Property News · February 16, 2016

Young renters have it hard, but it’s even worse if you’re older | Penny Anderson


Exorbitant rents, no security of tenure, ownership a hopeless dream: the issues that affect the young are even more frightening for those in their 50s and 60sWe all know that renting can be difficult. House-shares are frequently horrendous. Poor quality construction, grumpy shower queues, kitchens where you don’t make toast for fear of contamination, and toxic communal bathrooms where you daren’t leave your toothbrush are just some of the trials and tribulations that renters face. Roll on the happy day when tenants move up on to a rickety property ladder and buy a home, safe in one place and happy for decades, finally, perhaps, able to decorate or get themselves a pet. There’s just one problem. The Resolution Foundation has warned that anyone under 35 will find it just about impossible to ever buy a home of their own. But, while you might imagine that older people are buying second homes to rent out for profit by the time they’re 50, the reality is that, despite media coverage of so-called “baby boomers” having it so good and property porn about buying a holiday home in the sun, their housing situation can be as bad as it is for young renters. Continue reading…

Source : theguardian.com
Read more…Young renters have it hard, but it’s even worse if you’re older | Penny Anderson

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