Could Brexit solve the housing crisis?

It is, at times, unclear that George Osborne is aware that the under-30s are voting in this EU referendum. When he talks about house prices plummeting post-Brexit, he talks as if this will strike fear into everyone’s hearts. For older people seeking to downsize, this might be true – but for almost everyone else, it’s not. And when I hear the In side arguing that we should all be terrified of Brexit because it will cause house prices to fall, I can’t help but wonder if this is the best single reason to vote ‘out’. For most people my age, one of the worst changes in Britain has been the way property prices have spiraled out of control – indeed, how the economic system is conspiring against my generation. If Brexit can change that, then we might be interested.

It’s not just Osborne, either. Mark Carney, the governor of the Bank of England, has also made the point, saying that Brexit could have a ‘material economic impact’ meaning falling house prices and rising interest rates.