a-lot-of-avocados-javid-defends-millennials-who-cant-afford-a-home\/","url_meta":{"origin":109213,"position":1},"title":"&#039;\u00a390k is a lot of avocados&#039;: Javid defends millennials who can&#039;t afford a home","date":"November 16, 2017","format":false,"excerpt":"\r Communities secretary criticises baby boomers who have long paid off their mortgages for saying young people are too profligate to own propertyThe communities secretary, Sajid Javid, has lambasted baby boomers who believe young people could afford a home if they cut back on nights out and avocados, saying such\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-preventing-millennials-from-being-able-to-buy-homes-expert-says\/","url_meta":{"origin":109213,"position":2},"title":"Higher prices preventing millennials from being able to buy homes, expert says","date":"October 26, 2018","format":false,"excerpt":"\r Susan Wachter of The Wharton School said mortgage rates and housing prices are constricting demand in the housing market.\r \r Source : cnbc.com\r Read more...Higher prices preventing millennials from being able to buy homes, expert says","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109081,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uks-renting-millennials-face-homelessness-crisis-when-they-retire\/","url_meta":{"origin":109213,"position":3},"title":"UK&#039;s renting millennials face homelessness crisis when they retire","date":"July 17, 2019","format":false,"excerpt":"\r Report finds at least 630,000 will be unable to afford private rents on their pension incomeMore than 600,000 members of so-called \u2018Generation Rent\u2019 are facing an \u201cinevitable catastrophe\u201d of homelessness when they retire, according to the first government inquiry into what will happen to millennials in the UK who\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-bankers-association-expects-more-millennials-to-buy-houses\/","url_meta":{"origin":109213,"position":4},"title":"Mortgage Bankers Association expects more millennials to buy houses","date":"November 29, 2018","format":false,"excerpt":"\r Bob Broeksmit, Mortgage Bankers Association CEO, joins 'Squawk Box' to discuss the Mortgage Bankers Association housing forecast.\r \r Source : cnbc.com\r Read more...Mortgage Bankers Association expects more millennials to buy houses","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105411,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-american-dream-still-exists-millennials-just-cant-afford-it\/","url_meta":{"origin":109213,"position":5},"title":"The American Dream still exists; millennials just can&#039;t afford it","date":"March 26, 2019","format":false,"excerpt":"\r For young adults, sky-high rents and unprecedented student loan debt reduce the likelihood of being able to buy a first home.\r \r Source : cnbc.com\r Read more...The American Dream still exists; millennials just can't afford it","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109213"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109213"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109213\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}