UK 'set to become nation of renters'

If you can't get what you want, want what you can get: a new report from the Halifax indicates that young people are increasingly choosing to rent rather than buy.

According to the report, one in five 23 to 27-year-olds say they have no desire to own their own home. For most, this is because they are unwilling to live in a poorer-quality rented home while they save up the deposit to buy.

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