For More On Why It’s Actually Fine You’ll Be Renting ‘Til You’re Dead, Here’s An Economist

THE HOUSING SCARCITY has brought into stark reality the fact that a large number of people are needlessly fretting over the fact they may never own a home, fretting which according to a leading economist is pointless.

In an exclusive piece, economist Harry Roundtree explains all.

“Firstly, I’d like thank WWN for choosing me for this piece, as I know there were dozens of other economists fighting to make the same point.

And that point is some people don’t want the debt burden and risk of financial ruin that comes with buying a house, and much prefer the carefree existence of spending decades fearing this is the month your landlord ups the rent or kicks you out.

Property tax? Being financially liable for the structural maintenance is a living nightmare every landlord hates, especially when all you have at the end of it is an asset, fully paid off by your tenants. Renting into your 60s and 70s is just objectively more secure and sensible for some people.

Throughout history behaviour of consumers has changed and evolved, this notion that people ‘are locked out’ at the expense of pension funds hoovering up properties is not true.

In an anecdote you will instantly see through, my young adult children have told me of their many friends who, after a few sherries on a night out, admit they actually love renting because they don’t want to ‘put down roots’ as that’s an old person thing. Trends change, it’s a fact of life.

I know it’s an emotional subject but the data doesn’t lie, the numbers speak to us; less younger people own homes when compared with previous generations, ergo, they just don’t want to buy.”

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