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Rising Rents and Generation Rent
This chapter examines the surge in property prices and its effects on home ownership, giving rise to the 'Generation Rent' phenomenon in the UK and beyond. It discusses the financial challenges faced by millennials and older renters in competitive markets, and how housing affordability issues are a global concern. The chapter also critiques rent control policies using Sweden as a case study, highlighting the unintended consequences of strict regulations on housing availability and market dynamics.