Tuesday, October 13, 2009

The Priced Out Generation

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 (835 views)
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2 thoughts on “The Priced Out Generation

  • stillthinking says:

    Renting age up, home/kid related purchases down.

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  • 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!!!!!

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