Owen Jones: At last, Labour has a plan to tackle the housing crisis – and it might just work | Owen Jones

By pledging to build more homes and regulate the private rented sector, Labour can boost the economy and offer hope to the younger generation

Britain’s housing crisis is bad news for a multitude of reasons. It is bad news for children, whose health, wellbeing, education and thus potential is damaged by growing up in an overcrowded home. It is bad news for a younger generation who fear that a decent home of their own – something their parents took for granted – is an impossible dream. It is bad news for parents who have to stump up cash (if they have it) for their children’s rip-off rent or deposit, or who have their 26-year-old offspring still living at home. It is bad news for taxpayers who spend over £9bn a year subsidising private landlords. It is bad news for communities, because a lack of affordable housing leaves people feeling as though they are in competition with each other for scarce resources. It is bad news for the economy, because building houses stimulates industries and jobs.

Related: Corbyn pins Labour’s election hopes on housing reform pledges

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