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Discrepancy At Heart Of Government Home Owner Statistics

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A discrepancy at the heart of government home owner statistics?

71% of people now own their own homes proclaims the government. Owner occupation continues to rise steadily according to DCLG statistics. Sounds good doesn't it... but is it too good to be true?

The Council of Mortgage lenders announced that in 2005 there were over 700,000 outstanding loans to Buy To Let landlords up from 73,000 in 1999. Simply staggering.

Now consider this the DCLG report that 1,115,000 new homes were completed in the same 6 year period.

Using the power of simple arithmetic it is hard to reconcile the government's claim. If all the newly built homes.....


Edited by HousePriceLottery

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