According to real estate expert Nick Millican, many young people throughout London find it hard to be able to afford rent when they get out of school. While housing used to be an issue that those in their 20s faced, the housing crisis issue is becoming a problem that many people are now facing well into their 40s.
Housing is no longer a “young person’s crisis’ ‘, but it’s a problem that is facing people of all ages and all different backgrounds, Nick Millican keeps on sharing. Housing insecurities are continually increasing for many people, which generally has a negative effect on one’s mental health, as well as their financial future.
Struggling to afford housing means that oftentimes other necessities such as healthcare, medicine, food and transportation are also lacking in one’s life. As Nick Millican affirms, housing is one of the most basic expenses someone has to take care of, and the lower one’s income is, the harder that is to take care of later on in life.
Oftentimes, those who cannot afford housing are in need of additional psychological help as it makes people feel less mentally stable when they cannot afford the basic necessities in their daily lives. Social status, renting equality, and homeownership are all shown to seriously impact the financial health of individuals as well as the ownership they feel over their own lives. And real estate agents such as Nick Millican are a vital guide for people looking for these kinds of changes when it comes to looking for a place to live.
As Nick Millican finally states, having secure housing is also telling of the education level that people will be able to achieve. Also, the level of pay they will get at their jobs, and the level of achievement that they will reach in their own personal careers and at their jobs.