Thursday, 24 March 2016

'Generation Rent' Have Given Up Hope Of Buying Own Home, Says Shelter

Three-quarters of people in Britain fear it will be impossible for future generations to have a home to settle down in. The majority of Britons want to own their own home, but "generation rent" is giving up on getting on the property ladder. Shelter branded the findings "alarming" and warned the country is at the "mercy of the housing crisis" which has left millions facing a "lifetime of instability". The survey found that for recent generations the chance to have a "forever home" has been slipping increasingly out of reach. The poll of 1,906 people found 74% of people in younger Generation X and Y said it is harder for them to get a home to settle down in than it was for their parents' generation. This compares with 44% of people born in the baby boomer or pre-war years. Read more on Yahoo News.

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