4 in 10 under 40 have given up entirely on owning a home.
are, perhaps by default, prioritising “current happiness” over saving for an unreachable goal, she is keenly aware that this cannot last. “I do want to eventually have a family and that will mean being able to buy somewhere,” she says. “I just can’t imagine right now how that will happen so I’m spending my money onand experiences.
When Bella laughingly jokes that “marrying a millionaire” might be her one chance of having a family home one day, she is actually highlighting that property has increasingly become the preserve of the rich- even perhaps the mega rich — but nothing about society has adjusted to reflect that. We don’t, for example, have more affordable houses being built, nor do we have ato provide for what will soon be the majority of the population without access to a permanent home.
“There is a stark disparity between those with assets and those without, and that is only getting bigger,” says Andrew Owen, COO of GenH, which aims to help anyone struggling – from Gen Z to those in their fifties — on to the property ladder. “The system is broken and two of the main issues are a lack of supply with housing and a lack of affordability. We as a company cannot force the former – that is political — but we can address the latter.
GenH is, like AllBricks, a ‘new way’ to tackle the crisis. GenH puts everything about purchasing a property, as Owen cannily says “under one roof” and formalises the concept of the ‘Bank of Mum and Dad’ by making it so that friends and family can officially contribute to your deposit or . AllBricks takes a slightly different approach, making your purchase of a property an affordable amount, by combining it with investors. Both are brilliant innovations in a marketplace which has otherwise remained solidly unchanged, despite a clearly desperate need.
Belgique Dernières Nouvelles, Belgique Actualités
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