{"id":586,"date":"2018-03-21T10:00:36","date_gmt":"2018-03-21T10:00:36","guid":{"rendered":"https:\/\/www.listproperty4free.com\/blog\/?p=586"},"modified":"2018-03-21T10:17:51","modified_gmt":"2018-03-21T10:17:51","slug":"generation-rent","status":"publish","type":"post","link":"https:\/\/www.listproperty4free.com\/blog\/2018\/03\/21\/generation-rent\/","title":{"rendered":"Generation rent"},"content":{"rendered":"<p>Generation rent is a generation of young adults who, because of high house prices, live in rented accommodation and are regarded as having little chance of becoming homeowners.<\/p>\n<p><strong>Doesn&#8217;t this feel like flushing money down the toilet?<\/strong><\/p>\n<p>First time buyers in England are not having it easy.<\/p>\n<p>Before they can get a foot on the property ladder they may spend many years renting and end up spending more than 50,000 Pounds in rent.<\/p>\n<p>Figures from the Association of Residential Letting Agents show that tenants will be renting for an average of 13 years and in 2015 spent 22% of their wages in rent.<!--more--><\/p>\n<p>It seems that for 40% of renters, home ownership may never be more than a dream.<\/p>\n<p>For many on a regular income paying rent and at the same time saving up for a deposit is out of reach.<\/p>\n<p>Many are now coming to the realisation and acceptance that ever owning a home is not going to be a possibility.<\/p>\n<h4>So, just how bad is it for generation rent?<\/h4>\n<p>By the time a first-time buyer eventually affords a new home they have already spend 52,900 Pounds on rent.<\/p>\n<p>If you are an 18-year-old, by the time you can afford your own place you will have to spend 64,400 Pounds on rent.<\/p>\n<p>Of course, on top of all that rent you also need to generate a deposit, which is now on average 33,000 Pounds<\/p>\n<p>It is hardly surprising that two thirds of all renters now believe they will never be able to afford to buy a home of their own.<\/p>\n<p>So, if you\u2019re desperate to have a couple of square feet you can call your own, then why not to look up for property you can afford?<\/p>\n<p>Maybe you won\u2019t find much in the UK, but there is a lot to choose from not so far away in Europe.<\/p>\n<p>And here is where you can find it:<\/p>\n<p><a href=\"https:\/\/www.propertyandmoreproperty.com\/\">www.propertyandmoreproperty.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Generation rent is a generation of young adults who, because of high house prices, live in rented accommodation and are regarded as having little chance of becoming homeowners. Doesn&#8217;t this feel like flushing money down the toilet? First time buyers in England are not having it easy. Before they can get a foot on the &hellip; <a href=\"https:\/\/www.listproperty4free.com\/blog\/2018\/03\/21\/generation-rent\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Generation rent<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[157],"tags":[197,196],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Generation rent - listproperty4free.com<\/title>\n<meta name=\"description\" content=\"Generation rent is a generation of young adults who, because of high house prices, live in rented accommodation &amp; are regarded as having little chance of ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.listproperty4free.com\/blog\/2018\/03\/21\/generation-rent\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Generation rent - 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