Homes now unaffordable' for most people even for some of the highest earners
Briefly

Homes now unaffordable' for most people  even for some of the highest earners
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground."
"Figures from the Office of National Statistics (ONS) for 2024 show that buying a home was unaffordable when the average house price is over five times higher than the average salary for 90 per cent of earners in England. The situation in the nation's capital is even more dire, with house prices in London deemed unaffordable for all income groups even the top 10 per cent of earners."
Donations fund journalists who report on reproductive rights, climate change and Big Tech and produce documentaries that spotlight American women fighting for reproductive rights. Journalism is made available without paywalls and is financed by those able to donate. Office for National Statistics data for 2024 shows buying a home is unaffordable when average house price exceeds five times the average salary for 90 per cent of earners in England. London house prices are unaffordable for all income groups, including the top 10 per cent of earners. Housing secretary Steve Reed has pledged to 'build, baby, build,' while Conservative James Cleverley blamed Labour's taxes and regulation. Years of dwindling supply and low building rates, combined with weak wage growth, have driven prices beyond many renters' reach.
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