Housing charity Shelter has warned the housing crisis will halve the number of young homeowners by 2020.
The report released on Friday states home ownership among 25-34-year-olds has fallen from 1.8 million to 1.2 million, and could drop to 616,000 within the next five years.
Roost met with Hannah Barlow, Labour Cllr for Hammersmith and Fulham, to hear her take on why renting may be in the spotlight, but it’s still yet to take centre stage of the political debate…
Over the last few years we’ve seen a move towards finding alternative living arrangements instead of basic flat shares. Artists and creative types have taken over disused spaces all over the capital to turn into live/work units, and now renting a room in a converted warehouse is a popular way to live in London, especially in places like Hackney Wick and Tottenham.
Hackney Wick, London
Roost was invited into the Peanut Factory Studios in Hackney Wick, east London, to meet 24-year-old musician Joe who opted for communal living over more conventional private rentals. He tells us why:
Would you consider moving to a warehouse? Tell us your story #roostrcommunity
Now, unless you’re in a relationship or in a position to splurge a solid £1,000 a month (at the very least) on a single room, the renting life will see you co-habiting with other people, likely for years at a time.
In university, this is an essential rite of passage, throughout which essential domestic facets like hygiene, diplomacy and self-respect will remain niggling details best avoided.
The subsequent years act, then, as a kind of liminal period between infantile crapulence and the crushing inevitability of adulthood. This is what we at Roost are interested in today – specifically, the glorious representation of such through the medium of television! (OK, and one essential filmic example.)
Onefinestay is a short to mid term letting company that offers homes and flats across London, Paris, New York and Los Angeles. Plugging a gap that is a major bugbear of many residents in the four cities, the company offers empty homes for temporary rents of up to six months.
There’s nothing like the magic of a good object – a red pebble, wonky cactus or glittery jacket.
Cue: the markets and car boot sales of London, where one can spend many a happy hour purchasing bargains you don’t need but that would lend a certain je ne sais quoi to the bare spaces in your rental.