Housing Is F**ked

Here’s 3 ways in which the UK housing sector
is completely and utterly f**ked. 1. Home Ownership. Do you ever get the feeling
that life just isn’t as fair as it used to be? 20 years ago, 65% of 25-34 year olds
on middle incomes owned their own home. Today, it’s just 27% and falling. Mean house prices are 152% higher today than
they were in the mid-1990s, adjusting for inflation. The consequence? The average house
price for a young person today is around 8 times their household income, compared to
4 times 20 years ago. —And with up to half our incomes going on
rent, it will take millennials an average of 19 years to save for a deposit to buy a
house – compared to an average of 3 years back in the 1980s. In comparison, 1 in 6 baby boomers owns a
second home – meaning that not only is there generational concentration of wealth, but
the buy-to-let market means that the pay packets of the young are lining the pockets of wealthy
older people. 2. —Housing benefits. Who do you reckon
is a bigger drain on the state: unemployed people, or enterprising, property-owning private
landlords? Wrong. It’s landlords. Just 1% of UK government
welfare spending goes towards unemployment entitlements. But 25% of welfare spending
goes on housing benefits, which are now part of the Universal Credit system. 4.2 million people claim housing benefit,
which is more than any other kind of benefit. Last year, an estimated 21.9 billion pounds
was spent on making sure that people in the UK could keep a roof over their heads by supplementing
their rent. This year, it’s predicted that over £10
billion of the housing benefit spend will be going towards supplementing rents of tenants
in the private sector. So that’s over £10 billion pounds of taxpayer
dosh feathering the nests of private landlords instead of being spent increasing the supply
of actually affordable housing. Because that’s the real issue. Housing benefit
doesn’t cover rents in 95% of the country. The gap between welfare support and costs
is more than £100 a month in England and more than £900 in central London. This means
that thousands of families are either forced to cover the shortfall between rent and income
through increasing personal debt, or are pushed into homelessness 3. —Which then puts them at the mercy of
the Temporary Accommodation industry Also known as the Chokey of the UK housing sector. In the last 5 years, the combination of benefits
cuts, soaring rents and a nationwide cost of living crisis has led to a massive increase
in the number of people declared statutory homeless. According to the House of Commons
library, there’s been a 77% increase in the number of households placed in temporary
accommodation since 2010, when the Lib Dem-Tory coalition came into power and ruined the lives
of basically everyone who wasn’t a millionaire. The latest data shows that over 125,000 children
are currently in temporary or emergency housing —Between 2018 and 2019, £1.1bn was spent
on B&Bs, hostels and other temporary shelter – 30% of which was spent on emergency B&Bs,
despite there being a near universal consensus that these are the worst form of accommodation
for children and families. Council spending on emergency B&Bs has gone
up by 147% in recent years, while the number of units has increased by only 32%. In short,
the homelessness crisis has created the perfect conditions for unscrupulous landlords to spike
their prices, with the taxpayer footing the bill. More than 27,500 people are living in so-called
“exempt accommodation”, meaning that their full-rent is being paid by the taxpayer, but
there aren’t any safeguards for standards or safety governing the placement. “Exempt
accommodation” is often used to house people who are extremely vulnerable or have complex
needs: domestic violence survivors, the long-term homeless, and people with substance misuse
issues. In a report released just this month, one resident said —“It was dirty, filthy – rats and all
sorts. Really dangerous. Never saw a staff member again after I got the keys. I stayed
for about 10 days, then slept on a park bench for two. I was sexually assaulted in that
park and I was terrified, confused, the lot.” Treating emergency and temporary accommodation
as a commodity has created incentives for the private sector to bleed the public purse
dry – and people aren’t even getting decent

18 thoughts on “Housing Is F**ked

  1. Alright, I'm sold on free public housing for all.
    And abolishing private real property. But I was already sold on that.

  2. It's not a matter of if it's a matter of when. The housing issue is out of control throughout the world. Landlords are bleeding us dry and it's not sustainable. Either our governments do something about it or the citizens eventually will.

  3. A dull whinge about the realities of real estate in the UK. The factors are numerous for soaring costs of housing & demographics can not be ignored.

    British governments prioritise vanity projects such as Trident & HS2 over building homes because the UK economy hinges on keep property expensive.

    Break that paradigm & you will break the UK.

    A radical solution would be to break up the UK into 4 seperate kingdoms. Also reduce population by all means available.

  4. ash on point as usual…last couple of minute brought a tear to my eyes. rough sleeper a few years ago and guts me there are more out there, took me so long to get off the streets, still depending on local church food bank btw. we need to be looking at who cares about these issues at the general election. come on people the homeless are not your enemy

  5. It wouldn't be if we hadn't imported too many people.
    Yes 20 years ago labour opened the floodgates to mass immigration, no coincidence that housing then became a huge issue.

  6. Well not surprising considering a South East ETHNIC system in which London/home county Types Seem more at Home in France then Up Real North, We Need a Power Shift English Culture wise and economic from South East who's People Easily Burn Under the Sun to North West Native Briton English, That's Only Way to Keep UK together in my mind

  7. Have faith girl. You can buy a house if you become financially literate. And once more people are economically educated. The whole system can change.

  8. 0:17, I'm loathe to criticise but you can't say 65% of 25-34 year olds on middle incomes owned their own home then show a graph for which the 27% it has apparently now dropped to (circa 2016) is measured for 25-29 year olds of all incomes. The quote was perfectly correct, the graph didn't show what you were trying to say, beyond a general trend down of course everyone in a different age limit. I think the figure 6 graph in the IFS full report best illustrates the point of the gap between income and house prices which is the main reason why people don't own their own homes. And that is down to New Labour, not just Thatcher and the conservatives.

  9. This is programmed to self-destruct. In a complex, interconnected system, it is only one subsystem being pushed to the limits.

    The rich, those who live in comfortable, detached, four bedroom houses and upwards, fail to appreciate their foundations rest on Grenfell Towers and the like.

    Yet quiet flows the Thames: I see but water where I might look to see fire flow.

    Civility hangs by a fraying thread: I wonder at it’s resilience.

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