Quote:
Originally Posted by Hugh
So, 14 million homes are owned or have a mortgage, and 8 million homes are rented....
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I believe it's the trends that are more alarming. Fewer and fewer people are buying homes. Since about 2005 it looks as though in net terms no-one has come onto the ladder.
Although given our abysmal tenant protections it's pretty alarming in its own right that we have one of the lowest rates of home ownership in Europe now. Perhaps if landlord Tory MPs hadn't talked out some basic protections this'd be better.
2 million more privately renting, little change in social rent, over a million more owning outright, a million fewer mortgages outstanding.
Well played first and largely Labour whose economic model seemed to focus on house prices and banker fellation via badly set interest rates, misplaced taxation making BTL more attractive, and stubbornly refusing to build houses, then the coalition who made the right noises briefly then settled back into the old formula when they realised it wasn't politically expedient to fix things.