The question of forced OAP downsizing was raised following my recent “Generation Trapped” post about Colchester OAPs stuck in their family homes. It’s obviously unthinkable to force OAPs to downsize but it does throw up the question of whether the government needs to use a carrot AND stick approach to change the status quo. After … Read moreShould Colchester OAPs be Forced To Downsize?
This week I’m going to look at Colchester’s “Generation Trapped” which follows on from last week’s post about the issues facing Colchester’s “Generation Rent”. Attitudes to renting have certainly changed over the last twenty years and, as my analysis suggested, it’s likely to be a permanent change. Although a minority of Generation Rent do feel … Read moreColchester’s “Generation Trapped” and the £8.21bn Legacy
Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country occupied by people aged 65 and older and 4.39% of OAP renters are living in private rented property. It got me thinking two things. How many of these OAP’s (people aged over 65 for the … Read moreOAP Renters Occupy Over 3% of Colchester Households
In Colchester OAPs (people aged over 65 for the purposes of this article) currently hold more housing wealth in their homes than the annual GDP for the entire town of nearby Southend on Sea – which is a problem that affects us all. Many retiree’s want to move but cannot because there’s a shortage of … Read moreColchester OAPs Stuck in £3.62 bn of Property!