Yorkshire renters pay nearly £30,000 to landlords in 5 years
That's according to Shelter.
Renters in Yorkshire and Northern Lincolnshire have paid nearly 30 thousand pounds to their landlords in the last five years.
That's more than the amount needed for a 20 percent deposit on the average home in the region.
The charity, Shelter, is today warning that with high housing costs - more of us are strruggling to afford our own home and are therefore being caught in a "rent trap".
Shelter is calling on the government to commit to investing in homes which people on ordinary wages can actually afford to rent or buy.
Campbell Robb, Shelter’s Chief Executive, said:
“When just five years of rent could get you the deposit on a house, it’s no wonder that renters in Yorkshire and the Humber feel like they’re getting a raw deal, paying through the nose for something they can never call their own.
“Our drastic shortage of affordable homes is leaving millions of people stuck in their childhood bedrooms in a bid to save money, or in expensive and unstable private renting with little hope of ever saving for a home to put down roots in.
“It doesn’t have to be this way – the government can turn things around by investing in homes that people on ordinary wages can actually afford to buy, or rent for the long-term.”