In new 40 years leading up to the brand new credit crunch, rents enhanced within more than double the speed from income. Between 2001 and you can 2014, what amount of severely burdened renters-property paying over half the revenues for the lease-grew by more fifty percent. Rather unsurprisingly, as construction costs enjoys exploded, what amount of 31- so you can 34-year-olds exactly who own residential property keeps plummeted.

Shedding homeownership prices, by themselves, commonly necessarily a catastrophe. However, our very own country keeps contrived an entire Game out-of Life succession one to relies on being able to buy a house. Continue reading More folks is actually renting homes than simply when as the late 1960s →