Young people, homeownership and future welfare
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Date
2012Author
Funder
Grant ID
RP2011-IJ-024
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Abstract
Homeownership has become a ‘normalised’ tenure of choice in many advanced economies, with housing playing a pivotal role in shifts from collective to asset-based welfare. Young people are however increasingly being excluded from accessing the housing ladder. Many are remaining in the parental home for longer, and even when ready to ‘fly the nest’ face significant challenges in accessing mortgage finance. This under-thirty age group has become ‘generation rent’. As this policy review emphasises this key public policy issue has created a source of inter-generational conflict between ‘housing poor’ young people and their ‘housing rich’ elders. To fully understand the complexities at play however, this paper argues that we need to look beyond the immediate housing market issues and consider how housing policy interacts with broader social, economic and demographic shifts, and is intimately connected to debates about welfare. This is illustrated with reference to the UK, although these debates have international resonance.
Citation
McKee , K 2012 , ' Young people, homeownership and future welfare ' , Housing Studies , vol. 27 , no. 6 , pp. 853-862 . https://doi.org/10.1080/02673037.2012.714463
Publication
Housing Studies
Status
Peer reviewed
ISSN
0267-3037Type
Journal article
Rights
(c) 2012 Taylor & Francis. This is an electronic version of an article published in Housing Studies, available online at: www.tandfonline.com/10.1080/02673037.2012.714463
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