The Guardian reported that renting a property in the UK can be a bleak business. The average monthly rent rose to £932 last month and in London it is even more expensive at £1,588, according to new figures. It is of little surprise then that more young people are choosing to stay in the family home. […]
Moneywise explained that the property guardian industry, in which you pay cheap rent to live in an empty building as a security guard by another name, has ballooned in recent years. Property guardians can pay half the market rent.
The Guardian reported that s ‘If other options (live far away, work harder, pay a larger proportion of salary as rent, have less space) are less appealing than guardianship, that is a result of wider forces that combine to create the housing crisis in this country.