Young people want to marry rich? In this economy, who can blame them

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Housing is less affordable than it has been at any point in history for single women.

Just like the marriages in Pride and Prejudice, a Jane Austen-style dating market seems to be emerging. . For days rumours have been swirling regarding what housing policies will be included in the main parties’ manifestos and we now have what the Tories and Lib Dems claim they will offer. But, before we get to that, there’s something we must discuss.the novelist famously wrote: “It is a truth universally acknowledged, that a single man in possession of a good fortune must be in want of a wife.

Historically high housing costs, student debt and inflation which have left the price of essentials high are enough for anyone to fantasise about meeting a living, breathing panacea with a string of investments, country estates and/or a trust fund . These freedoms haven’t even been around for 100 years. Yet, it’s easy to lose sight of how recent they are.recently pointed out, housing is less affordable than it has been at any point in history for single women. Their analysis found that there is nowhere – yes, nowhere, – in Britain where it is affordable for a single woman on an average income to buy or rent a home on her own.

The women characters of Austen’s novels lacked the basic rights that women today have so generously been granted. Marrying “well” was the only way they could escape drudgery and move out of their family’s home. Labour have not published their manifesto yet but they have said they want to focus on social housebuilding and, as Shadow Housing Minister, unlock the land market by reforming compulsory purchase orders to make sure public bodies, including newly created development corporations, can buy land at a “fair price”.Their manifesto instead promises to protect the green belt and abolish the legacy EU ‘nutrient neutrality’ rules.

Added to that, a policy like this seeks to increase demand. When it comes to housing, increasing demand without increasing the supply of homes also risks creating a house price bubble with more first-time buyers competing for the same number of homes.

 

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