Over 250,000 'given up on owning a home' claims consumer group

[AvoidDebt]

It's a result.

The BTLers have won (for now). All your house are belong to us. 

Over 250,000 'given up on owning a home' claims consumer group

Over 250,000 non-homeowners appear to have given up on the dream of owning their own property in the past year alone, a consumer group claims.

Back in 2013 an annual survey by the HomeOwners Alliance and BLP Insurance found that 65 per cent of non-homeowners aspired to homeownership; this number increased every year and peaked at 73 per cent in 2016.

But this year, the numbers have fallen for the first time, back to 71 per cent and the HomeOwners Alliance claims that this equates to around 253,000 people across the country who have given up on ownership in the past 12 months.

The biggest issues concerning aspiring home owners are house prices, saving for a deposit and the availability of homes.

Among aspiring first-time buyers, 86 per cent say house prices are their most serious concern, with 85 per cent citing saving for a deposit as a serious problem  and 80 per cent worried about the availability of homes.

The findings also reveal a deepening housing crisis, claims the HOA, with concerns rising in nearly all areas of the country.

While Londoners are the most concerned with house prices (87 per cent) this is also echoed in Wales (87 per cent) and the East of England (85 per cent).

“We are used to stories about people not being able to buy a home until they are 40, the story has taken a turn for the worse with people increasingly giving up altogether on the dream of homeownership” says Paula Higgins, chief executive of the HomeOwners Alliance.

https://www.estateagenttoday.co.uk/breaking-news/2017/5/over-250-000-given-up-on-owning-a-home-claims-consumer-group

[Errol]

A lot of people have also given up on cars as well.

[TheCountOfNowhere]

Given up on the UK

[Tempus]

250,000? As if. The real figure will be many, many millions. 

[Wayward]

2 hours ago, Tempus said:

250,000? As if. The real figure will be many, many millions. 

that's this year alone they say...what was net immigration?

[billybong]

and how many hundreds of thousands only have a forlorn hope of owning a home - not  to mention those who have given up on the next rung of the so called ladder.

[longgone]

if they gave up renting and moved in with parents that would move things along 

[Guest]

11 hours ago, Tempus said:

250,000? As if. The real figure will be many, many millions. 

I think they're saying the  drop from 73 % to 71 % is 250k people. So now 29% of people (3.625 million) don't aspire to owning a home.

[btl_hater]

That's a lot of non-Tory voters 

[winkie]

10 hours ago, billybong said:

and how many hundreds of thousands only have a forlorn hope of owning a home - not  to mention those who have given up on the next rung of the so called ladder.

Yes, well and truly stuck.....when homes are rising many more times pa than wages and interest rates are now on the floor..... nowhere to go.

 

.....very many more do stay living with parents, they leave university and move back to childhood homes...

......one possitive thing about renting is the flexibility it gives people, for people who have no reason to live in a certain area, who can live and work anywhere can pick up a brilliant place to rent very often protected rent for a fraction of what some people are asking in some places.....is it not better to spend the money you earn on yourself and family than on paying some 'trying to get rich from others hard work' rentier, paying off their debt and helping them to retire comfortably?......charity begins at home.

10 hours ago, longgone said:

if they gave up renting and moved in with parents that would move things along 

Edited May 20, 2017 by winkie