"The recent history of property in Britain is wrapped up in notions of freedom and the social mobility of owner-occupation and right-to-buy. Yet right now, Britain faces a return to a more traditional relationship with the land, in which property is the principal agent for holding back opportunity for all. There are other options, as stable house prices, large high-quality flats and secure rental tenure have delivered in Germany, for example. The property ladder was a one-off opportunity for a lucky generation-and-a-half. Now we are back to a kind of neo-feudalism, in which your quality of life depends on who your parents are, and what they owned."
Posted on: Mon, 19 Aug 2013 01:42:28 +0000