This paper examines the extent to which housing tenure constitutes an
enduring aspect of social inequality in relation to theories of re-str
atification and the supposed decline of social class divisions. It use
s an analysis of housing mobility based upon a survey of council tenan
ts carried out in the inner London Borough of Camden and it looks at t
he housing tenure destinations of the tenants' adult 'children' who ha
ve left the parental home. The largest tenure of destination was owner
occupation, whilst just over a third of the 'children' were local aut
hority or housing association tenants. This indicates that an inter-ge
nerational, social renting 'underclass' has not so far developed, cont
rary to the re-stratification theories. However, a higher proportion o
f the younger than the older 'children' were tenants of social rented
housing. The relative impact of class and household employment pattern
s on housing mobility is considered. The paper concludes by arguing th
at social class is of continued importance in terms of understanding p
atterns of housing mobility.