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Housing Costs Dividing Young And Old

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Young 'being ghettoised' by inner city renting

Young families are being "ghettoised" in inner city areas by the housing crisis while older homeowners become isolated in the suburbs in England and Wales, a think tank says. The Intergenerational Foundation says the number of areas dominated by over-50s has risen sevenfold since 1991 as young people move into the cities. It said: "Segregation is usually a consequence of housing-related issues."

It means different generations live increasingly separate lives, it adds. The government said housebuilding was an "absolute priority".

He said "age segregation" had increased most dramatically among young adults during a period when they had become much more likely to rent housing instead of getting on the property ladder. This suggested that it was being driven by the problems in the UK housing market, he said.

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Not sure on death stats but Id guess 50% of people over 60 will be dead in the next 15 years.

Random fact - in 5 years time the number of people retiring on a DB pension ill be overtook be those on DC pension.

Almost 10 years of QE has destroyed most pensions, DC + DB. A lot of DB ones will fail and even payouts will be cut.

I come from (near) the future - Scarborough.

Hard number to find but I think the number of proabtes overtook the number of housing transactions a few years back.

To say the market is not moving is a gross understatement.

And, yes, when you get over x% of OAPs in an area its economy collapses.

One interesting change to note is that the council are no longer subbing eldery care. If you want care then youll have to pay for it.

Good lukc on getting anyone cheap when the area is full of expensive housing.

Expensive housing = expensive care.

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