1. generation rent Dr. Quintin Bradley Senior Lecturer in Planning & Housing and the housing crisis

5. Short changed Chronic under- supply of new homes 240,000 needed annually – In 2015 only 131,000 built

6. Magic million Government policy - supply and demand: – Liberalise planning – ease supply of land & speed approvals – Deregulate building standards – Privatise social housing and reduce rent subsidies to restore price mechanisms

7. Speculative builders Policy supports volume house builders But structural problems with industry: – Tend towards monopoly – Prioritises margins over volume – Operates across land and housing markets simultaneously

8. (Meek 2014)

9. Broken market If food prices had risen as fast as house prices, a chicken would cost £50, a loaf of bread would cost more than £4 and a family's weekly shopping bill would be £453

10. Reduction in affordable homes Liberalisation of finance capital Buy to Let mortgages Economic growth predicated on rising property prices Demand-side interventions o Sub-prime mortgages o Help to Buy o Starter Homes Deliberately unaffordable

11. Locked out Average house price now 10 times average wage Home ownership declined from 71 in 2003 to 65.2% today 84 per cent of home owners are now above the age of 40. The number of 65+ year-olds who own their home outright has outstripped the number of first time buyers

12. Priced out “An entire generation locked out of home ownership forever and forced to rent for life” (NHF 2014). Nearly half of households in the 25-34 age group live in the private rented sector Up from 21 per cent in ten years Rents have risen 57% in last 10 years and set to soar by another 39% by 2020

13. Source: National Housing Federation 2014

14. Tenure bias Home ownership promoted through £16.6bn in financial subsidies ‘Dual rental system’ (Kemeny 1995) where private renting is unrestrained & Affordable rented sector kept small and unpleasant

15. Small and unpleasant Only 30,660 affordable rented homes built in 2014 Homelessness acceptances up 26% over two years – rough sleeping doubled Ten year high in families with kids in Bed & Breakfast One in 12 families on social housing waiting list

16. Not affordable Affordable housing grant cut by 50% in 2010 Rents raised to 80% of market value in new grant programme Forced disposals of social rented stock Housing associations switch to high value areas

17. Sustained attack Big discounts for Right to Buy Bedroom tax hits 400,000 households – evictions up 22% Results in stock loss of 2 – 3 bedroom properties Government U-turn on rent settlement Right to buy for housing association tenants Sale of ‘high value’ council housing Pay to stay – the work tax.

18. Housing benefit cuts In 2010 benefit capped at 30% of rents. Introduction of top limit – this cap to be reduced to £20,000 in 2015 – and rise linked to lower rate of Consumer Price Index

19. Resistance Clearances & social cleansing in London Demolition of social housing continues Gentrification led by international property investment Resistance mounts – New Era, Sweets Way Resists, Guinness AST, March for Homes Focus E15 Mothers Links forged between social housing and private rented campaigns

20. Tenants united Private rented campaigns Supporting homeless applicants Resisting evictions

21. Sucked in 9 million people now live in private rented sector Nearly a quarter are families with children Supersized sector Set to rise to 25% by 2020

22. Don’t ask for repairs 37% of private rented stock fails decent standard 324,172 retaliatory evictions every year after tenants asked for repairs

23. Insecurity of tenure End of assured short-hold tenancy was single greatest cause of homelessness in 2013 One third of renters forced to move each year

24. Amateur hour Majority of landlords are individuals – “rogue, ill- informed, amateur or accidental landlords” (Shelter 2014) More than three quarters (78%) of landlords let out only one property Almost half of landlords use lettings agents Annual landlord fees to agents act as driver for rent increases Slum landlord Peter Rachman, pictured in 1963:

25. Cowboys of property ‘Unreasonable fees and opaque charging’ by lettings agents Administration fees, charges for inventories and reference checks - £355 on average but one in seven renters pay admin fees of more than £500 “The property industry’s Wild West” Clive Betts MP, Chair of the Communities and Local Government Select Committee

26. Acting up Tenant action groups across London held a ‘housewarming party’ at a development of newly built private rented flats in Stratford, east London, in protest at soaring private rents and the government’s failure to tackle them. https://www.youtube.com/watch?feature=player_embedded&v=QtdqgNg1q60 A London-wide day of action against letting agents, members of Haringey Housing Action Group became ‘Community Housing Inspectors’ to expose the unwelcome practices that letting agents are engaged in. https://www.youtube.com/watch?v=NKmcfiCgy0E&feature=player_embedded

27. A living rent France – 3 year tenancies, initial rent set by market, but increase regulated Spain – 5 year tenancies, initial rent set by market, but increase limited to CPI Germany – indefinite tenancies, fines for landlords setting rent above 20% of market England prior to 1988 – indefinite tenancies, ‘fair rents’ set by Rent Officer

28. Shout it out Survey by Shelter found that only 6% of renters would rent from private landlords given the choice Instead they wanted to be tenants in more secure and affordable social housing London Renters proposes rent strike alongside resistance to eviction

29. Back to the future?