Pirate FM News

Keep up to date with the latest news delivered direct to your Inbox.

20 Year Wait To Buy in Cornwall

news - housing
Delicious Submit this page to reddit

7:01am 19th June 2013

Pirate FM has learnt a home in Cornwall takes a first time buyer twenty years of saving.

With a family the figure is sixteen.

Housing charity Shelter warns that is one of the worst in the country and says we desperately need more affordable homes.

Zoe from Wadebridge said: "I think we know that, when we come to buy, it isn't going to be in Cornwall. When we're old and rich we'll move back.

"There's no jobs in Cornwall - so we'll go where the jobs are and see where it takes us.There's houses round here, there's lots of houses for sale. It's just how the market's gone."

Shelter chief executive Campbell Robb said: “This is the first time research like this has been conducted at a local level to reveal the harsh realities that ‘generation rent’ is having to confront because of our shortage of affordable homes.

“Despite working hard and saving what they can each month, young people in the South West face life-changing choices between starting a family or buying a home of their own. Imagine a 28 year old couple weighing up their options: they can save for a home now and put off starting a family until they’re 35, or they can start a family now but accept they’ll be renting until their child is a teenager.

“Meanwhile, single people face an added pressure to either find a partner or to live with their parents well into their thirties if they’re ever to have a hope of saving enough for a deposit.

“It seems the only ones with any hope left are the few who can resort to the bank of mum and dad. But with so many parents already feeling the squeeze, this is not a sustainable option.

It says the number of new homes being completed in the southwest over the last year has fallen 38%.

That is helping force up rents, making saving a deposit even harder.

7:01am 19th June 2013

Share This Story

Delicious Submit this page to reddit
Suggested articles
Treliske health hospital

Second inspection 'can't wait' at Cornwall hospitals

It's after a report said RCHT requires improvement

police tape 3

Casualties cut free after Cornwall crash

One was treated at the scene near Bodmin

Most read
firefighters and parking 1

PHOTOS: Fire crews struggle to get down Cornish street

It's sparked a parking appeal... and not for the first time!

gorse fire 1

PHOTOS: Giant gorse fire at Cornish beauty spot

Firefighters from Penzance to Looe were called

Top articles

BREAKING: Biker 'in hospital' after crash

Cornwall News: Police and paramedics were called to Torpoint

Pirate FM Cornwall News Update - 7th January 2016

Cornwall Video News: Officials say they’re holding talks to find new jobs for hundreds of workers in Bodmin.

Protesters spark fires over police stop death of Edir Frederico Da Costa

National News: Fires have been set off and bricks thrown at police as protesters hold a march over the death of a man after a traffic stop.

UPDATE: Body found on popular Cornish beach

Cornwall News: Police say death at Watergate Bay 'isn't suspicious'

Jeremy Corbyn gets rapturous reception at Glastonbury

Showbiz News: It was a scene that could have come from a Beatles gig in the 1960s.

At least nine dead after Colombia tourist boat sinks

World News: A boat carrying around 170 tourists has sunk in a reservoir in northwestern Colombia.

Sebastian Vettel and Lewis Hamilton in F1 crash row

Sports News: Sebastian Vettel has been penalised for deliberately driving into Lewis Hamilton during the Azerbaijan Grand Prix.

Hungry hackers stole $3k worth of snacks from CIA vending machines over several months

Strange News: The CIA has admitted it was penetrated by an insider network - of hi-tech snack thieves.

Newer article

Rail-ly Good Idea?

Cornwall News: MP asks government to help bring mainline train services back to Bodmin town centre

Older article

Cornwall's £100 Million To Beat Fuel Poverty

Cornwall News: Duchy families offered free heating upgrades and home insulation to cut bills

Cornwall's Pirate FMPirate Extra Footer LogoEscape to Cornwall radioLoveCornwall.com - The Cornish Business DirectoryPirate Education and Training

 

© Copyright Pirate FM

Pirate FM cannot be held responsible for the content of external links.