HOUSING CRISIS BITES AS EVEN THOSE WITH JOBS STRUGGLE TO MAKE ENDS MEET
An employed physiology graduate has revealed that he been sleeping rough for 12 months as it is his only hope of ever being able to afford a deposit on a house, as rent in his area is so high he has nothing left over at the end of the month.
The story of Richard Roberts, a piano tuner from Oxford, is alarming – but may not surprise readers of Graduate Fog, who are likely to be facing a similar struggle to make ends meet. With low wages, insecure jobs and sky-rocketing rent, many are finding yourselves battling to stay afloat.
Richard’s story emerged shortly before the launch of the government’s NewBuy scheme, designed to help first-time buyers on to the property ladder. On certain new-build properties, lenders and the government will underwrite the mortgage, so that first-time buyers will not need quite such large deposits. While some have praised the scheme, others claim it is too little too late, as a whole generation has effectively already been priced out of the property market.
Richard, 29, works a 30-hour week, but says his tactic of sleeping rough is his best option as he is burdened with £16,000 of student debt which he realised he had hope of clearing on his salary unless he did something drastic. Echoing the thoughts of hundreds of thousands of young graduates, Richard told Metro:
“The price of housing needs to come down. It is impossible for young people to find somewhere affordable to live and so many of them are stuck in a rut. Most of my customers are amused by it and nobody has turned me away. Some of them even let me air my sleeping bags in their homes.”
But Graduate Fog is not amused at all. Is this really what it’s come to? Making our best and brightest young people choose between a life of debt and struggle – or sleeping on the streets to save up for a better future? If that’s not a sign that something has gone horribly wrong for this generation, we don’t know what is. David Cameron, are you listening?
*Are you struggling to keep a roof over your head?
Where are you living? With your parents – or kipping on a friend’s floor? Have you considered taking drastic measures to save money? Do you worry you’ll never clear your debts? Are you giving up hope of ever owning your own home?