Rising home ownership was once a staple of post-war prosperity. The increasing number of people owning their own home underpinned not only a burgeoning middle class, but a broader sense of optimism about the future.
A basic kind of social contract also emerged: if you worked hard and saved, you could eventually own a home. Today, while private renting remains so insecure and unaffordable, the stability of home ownership will obviously continue to be attractive for many.
Unfortunately, this social … Read more