Home Owners to Hit Lowest Level Since the 80s

The video discusses the significant decline in house building in England, reaching a 90-year low. This shortage is driving up property prices and rents, making homeownership increasingly unattainable for many. Renters like Leslie McGlynn face rising costs, hindering their ability to save for a home. The video highlights potential government interventions, such as pro-development planning and allocating public land for affordable housing, to mitigate the crisis. Over the past 50 years, the age at which people expect to buy their first home has increased, with many believing homeownership is merely an aspiration.

What has been the trend in house building in England, and what is its impact on the private sector?

• House building has decreased, leading to lower prices.

• House building has remained stable, with no impact on prices.

• House building has decreased, leading to higher prices.

• House building has increased, leading to lower prices.

What challenge does Leslie McGlynn face in terms of housing?

• She is able to save enough to buy a house.

• Her rent is decreasing, making it easier to save.

• She has already bought a house and is not worried about rent.

• She faces increasing rent, making it hard to save for a house.

What is one of the proposed solutions to address the housing crisis?

• Increasing rent prices to boost the economy.

• Introducing a planning system that supports development.

• Limiting the construction of new homes.

• Reducing taxes on luxury homes.

How has the average age for first-time home buyers changed over the past 50 years?

• It has fluctuated without a clear trend.

• It has increased sharply.

• It has remained the same.

• It has decreased significantly.

What role can public land play in solving the housing crisis?

• It should remain unused to preserve natural beauty.

• It can be used for affordable housing or below market prices.

• It can be sold at high prices for luxury housing.

• It can be converted into commercial spaces.