The traditional notion of a "first-time buyer" has long been associated with young people struggling to make ends meet, but the reality is rapidly evolving.
In England and Wales, the number of households renting privately has more than doubled over the past two decades. This drastic increase can be attributed in part to an aging population, as those from all age groups are increasingly turning to renting. The 2021 census revealed a staggering growth in the private rented sector, with 5 million households now renting, up from 3.9 million in 2011 and just 1.9 million in 2001.
But it's not just young people who are being priced out of the market. The number of older renters – those aged 55 or over – has seen a particularly sharp rise. According to the National Housing Federation, this demographic has grown by 70% since 2010/11. This trend is likely driven by a combination of factors, including rising housing costs and an increasingly complex and competitive rental market.
As we reflect on this shift in demographics, it's essential to consider the experiences of renters across all age groups. What are their hopes and fears? Have they been forced to confront the possibility that owning a property may be an unattainable dream? Do they have any horror stories from their time as renters?
We want to hear from you – if you're a renter, regardless of your age, we'd love to hear about your experiences. What's it like living in a world where renting is the norm? Have you faced challenges or triumphs as a renter? Do you have any advice for those who may be struggling to navigate this increasingly complex market?
Your story could provide valuable insight into the lives of renters across all age groups, and help to spark a much-needed conversation about the changing nature of homeownership in the UK.
In England and Wales, the number of households renting privately has more than doubled over the past two decades. This drastic increase can be attributed in part to an aging population, as those from all age groups are increasingly turning to renting. The 2021 census revealed a staggering growth in the private rented sector, with 5 million households now renting, up from 3.9 million in 2011 and just 1.9 million in 2001.
But it's not just young people who are being priced out of the market. The number of older renters – those aged 55 or over – has seen a particularly sharp rise. According to the National Housing Federation, this demographic has grown by 70% since 2010/11. This trend is likely driven by a combination of factors, including rising housing costs and an increasingly complex and competitive rental market.
As we reflect on this shift in demographics, it's essential to consider the experiences of renters across all age groups. What are their hopes and fears? Have they been forced to confront the possibility that owning a property may be an unattainable dream? Do they have any horror stories from their time as renters?
We want to hear from you – if you're a renter, regardless of your age, we'd love to hear about your experiences. What's it like living in a world where renting is the norm? Have you faced challenges or triumphs as a renter? Do you have any advice for those who may be struggling to navigate this increasingly complex market?
Your story could provide valuable insight into the lives of renters across all age groups, and help to spark a much-needed conversation about the changing nature of homeownership in the UK.
I think it's crazy how renting has become the norm for so many people now, especially older folks who are being priced out of the market 
. I've got a mate whose sister rented her first home at 55 and she was super stressed about it 
. Has anyone else had to deal with that? It's like, we're living in a different world where owning a property is just not accessible anymore 
. I feel bad for them, I really do 
.
. I feel bad for him because he can't even think about retiring in his own place 
. It's not just the money that's the problem – it's the lack of stability and security that comes with owning a home 
.
...I mean, it's great that they're making the most of their finances and whatnot, but is this really the reality we want? 
.
I feel bad for anyone who's struggling to make ends meet, but maybe we need to rethink our priorities and stuff 
. Still, I'm not sure if I'd trade my freedom to roam wherever I want for a mortgage payment anytime soon 
.
I feel bad for them, but at the same time, it's like they're right to be cautious – the market is just so unpredictable now.