Sir. Whilst remaining a home seems a sensible thing for 1 million ‘boomerang millennials to do’ given the peculiarities of the modern labour and housing markets we are surprised that there is not more concern about it from the financial services sector. The reason for the silence we believe is that financial services benefit from house price inflation driven by student ‘buy to let’ accommodation, family breakups and mass inward migration. However, unless we create a young well paid private, as opposed to public sector middle class, able afford to buy and rent good housing, who exactly will the financial sector be selling their non-loan and debt based products to in ten or twenty years.
On behalf of ABlueRevolution.Org