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The housing crisis can be solved, we just need leadership

“I often joke that since buying property is so far out of my reach I’m actually quite lucky. I’ve been spared the agony of it all, from the harsh realisation of what your average industry wages can afford you, to the powerlessness of not knowing how to improve your lot. That said, media headlines warning of property bubbles and phenomenal prices for a windowless, shoebox on the side of a roundabout do remind me of the situation very often. It’s my friends who I feel sorry for; mainly the couples looking to make the move to settle down and scrambling desperately to ‘get on the ladder’ and build their lives here.

“I think given the spiralling state of the situation here in London it is virtually impossible for a single person to attempt to buy anywhere on their own and do so without some financial backing (whether that’s help from parents or selling a kidney). I wouldn’t even know where to begin to try to make it a possibility in the immediate future. Housing is one of the biggest problem this capital faces; not only is it detrimental to its future, but also to the potential of its community as people get squeezed out. London is not just an economic hub for a myriad of industries, it is an incredible city where a whole mix of people live together – it has something for everyone and it should stay that way.

“There are solutions available – whether that’s sensible, environmentally sound, affordable house building initiatives, or straight-forward rent capping/monitoring systems – but I think we’re suffering a distinct lack of leadership and ultimately compassion from those who are paid to deal with this.”

 


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Written by Kasia Murphy | Posted on 6th February 2015

Kasia is 27, works in PR and lives in London in a house share with friends