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Up to a third of young people face living in private rented accommodation all their lives, a new report by the Resolution Foundation has found. The think tank said 40% of "millennials" - those born between 1980 and 1996 - were living in rented housing by the age of 30. That was twice as many as "generation X" - those born between 1965 and 1980. The government said it was already putting policies in place to improve the housing market. The Foundation's Home Improvements report said "generation rent" needed much more help. It called for more affordable homes for first-time buyers to be built, as well as better protection for those who rent. Although renting is often a reasonable choice for people who have few ties, the private rented sector is "far less fit for purpose" for those with children because of a lack of security. The report reveals that a record 1.8 million families with children rent privately, up from 600,000 15 years ago.
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A house could be purchased cheaply where there is no factory, office or infrastructure, but it is not fit for working age people. There is a big issue with social renting, where allocation is initially on need and not reviewed. In some cases those who never intend to work hog homes in locations that could be used for workers. Nurses and police homes and hostels no longer exist meaning single people and families in this employ need to find their own accommodation.
Central London social rental allocation based on need favours people with children, whether working or not, regardless of local connections or time in the country. This has caused an imbalance.
Social housing and related benefits should not be used as a support to employers paying low wages. In past times tied cottages did this, but the employers built them. Everyone wants to live in Central London as a preference rather than a need, so thought should be given to the distribution of social housing for the benefit of the country not the individual.