Beingsoexpensivedragsrentpricesuptoanexpensiverent, hasanotherknockoneffectofmakingitreallyhardtosaveuptobuy a housesoyoucanseethewholesystemisworkingagainstitself.
AndsomepeoplesaythathomeownerswhotendtobeolderareputtingoffmovingbecauseofBrexituncertaintyandpricesstallingsothatcanhave a hugeimpactontherestofthechain.
Okay, let's giveyouanactualexample.
Birminghamis a citywherethehousingsystemisbrakinghard.
Housepricesareup 45% inthelast 10 years.
Thiscityhas a veryyoungpopulationon, andthere's a bighousingshortage.
Addtothatthefactthatthepopulationhereisexpectedtogrowbyquite a lotoverthenext 10 years, andyoucanseethathomesarereally, reallypreciousresourcefor a lotofusbuyingjustisn't realistic.
InEngland, privaterentinghasdoubledinthelast 20 years.
Over 1/3 of 25 to 34 yearoldsrentprivatelyonbecausethere's a shortage, thequalityofflatsuffers.
Soit's nosurprisethathousingis a hugevote, a priorityonpartieschasingit.
InEngland, 1/4 ofhomelessnessiscausedby a tenancyending.
Youknow, I don't knowwhat I'm gonnabesleepingfromthattonight, youknow?
I mean, youknow, I mightfindout I canstaysomewherefor a fewdays, Butthenagain, afterthat, it's doingitalloveragain.
Extremelyhard, becausedoingthatTaylorwas a stressedoneisit's hardtofocusondoingyourschoolworkandrevisionduringthedaywhenyou'reworriedaboutwhereyou'regoingtosleep.
I don't think I'lleverbeabletogetonthehousingladderbasedonmyownincomeonmyownsalary, a monthonmonthyouyou'reprettymuchchewingupallofyourwagesjusttokeep a roofofyet.