Tuesday, Feb 23, 2010
Decline and Fall
Telegraph: Rental figures soar as home owners decrease
Around 3.1 million people in England rented a property privately during 2008/09, up from 2.1 million in 2001, according to the English Housing Survey.....
....But despite the fall, owner-occupation was still the most common form of housing tenure, accounting for 67.9pc of all households, although this was down from a high of 70.9pc in 2003.
Renting a home from a social landlord was the second most popular option, accounting for 17.8pc of households, while 14.2pc rented a home from a private landlord, up from only 10pc in 2001.
Posted by dill @ 04:44 PM (548 views) Add Comment
5 Comments
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1. mark wadsworth said...
Yup.
The Home-Owner-Ists always say that homeownership is A Good Thing and should be encouraged, but the direct outcome of their economic policies is that more people are renting.
Epic fail.
2. 51ck-6-51x said...
MW,
Yup, same as any economic greenbelt.
3. 51ck-6-51x said...
Furthermore I see "70% of people own their own homes" in comments on news articles, usually in promoting some hoist point or another... yet it's ~70% (now 67.9) of "households"; which discounts older kids @ home and those in flat shares because it's the sensible way to rent, and so on... what is 14.6 million as a % of single adults + couples I wonder? ~45%?
4. Yoss said...
Don't forget all those people that have over extended, renting out their homes to cover the mortgage costs! And living back in the comfort with mum/dad.
It's not something people like to brag about at dinner parties, but it seems all the rage round my way and fair play!
What better way to lower your debt servicing costs than stick it for 6-12-18 months back at home, having your mortgage paid for you, while you get on your feet.
5. mark wadsworth said...
666, the writer messed up badly - he (or she) refers to 3.1 million individuals renting and 14.6 million individuals owning, but actually he means 3.1 million households and 14.6 million households, remembering that there are about 25 million 'households' in the UK.