Renting ‘Lifers’ £500,000 Worse Off Than Those Who Buy In Their 20s

Families who are never able to get on the property ladder will be more than £561,000 worse off over their lifetime than those who can buy a home in their 20s, new research has revealed. The study by the housing charity Shelter paints a picture of the huge financial, social and psychological implications of England’s housing shortage on people left locked out of a home of their own.  By analysing the income and assets of ‘first time flyers’ who have help onto the property ladder in their 20s, ‘first time triers’ who are only able to buy after years of saving, and ‘renting lifers’ who can never buy, the research reveals the huge financial cost of being priced out of homeownership.  Read more on 24dash.