Generation rent is a generation of young adults who, because of high house prices, live in rented accommodation and are regarded as having little chance of becoming homeowners.
Doesn’t this feel like flushing money down the toilet?
First time buyers in England are not having it easy.
Before they can get a foot on the property ladder they may spend many years renting and end up spending more than 50,000 Pounds in rent.
Figures from the Association of Residential Letting Agents show that tenants will be renting for an average of 13 years and in 2015 spent 22% of their wages in rent. Continue reading Generation rent