In recent weeks both the national papers and the London Evening Standard have been reporting dramatic increases in the price of houses in the capital. Up 8% in a year they say. This isn’t great. Rents are also rising sharply. Soon, many, particularly young, Londoners will be trapped, unable to rent or buy. No doubt this is increasingly the case in many big cities. But England is still arguably in a recession, the worst for nearly a century. In an attempt to find affordable homes people move further away from their work, especially those on low wages, and spend too much of their salary and their time commuting. The cost of housing affects what we eat, whether we exercise and how much spare time we have. It affects our quality of life. So, this is not about business or property. It’s more important. This is about home. Home is a refuge. It’s our emotional harbour. In fact it is a human right. As the UN Covenant on Economic, Social and Cultural Rights states: it is 'the right of everyone to an adequate standard of living for himself and his family, including adequate ... housing'.
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