“As a man is said to have a right to his property, he may be equally said to have a property to his rights.” (James Madison)
We are established in our careers. We have stable relationships. We have even ditched expensive nights clubbing for dinner parties. Yet we do not not own!
30 years ago it was common place to buy a property. But with the rise in tuition fees at universities and the ongoing debt issues many 20/30 year olds face, the ability to reach one’s goal of owning remains a dream. Last week I had a conversation with some friends who explained their rental situation in London. Paying £700 a month to rent a room in a five bed house seem absurd to me, as I am one of the lucky ones who owns. With these high rental prices the ability to save to buy just keeps drifting further away.
Even with the government initiative Help to Buy scheme, many people still are left with the the reality of not being able to own. Is there a way out of this ‘crisis’?