Tuesday, Oct 13, 2009
The Priced Out Generation
Metro: Renting age rising as prices go up
"The average house renting age has gone up by three years. Tenants in shared flats are now about 28 years old - up from an average of 25 years since 2006, a study showed. The reason is that many young home buyers are being priced out the market, according to renting website SpareRoom." Assuming that to be true (and knowing that the number of private tenants has increased with the number of 'involuntary landlords'), it would suggest that there hasn't been a single FTB for three years. So it's probably a bit exaggerated but not without foundation.
Posted by mark wadsworth @ 10:06 AM (440 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. stillthinking said...
Renting age up, home/kid related purchases down.
2. dgj said...
Its alright saying that the average renter is priced out but in reality most people with mortgages are also priced out, they just don't know it yet!!!!!