Political

The rise of the private renters continues

Back in the summer I wrote about how:

You can fight through a bulging email folder of press releases from politicians wanting to make mortgages easier, cheaper, safer and more numerous before you find one that talks about tackling any of the issues private renters faceā€¦

It is notable that the rising trend of private renting and declining numbers of those with a mortgage pre-date the financial crash. In fact, the crash has not caused much of a blip in the trends.

This week the new census figures confirm that:

As I said in the summer:

This longer-term picture means you do not have to be that young a politician to be able to envisage fighting future elections in a country where private renting is not that much less common than having a mortgage. That makes for a very different set of sensible priorities from those many current politicians instinctively have.

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