Owning A Home A Pipe Dream For Young Workers

The housing ladder is disappearing for most young working households on modest incomes. For this group home ownership is projected to be approaching just one-in-ten by 2025. While the biggest decline in young  families owning homes is for those on modest incomes, it has also fallen for young households that are benefit dependent or on higher  incomes. As a result home ownership is increasingly becoming the preserve of older and wealthier households. The analysis finds that those aged 65+ now account for around one-third (32 per cent) of all homeowners, up from less than one-quarter (23 per cent) in 1998 – an increase of 43 per cent. In contrast, those aged 16-34 account for just 10 per cent of homeowners, down from 19 per cent in 1998 – a 49 per cent reduction. Read more on the Resolution Foundation website.

Social Housing Myths Debunked

The myths that social housing residents are characterised by high levels of benefit dependency, long-term unemployment and limited aspiration are debunked by new research. The latest Real London Lives report from the g15 group of London’s largest housing associations also shows that, contrary to common perceptions, migrants and single parents have no advantage in the allocation of housing. The research is the first qualitative report from a three-year study commissioned from the University of York and demonstrates that housing association residents in London live lives of remarkable diversity. Download either the full report or a summary from the Real London Lives website.