Tuesday, October 13, 2009
The Priced Out Generation
"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.