“Generation Rent”: More Households Are Locked Out Of Home Ownership

RUNAWAY PROPERTY PRICES AND A LACK OF AFFORDABLE MORTGAGES ARE HAVING A HUGE SOCIAL IMPACT ON THE LIVES OF RENTERS.

This selection of recent articles in the UK press provides several windows into the home-ownership dilemmas facing renters as 2012 ends.

  • There’s a powerful Bristol connection as The Guardian looks at the issue in detail.
  • “No Place To Call Home” is a report from the Institute for Public Policy Research (IPPR) which reveals the social impact of “thwarted aspirations and shelved ambitions” among frustrated young renters.
  • Between 2001 and 2011 wages increased by 29% while house prices increased by 94%. The English Housing Survey found that 12x as many private renters moved house in 2010-11 compared to moves by home-owners.

Want to know more? The Observer’s reporters have made readers’ stories available on this interactive map.

Got your own experiences to share? The Observer wants to hear from you via this online form.

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