Comment: millennials are buying fewer homes — we wouldn’t have to care if the alternatives were better

Another week, another statistic about millennials housing. It’s a report that shows that only 25% of property transactions in 2021 will be made by people between 26-42 years old. Outra, a data analytics firm, found that this age group is less likely to buy a home than ever before. In fact, only 25% of property transactions in 2021 will be made by them. These are the prime home-buying years. These would have been prime home-buying ages. The Bank of England’s focus is on financial stability rather than addressing inflation. Positive Money also noted that London’s flagship savings scheme, the Lifetime ISA, has a sting in its tail. London house prices continue to rise as buyers and sellers continue to inquire. The evidence shows that most people, including homeowners support a fairer approach to housing. This would aim to stabilize prices rather than letting them rise inexorably. The ideas are there. We just need to have the political will to make them a reality.