The report highlights the crippling impact of high property prices and the demand for large deposits on cash-strapped families.
In 1993, a typical family had to save for eight years to raise a deposit for a mortgage to buy a house. Now they have to save for 31 years.
As a result, many have little or no chance of ever being able to get on to the property ladder, says the Resolution Foundation think-tank.
Its report, published today, highlights how families forced to rent instead are paying such extortionate prices that they have less chance of saving for a deposit. Read More
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