Why Does Britain Have a Housing Crisis? - Martin Daunton

Watch the Q&A session here: https://youtu.be/PNRENBt_CD8 Since 1960, the average age of buying a first house has risen by over 10 years, and the multiple of income needed has increased. From the late 1970s, social housing declined and problems of home ownership subsequently arose. As a result, more people are renting nowadays, often in sub-standard accommodation. Why has housing in British cities reached this state of crisis? This lecture will look back to the Victorian era and will explain the shift to owner-occupation and council housing after the First World War. The lecture will conclude by considering possible solutions and asks whether there are lessons from other cities. This lecture was recorded by Martin Daunton on 22nd October 2024 at Barnard's Inn Hall, London. Martin is Visiting Professor of Economic History. Martin was also Master of Trinity Hall, Cambridge, between 2004 and 2014, and he is Emeritus Professor of Economic History at the University of Cambridge. The transcript of the lecture is available from the Gresham College website: Gresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: https://gresham.ac.uk/support/ Website: https://gresham.ac.uk Twitter: https://twitter.com/greshamcollege Facebook: https://facebook.com/greshamcollege Instagram: https://instagram.com/greshamcollege