01 October 2015, The Tablet

Build homes, support families


 
Generation Rent is a term coined in the past decade to describe young people in Britain stuck renting their home, unable to afford to buy a house or flat. Three years ago, the respected think tank the Joseph Rowntree Foundation predicted that by 2020, around a million 18 to 30 year olds would be priced out of buying a home. Of these, some 80,000 would be homeless, it warned, while 500,000 young people would be forced to live with their parents.Since then the situation has worsened. Generation Rent is growing older, while another cohort of the young is queuing up behind, also unable to secure their own homes. According to the UK’s biggest flatshare site, the number of people having to share a flat or house between the ages of 35 and 44 rose by 186 per cent in the past year, while the
Get Instant Access

Continue Reading


Register for free to read this article in full


Subscribe for unlimited access

From just £30 quarterly

  Complete access to all Tablet website content including all premium content.
  The full weekly edition in print and digital including our 179 years archive.
  PDF version to view on iPad, iPhone or computer.

Already a subscriber? Login