Generation Rent (eBook)

Why You Can't Buy A Home Or Even Rent A Good One

Chloe Timperley (Autor)

eBook Download: EPUB

2020 | 1. Auflage
342 Seiten
Canbury (Verlag)
978-1-912454-27-3 (ISBN)

Infos

The Guardian top 5 books on the housing crisis in the UK ''The housing crisis is just getting started,' warns Timperley in this important book.' - MARTIN CHILTON, THE INDEPENDENT 'An essential read about a broken housing market.' - PETER APPS, INSIDE HOUSING 'A lively account of arguably the country's biggest social and economic problem.' - MARTIN WOLF, FINANCIAL TIMES For millions of Britons renting a home privately is the only option. By 2025, more people are expected to rent than own their own homes. Even members of Generation Rent with good jobs and skills have been priced out of the property market. In this razor-sharp account of how a nation of homeowners gave way to a generation of insecure renters haemorrhaging cash, Chloe Timperley tackles the myths and mysteries belying so many attempts to 'fix' Britain's broken housing market.    She reveals who's being shafted, who's cashing in - and the radical steps we must take to  give everyone a good home, whether rented or owned.   A fast-paced jaunt around both buying and renting in Britain, Generation Rent is the essential guide to the UK's ruinously expensive property market.   Revealing how the UK came to have runaway house prices, Chloe Timperley dispels the notion held by some older people that the current generation of young people can't buy homes because they are feckless and squander their money on avocado toast.   First, she charts the rise and fall of council housing. From the early 20th Century onwards, high-quality public sector homes provided plentiful affordable homes that mixed social groups well. Then Margaret Thatcher's Right to Buy sold off local authority housing and the number of council homes for rent crashed. Some council estates became known as 'sink estates', killing the municipal dream of post-war planners.   As a result, from the 1980s onwards, more renters in Britain have come to rely on the private rental sector. Backed by generous incentives from successive governments, renting has become a lucrative form of investment and credit has boomed. Buy to Let pensioners and private equity companies have moved into the market, buying up and renting out houses and flats. Most would-be first-time buyers have been outcompeted and priced out.     For those who can afford to buy, Generation Rent reveals that 'entering the kingdom of home ownership' may not be everything they expected, as a result of small properties and huge mortgages. In this concise book, Chloe Timperley tackles the surprising truth about housebuilding, including land agents, housebuilders' profits, and the leasehold trap.   She delves deeply into the world of private rented accommodation.  Like Tenants by Vicky Spratt, Generation Rent charts the real problems faced by ordinary tenants, from extortionate rents for fleapits to no-fault evictions. We hear from tenants on the end of harassment from landlords and landladies and who struggle to afford booming rents. And we get to know those who are about to lose their home through eviction and the causes and extent of homelessness. But we also hear about housing from the other side - from the small investors who have retreated into renting property amid successive pension scandals. To research the book, the author goes undercover at a Buy to Let conference and landlord seminars.  Generation Rent is for anyone who wants to understand the reality of private renting and the practice and pitfalls of home buying. It's for anyone who wants to know  why they can't afford to get on the 'housing ladder' and why  rent eats up half their wages.   And it reveals a way out of the mess, rooted in the work of economist Henry George.    About the Author   Chloe Timperley lives in Sheffield.

Chloe Timperley lives in Sheffield. For Generation Rent, she interviewed MPs, economists and activists, went undercover at a property investment conference, joined a tenants' union, and attended seminars on everything from ending homelessness to evicting tenants. Most importantly, she listened to the stories of hundreds of tenants.

Inhalt

PREFACE. Generation Rent is ultimately the story of how the UK turned its youth into an asset class. In the late 20th to early 21st centuries, housing went from basic good to financial asset. Our homes went from being a store of wealth for occupiers to a store of wealth for landlords and speculators
SECTION I. TRYING TO BUY A HOMECAN'T BUY, WON'T BUY. Why Olivia and Izaak, an ordinary couple in their twenties with good jobs, cannot buy a home in the UK. Like their friends. At the peak of the homeownership dream, in 2007, 73 per cent of the population owned their own home. A decade later, in 2016, the figure was 63 per cent
'REFUSING TO LEAVE HOME'. An older generation is blaming young people for still living with their parents, but the reality is that homes are too expensive to buy. Private renters are expected to outnumber people with a mortgage by 2025. Unfortunately, privately rented homes are often poor quality
A SHORT HISTORY OF BRITISH HOMES. Looking at land use and tenure in the UK the Norman Conquest to the late 1970s, focussing on the post-war 'Golden Age' when the UK government and local authorities embarked on widespread building programmes that created mostly high-quality council housing
SELLING OFF COUNCIL HOMES. When the post-war consensus crumbled, Margaret Thatcher's Conservative government launched the Right to Buy in 1981, giving council tenants the ability to buy their municipal home at a discount. It was wildly popular. But it led to less council housing and higher rents
BOOM! THE IMPACT OF CREDIT. Most people answer the question 'Why is there a housing crisis?' with one or both of these reasons: a) We aren't building enough houses b) There too many people in the UK. But the real answer is a massive expansion of credit unleashed with financial liberalisation
SAY HELLO TO THE LANDLORD. Previously pushed out by rent controls and limited supply in the 20th Century until the 1970s, the number of landlords rose from the Thatcher era onwards. Buy-to-let mortgages increased the number of private investors buying homes, often pricing out first-time buyers
CAUGHT IN THE MORTGAGE TRAP. Affordability tests bar renters from getting a mortgage - even though they are paying more in rent than they would by buying a home. In 2018, the Santander bank found that renting a home anywhere in the UK was more expensive than owning one. London had the biggest gap.
SECTION II. HELP FOR BUYERSTHE BANK OF MUM AND DAD. increasingly and significantly for the country's house prices, parents are handing over large lump sum gifts that can be put down as a deposit on a home that would be otherwise unaffordable. If BOMAD were a real bank it would be the 11th biggest in the UK
OFFICIAL HELP TO BUY. Assessing the Government help available for first-time buyers, including the Help to Buy Mortgage Guarantee, the Help to Buy Equity Loan Scheme, the Help to Buy ISA, and the Lifetime ISA. Have these schemes worked by helping more young people buy a house?
SHARING A HOME. Shared ownership allows people to buy between 25 per cent and 75 per cent of a home and pay rent on the remaining share. Although a good idea, one scheme, HomeBuy Direct, does not always work. What happens when housing associations abuse their power?
MORTGAGED TENANTS. Most people who own homes in England and Wales are 'freeholders,' but some are 'leaseholders' - and they can be exploited with ruses such as the doubling ground rent scandal, a symptom of the growing financialisation of home-buyers and tenants
THE HOMEOWNERSHIP DREAM SOURS. For a time, owning a home was a great social leveller. Fast-forward to 2020, and that same 'homeownership dream,' even when fulfilled, no longer promises the same sort of freedom. Today's first-time buyers are often mortgaged up to the eyeballs
SECTION III. HOW HOMES ARE BUILTWHY CAN'T WE JUST BUILD MORE NEW HOMES? This is a common question but just freeing up land will not work.

Produkt-Details

• Erscheint lt. Verlag: 23.7.2020
• Verlagsort: London
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Immobilien / Grunderwerb
• Themenwelt: Geschichte ► Allgemeine Geschichte ► Zeitgeschichte
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Baurecht (privat)
• Themenwelt: Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Sachenrecht
• Themenwelt: Sozialwissenschaften ► Pädagogik
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Sozialwissenschaften ► Soziologie
• Themenwelt: Wirtschaft
• Schlagworte: Big Capital Anna Minton • British property boom • Buy to let • case study homelessness • Cathy Come Home • Estates Lynsley Hanley • FIRST TIME BUYER • generation rent • generation rent book • Help to Buy • help to buy guide • Homelessness • homelessness causes • Home Truths Liam Halligan • Hostel Hell Robert Leslie • house price inflation • House prices • Housing • Housing Act • housing crisis uk book • housing ladder • housing prices • In Defence of Housing • Landlord • Municipal Dreams John Boughton • no fault eviction rules • No Fixed Abode • Poverty Safari Darren McGarvey • Prince Rupert Hotel for the Homeless • private equity property • property boom • property boom and bust • property rents • rental investments • Rethinking the Economics and Land and Housing Josh Ryan-Collins • Right to Buy • right to buy impach book • Rise and Fall of Council Housing • rise homeless • Shelter • skint estate • squatting • Tenants Vicky Spratt • Thatcher council housing • The Social Distance Between Us • UK housing crash book • Understanding Affordability • unsafe housing • Why Can't You Afford a Home
• ISBN-10: 1-912454-27-0 / 1912454270
• ISBN-13: 978-1-912454-27-3 / 9781912454273