
There is a major housing crisis developing in Britain that is not being addressed by the ConDem government or the Labour Party in opposition. The end of the property boom and cheap mortgages has left the vast majority of people unable to afford to buy. Deposits alone are likely to cost £50,000 in most parts of the country. Private rents are soaring as a result with the average now being £722 per month, far too high for most families to even consider saving towards a deposit. The myth of the aspirant working class that can benefit from a ‘property owning democracy’ has been evicted.