Thursday, January 10, 2013
Generation Rent is transforming the British housing landscape, and the latest figures confirm an increasingly bleak future for people who are trapped in rented homes by high prices and unattainable mortgages. The charity Shelter has revealed that the average London tenant is now paying 59% of their earnings on nothing more than paying their rent. Beth King and her family are trapped in Generation Rent. Their dream of buying a home is impossible, even though they have a family income of about Â£80,000 a year.