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The home stretch: Coping with high housing costs

Posted on: 9 December 2014
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Filed under: News

Despite the strain that high housing costs cause, millions of people on modest incomes continue to live in high cost areas and are somehow coping. The Resolution Foundation report explores six ‘coping strategies’ – working more, increasing the term of a mortgage, getting help from friends and family, over-crowding, lowering standards and doubling up. It looks at how effective each of these would be in bringing housing costs within reach of three typical families. The effectiveness of each coping strategy depends on family circumstance and varies by household type and geographical area.

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