Originally published on my blog for Inside Housing on March 5.
Theresa May is a politician with a gift for saying the right things but somehow in the wrong way.
I’m thinking here not just of the obvious examples such as the ‘nothing had changed during the election campaign’ and the collapsing lettering of ‘Building a Britain that Works for Everyone’ during her Conservative conference speech last year. She does it even when she is most in control of what she is saying.
She did it in her first speech as prime minister when she dedicated herself to tackling ‘burning injustices’ but only succeeded in drawing attention to the fact they were the legacy of the previous six years of Conservative rule.
She did it on Friday when her big speech on Brexit rightly pointed out that ‘we can’t have everything’ only to prompt a German journalist to ask ‘is it all worth it?’.
And she did it again in her speech on Monday launching the new version of the National Planning Policy Framework.
Originally published on my blog for Inside Housing on February 16.
Housing is so often presented as a story of inequality between the generations but what about inequality within generations?
Analysis published on Friday by the Institute for Fiscal Studies confirms the familiar story of the collapse of home ownership among younger people that has been accompanied by a surge in private renting and adults still living with their parents into their late 20s and early 30s.
The IFS briefing concentrates on people aged 25-34, exactly the age group who could once have been expecting to take their first step on to the housing ladder.
The collapse has obviously been biggest in London but home ownership rates have fallen even in the cheapest regions like the North East and Cumbria.
Originally posted as a column for Inside Housing on November 29.
What happens to the huge wealth generated by soaring house prices is a crucial issue not just for housing but also for the future of Britain.
The Office for National Statistics puts the value of unmortgaged housing equity at just under £4 trillion and second only to pension wealth of £4.5 trillion in total personal wealth of £11.1 trillion.
Savills estimates unmortgaged equity at over £5 trillion and says housing is now the single biggest source of wealth in the country and a report today by the Halifax says the total value of the UK housing stock has passed £6 trillion for the first time.
Whatever the number you put in front of those 12 zeros that is a serious amount of money- the UK’s national debt is currently worth £1.8 trillion.
As by far the most visible divide between baby boomers like me lucky enough to have been born and buy houses at the right time and millennials born at the wrong time and stuck in the wrong housing tenure, housing dominated an event on wealth inequality that I went to in Bristol recently.