Price check

If food prices had risen at the same rate as house prices over the past 40 years, then today a chicken would cost you £51.33. Four pints of milk would be £10.48, and a loaf of bread would set you back £4.37.

House prices are out of control. No matter how hard people work, they just can’t save enough to keep up.

But it doesn’t have to be like this. Politicians need to meet people half way. They need to build more affordable homes. Now. Otherwise things are only going to get worse.

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More and more people are getting trapped in expensive and insecure rented homes, or can’t afford to move out of their parents’ homes until well into their thirties. Put together with stagnant wages, all this means people are finding it harder and harder to keep up.

What would your wages need to be to keep up with soaring house prices?

Food for thought:

  • 59% of people who don’t own a home say they’ll never be able to afford to buy in their area. 1
  • 1.6m adults are living with their parents because they can’t afford to rent or buy.
  • 44% of Britons believe their children or future children won’t be able to afford a decent home.*

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1 YouGov for Shelter, August 2012: 59% of GB adults who don't own their own home agreed with the statement: 'I don't think I will ever be able to afford to become a homeowner in my local area'. This has risen by 18% since 2009 (50% to 59%).

*Shelter, October 2012: Housing costs force 1 in 10 back to mum and dad