Sunday, June 10, 2012

Won’t somebody think of the children?

Renting to be 'way of life' for young UK families

Millions of young families are entering an era of insecurity in which renting becomes the norm, according to a report that warns of steep increases in the number of parents unable to buy their own homes. The Cambridge University study, obtained by the Observer, says that if the British economy remains stagnant, just over one in four people – 27% – will be in "mortgaged home ownership" by 2025, compared with 43% in 1993-94 and 35% now. Most alarmingly, it finds that it is no longer just young, single people who are locked out of the property market and forced into an under-regulated rental sector due to rising house prices, falling real wages and banks that are unwilling to lend. The same difficulties are now besetting families with children....

Posted by drewster @ 07:38 PM (1378 views)
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3 thoughts on “Won’t somebody think of the children?

  • Not a way of life, this is a way of dullness. Welcome to neo-serfdom.

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  • Of course no one should have children until they own a house. That does mean the state pension and other OAP handouts will have to be abolished as there will be so few working age people in the next generation. Maybe Logan’s run?

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  • Easy answers are: Reduce tax relief for BTL owners, regulate market and give rights to tenants.

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