From today's Metro:
Half of those aged 20 to 24 can't afford to leave their parents' house (Metro, Fri) while it was recently reported that landlords have earned a massive £32 billion* from private renters.
Could these two facts be linked?
Julian Self, via email.
Yes.
* Direct Line calculated that landlords' gross rental income is £32 billion per year.
I've calculated that the figure is probably more than £40 billion a year, of which banks thwack off around one-quarter in mortgage interest, and you can double that to £80 billion a year if you include capital gains.
Debate Magazine
