Tuesday, Dec 27, 2016
Official figures overstate the level of home ownership
Official figures do not count the number of people who own their own homes but the proportion of properties owned by an occupier of a property. This means if a person bought a house and took in three lodgers, the property would then be counted as owner-occupied and the three people renting âdrop out of the pictureâ. Similarly, if five unrelated people share a house this would be counted as one rented household. The same principle also applies to an adult returning home to live with his or her parents.
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