Generation Rent – The Organisation
The organisation called Generation Rent says that it is a campaign led by – and for – renters. It says that its mission is that every home in the private rented sector should be safe, secure and affordable.
On social media, Generation Rent claims it is the voice of private renters.
Generation Rent says that its members have helped them to secure a better deal for renters and hold criminal landlords to account.
What is meant by the term generation rent?
Generation Rent is a term which is usually used to describe people who cannot afford to buy their own home (but want to) due to high house prices and so have no option but to rent one.
It is sometimes said that Generation Rent is trapped in a vicious circle where they will never be able to buy a house of their own. Because they cannot afford to buy a house and so have to pay rent that makes it difficult or impossible to save for a deposit to buy one.
Generation Rent tends to be so-called millennials, also known as Generation Y. That is, people born between the early 1980s and the early 2000s.
These renters often live in parts of the country where it is more expensive to buy property, especially London and the southeast.