business
'I earn £36k but I can't afford to buy a house'
Key takeaways
- However, despite working between 50 and 60 hours a week, he said saving for a deposit to buy a house on a single income was impossible and he was "trapped" in a private-rented flat.
- Research from housing charity Shelter Cymru said the private rented sector was unaffordable for most people in Wales.
- It said the only people who can confidently afford it were households with two full-time earners, with two or fewer children - and access to low cost childcare - who want to live in mid-Wales.
India Pollock Wales social affairs correspondent BBCDaniel King says it is "impossible" to buy a house unless you inherit money and that hardworking people in their twenties and thirties are overlooked Daniel King grew up with the idea that if you work hard, get a good education and a job, you would be able to buy a house.
However, despite working between 50 and 60 hours a week, he said saving for a deposit to buy a house on a single income was impossible and he was "trapped" in a private-rented flat.
Research from housing charity Shelter Cymru said the private rented sector was unaffordable for most people in Wales.
Article preview — originally published by BBC Business. Full story at the source.
Read full story on BBC Business →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from BBC Business alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop