Recent surveys have revealed that the rental payments in the neighborhoods of England have become so costly that they have become out of reach for the commoner.
Recent surveys have revealed that these homes would roughly cost about 35% of the pays of the local residents, and they are still called ‘affordable’. The survey has been conducted by housing charity shelter and it revealed that those people who are unable to buy homes are looking for suitable rented homes, but the prices here are also sky-high and they are undergoing problem.
The survey was further of the view that those people who have had to rent private rented places for themselves and their families, are now reducing the expenditure on their food and other expenses, so that they can pay their house rents on time.
"Over recent years we have seen more and more people forced into renting, as high house prices and a lack of social housing have made it the only option for thousands of ordinary families”, said Campbell Robb, the CEO of Shelter.
It was previously believed that rented homes are more cost effective and efficient for people who may plan to move from place to place. People who couldn’t afford to buy a lace of their own would comfortably rent a place. With the recent shift of trend however, it has become excessively difficult for people to rent homes in England.