Ever since the Global Financial Crisis, living standards have split between those who own their own home and those who do not. Inability to find work is no longer an indicator of poverty. In fact more than half of those living in poverty come from a household where someone is in work. The property-owning democracy was meant to make people more conservative, but the rise in home ownership exacerbated the rise in inequality. What effect its reversal might have on our politics is anybody’s guess.