Most debates around housing focus on young adults, the
drastic fall in their rate of home ownership and ways to boost the number of
first time buyers. Far less attention, however, is given to the vast numbers of
renters who are already too old to get a mortgage and face a lifetime of
renting instead. As more of them reach retirement age, the state will start
paying more of their rent, and faces enormous costs unless it makes some
fundamental changes to the housing market. Using the English Housing Survey, we
have projected that by 2035 nearly 1 million households of retirement age will
be renting from a private landlord. Currently the figure is 370,000. Download
Life in the Rental Market from the Generation Rent website.
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