Is there any hope for Generation Rent?
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 22 February 2024
⏱️ 32 minutes
🧾️ Download transcript
Summary
With ever-increasing house prices across the country far outstripping the rate at which earnings are rising, millions of young people are now being forced to either live at home with their parents, or pay extortionate rent in a market where landlords have all the power. So what hope is there for Generation Rent?
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Transcript
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| 0:00.0 | This may just sound like someone on the train sending boring emails, but it's so much more. |
| 0:06.0 | It's the sound of Claire landing her biggest sail. |
| 0:09.0 | And this is the sound of her planning what she'll spend her pay rise on, a fancy dinner or a multi-comparment bin. |
| 0:16.7 | How will she decide? |
| 0:18.3 | Claire's living her best phone life on the UK's fastest 5G network, 3. Life needs a big network. |
| 0:25.6 | UCLA Speed Test Intelligence Data, H1, 2020, C3, |
| 0:28.6 | C3, go to UK slash Bid Network. |
| 0:30.0 | Stories of Our Times is sponsored by Skipton, not the town, Skipton Building Society. |
| 0:38.0 | There are billions of pounds in UK current accounts sitting around earning little to no interest. |
| 0:44.9 | You probably won't have a billion, but you probably have savings which could be earning |
| 0:48.9 | you a bit more. |
| 0:50.5 | Skipton Building Society can help with any size pot with a free My Review conversation |
| 0:56.0 | with one of their savings specialists. |
| 0:58.2 | Head to Skipton. |
| 0:59.2 | UK forward slash My Review or visit your local branch. Getting on the property ladder has never been easy, but is it now too difficult for young people? |
| 1:17.0 | They're not blowing all their cash on avocado toast and chai flat whites. |
| 1:23.0 | They're weathering sky high rents, chunky mortgage rates, even higher house prices, |
| 1:28.6 | but with sluggish wage growth. |
| 1:32.2 | Without relatives kind enough to give you the shortfall you |
| 1:35.0 | need for a deposit or die and leave it to you, is being a homeowner just out of |
| 1:39.9 | reach for too many? And are we left with a furious generation as a result? |
| 1:48.6 | Q politicians with pre-election promises. |
... |
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