Renting is ruining people's lives

It's a fact, renting is ruining people's lives.

http://www.theguardian.com/business/2012/dec/09/housing-crisis-destroying-communities

Britain's housing crisis and the resulting rise of a generation locked out of home ownership is destroying community spirit and preventing young people from building careers, forming relationships and starting families, according to research from a thinktank.

http://www.standard.co.uk/news/london/londoners-put-off-having-children-because-of-the-cost-of-living-9118988.html

"Millions of Londoners are delaying having children because of the soaring cost of living, it was revealed today.

Researchers found 43 per cent of London parents considered putting off starting their family because they could not afford a decent home of their own.

A separate report warned of a “double squeeze” on families caused by low pay and higher living costs. A commission chaired by Archbishop of York, Dr John Sentamu, said low-income homes would not benefit from the economic recovery unless they were paid the living wage.

For Londoners embarking on parenthood, the biggest financial concern was rocketing rents and house prices, said the parenting charity NCT.

Forty per cent of people in the capital said it was at the top of their worry list, compared with a national figure 34 per cent. More than seven in 10 London parents worried that they would be forced to cut back on essentials to meet the rising cost of their rent or mortgage.

NCT chief executive Belinda Phipps said: “High housing prices in London are forcing parents to delay starting a family, and is evidently putting huge pressure on parents and parents-to-be.”

Researchers found 43 per cent of London parents considered putting off starting their family because they could not afford a decent home of their own.

If only ALL parents considered putting off starting a family until they could afford a decent home of their own. Imagine that for a concept, actually putting the children first, rather than the selfish wants of parents who can't afford to offer a secure home but having children anyway.

Makes my blood boil!

Popcorn time.

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It's a fact, renting is ruining people's lives

The newspaper article does not say renting is ruining people's lives

Neither report say renting is ruining people's lives

One report says "parents considered".

The other is about "living wage".

Both reports make no distinction between high rent and mortgage payments so making the thread title misleading.

The newspaper article does not say renting is ruining people's lives

 

Neither report say renting is ruining people's lives

 

One report says "parents considered".

 

The other is about "living wage".

 

Both reports make no distinction between high rent and mortgage payments so making the thread title misleading.

Read the first report.

If either report stated that, did they make any comparison to Europe, where renting is far more common, and yet life remains unruined?

Renting didn't ruin my life????

From your summary what I read is: London's ridiculous house-prices are making people unable to spend money on silly things like children.

The solution is simple: leave London. Weird that not more Londoners see that as an option.

If either report stated that, did they make any comparison to Europe, where renting is far more common, and yet life remains unruined?

Long term tenancies are also the norm in the rest of Europe so renting provides a viable alternative in terms of stability compared to home ownership.

jb

From your summary what I read is: London's ridiculous house-prices are making people unable to spend money on silly things like children.

 

The solution is simple: leave London. Weird that not more Londoners see that as an option.

If you go to almost any small town in the South, and particularly the South West you may get the impression that many Londoner's do see it as an option, and take that option.

How did previous generations cope, didn't most people rent in the 'olden' days.

When did people start expecting to own their own home? The 70s?

Read the first report.

I have read the IPPR report from 2012 which you added in your edit- again no mention of Renting is ruining people's lives or that it is any more or less ruinous than paying a mortgage.

The NCT story is about a survey of views and is not research on which to establish facts.

The recent Living Wage Commission (June) makes no mention of rent.