Britons over 50 are back in shared homes due to rising rents

She was living in a two-bedroom flat on the outskirts of the town of Eastbourne in south-east England, but she was starting to have trouble paying rent and bills.

The ages of his roommates range from 20 to 50 years old.

While everyone gets along, they don’t tend to mingle together, and Karen, who works part-time as a housekeeper, says hanging out with younger people can be a problem.

Previously had issues with some annoying roommates and the shared kitchen and bathroom can get dirty quickly.

However, he acknowledges that living with others is his too Benefits, Like having someone nearby to talk to.

“If I moved somewhere on my own, I think I would probably feel a little lonely,” she told the BBC.

Karen is trying to find a one-bedroom apartment for rent, but with the prices rising, she has had a hard time finding an affordable apartment.

She would also like to share with friends, but says it can be difficult for older people to find someone of the same age to rent with.

“My friends have husbands and families, so it’s tough,” she explains to the BBC.

Spear Room’s director of communications, Matt Hutchinson, says the main reason more seniors are sharing the home is affordability.

As he told BBC News, the rising cost of renting and buying a home means more people are sharing for longer and becoming ‘lifetime tenants’, while people who have ended long relationships may have bought or rented a one-bedroom in the first place. Now they can no longer do that.

Hutchinson thinks so trend will continue Where the cost of housing and other costs will rise even more.

Sarah Coles, a personal finance analyst at Hargreaves Lansdown finance firm, says official numbers also suggest renters are getting older.

He added that figures issued by the Office for National Statistics (ONS) indicate that the cost of living crisis is felt more by tenants than owners, as they spend a higher proportion of their income on housing.

In addition to the difficulties in finding other people of the same age to share a home with, many suffer from the fact that there is still a stigma attached to the fact that Live in a co-location since a certain age.

Susan Laiburn, a 58-year-old who moved into shared accommodation to save money in March 2020, says she initially felt “almost embarrassed” that she couldn’t afford the rent on her own.

“I’ve accepted it now and I’m trying to see what’s positive in it, not negative,” he says.

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