Why Housing Costs More Now Than in the Victorian Era

In the Victorian era a working person in England paid under a quarter of his or her income on housing. Today that figure is more like half and many working people can not afford housing at all without state assistance. As a proportion of income housing costs more than in the Victorian era and is becoming ever more expensive. Yet just about everything else gets cheaper. Why is housing different?

In a Year You Could Drive Round the World Twice in the Same Hours per Day as Many Britons Spend Commuting, and it Would Probably be Cheaper!

The housing crisis in Britain is now so acute that over three million people commute for two hours a day or more. Given the high prices of petrol and public transport in the UK the cost of this travel will be considerable and should really be considered an extra housing cost, as if housing wasn't already expensive enough. In addition to the financial cost, people are losing ten or more hours a week leisure time.

Subscribe to RSS - housing