For the under-25s, the need for social housing is urgent.
In 2004, just on a quarter of under-25s already owned their own home; now its just 10%
And over half (57%) got help from family members to buy their first (owned) home.
For the rest its rental;
While for renters over 25, private rents are usually around 30% of their income (which is just about affordable), for the under 25s rental costs are nearly half (47%) of income.
No wonder the under-25s feel shafted!
#housing
h/t FT
In 2004, just on a quarter of under-25s already owned their own home; now its just 10%
And over half (57%) got help from family members to buy their first (owned) home.
For the rest its rental;
While for renters over 25, private rents are usually around 30% of their income (which is just about affordable), for the under 25s rental costs are nearly half (47%) of income.
No wonder the under-25s feel shafted!
#housing
h/t FT
