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It is becoming increasingly evident across Europe and Ireland that there may be a generation of people who will never own their own home. This is not necessarily down to direct housing issues such as affordability or supply—there are broader forces at work here. These people have no predictability in their lives and no security. They are a large and growing social class. Yet they are relatively powerless and are at the mercy of forces way beyond our shores, so even national governments may find it difficult to help them. They are known as the precariat.
Sirr, L. (2016) The future looks precarious for new breed of long-term renters. The Sunday Times 14.02.2016.