Tuesday, Dec 27, 2016

Official figures overstate the level of home ownership

Guardian: Generation rent: official figures overstate UK home ownership - study

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 “drop out of the picture”. 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.

Posted by enuii @ 05:34 PM (5492 views) Add Comment

5 Comments

1. libertas said...

To the same extent, stats will also exclude children living at home over the age of 18. Though they are less relevant since they will likely inherit said house. But nonetheless, these stats should be captured and should feed into public policy.

Wednesday, December 28, 2016 09:38AM Report Comment
 

2. mombers said...

@1 hardly less relevant. Inheriting a home when you are 60 is not of any meaningful use...
Very interesting article, I was thinking of this the other day but great to have accurate figures. I know a few people who can afford to take it easy career wise because they make more money from a captive audience of lodgers

Wednesday, December 28, 2016 09:55AM Report Comment
 

3. crash bandicoot said...

Little by little the message in the headlines is changing but will it make a difference? I can only really see any changes in policy coming once the balance in voting power in marginal seats changes from owners to generation rent.

Wednesday, December 28, 2016 09:37PM Report Comment
 

4. libertas said...

Mombers, it is absurd for you to suggest that there is no meaningful difference between one who inherits a home at 60 vs one who's parents pass on after a life of renting and leave you maybe meagre savings, if you are lucky. The former can retire comfortably without a retirement of rising rents and nomadism on a landlord's whim, with the ability to turn that magnolia wall pink wall or whatever they so desire, whilst the latter is screwed.

Yes, having a home 30 years earlier is better, but these are all various shades of prosperity.

Friday, December 30, 2016 11:02AM Report Comment
 

5. mombers said...

@4 my point is I would rather have rights to more of my private property now than rights to my parents' when I'm 60 or so. And likewise to my children as I hope I will be dead long after they are raising their families. Our current system has the taxpayer pick up the private rent of a OAP instead of putting them in a council home at non profit rent anyway...

Friday, December 30, 2016 04:36PM Report Comment
 

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