Guest wrongmove Posted July 15, 2007 Share Posted July 15, 2007 Maybe owning a home is not for everyone "The idea that everyone should be a property-owner has much to commend it. There is a long and distinguished tradition in the English-speaking world of seeing individual liberty and property-ownership as intertwined. In his Two Treatises of Government, John Locke observed that "the great and chief end… of Men's uniting into Commonwealths… is the preservation of their Property". In both the United Kingdom and the United States, property ownership was the original basis for the right to vote. In the 19th century, democratisation meant giving the vote to people who were propertyless. It was not until the 20th century that people began to dream of a society in which every voter would also be an owner-occupier. Beginning with the Federal Housing Administration in the Thirties, there has been a sustained effort to encourage people to become property owners, with incentives ranging from government-guaranteed mortgages to tax-deduction of mortgage interest payments. The intention was implicitly conservative, which was why the most cogent proponents of the property-owning democracy were Margaret Thatcher and Ronald Reagan. The theory was that when working-class voters purchased their own homes, they would turn away from socialism. And in many ways it worked. All over the English-speaking world, owner occupation is now the rule. Before the Thirties, no more than two-fifths of American households were owner occupiers. Today the proportion is 68 per cent. In Britain, the share of owner-occupiers rose from just under a third in 1953 to a peak of 75 per cent in 1981. The proportion is currently down to 70 per cent, because house price inflation has made it so hard for first-time buyers to get on the property ladder. ........." Quote Link to comment Share on other sites More sharing options...
sign_of_the_times Posted July 15, 2007 Share Posted July 15, 2007 how many actually "own" their home ? Quote Link to comment Share on other sites More sharing options...
bigfeet Posted July 15, 2007 Share Posted July 15, 2007 how many actually "own" their home ? Erm, the OPS article says 70% in Britain... I assume that 70% of homes are owner occupied, rather than 70% of the population owns a home. If you need it spelled out... Quote Link to comment Share on other sites More sharing options...
Jimmy2Times Posted July 15, 2007 Share Posted July 15, 2007 Erm, the OPS article says 70% in Britain... I assume that 70% of homes are owner occupied, rather than 70% of the population owns a home. If you need it spelled out... Currently in the UK there are roughly 25 Million homes, of which there are 11 Million outstanding mortgages, so by that rationale, 14 Million people own their homes outright with no mortgages. Quote Link to comment Share on other sites More sharing options...
bigfeet Posted July 15, 2007 Share Posted July 15, 2007 (edited) Currently in the UK there are roughly 25 Million homes, of which there are 11 Million outstanding mortgages, so by that rationale, 14 Million people own their homes outright with no mortgages. The article didn't say that 70% own their homes WITHOUT HAVING A MORTGAGE, now did it... '..by that rationale..' as you put it, 14 million homes (based on 25m homes) are OWNER OCCUPIED, according to the article. I make it 17.5m of 25m homes, if we are talking 70%, but hey what do maths matter on HPC.co.uk!! Simple, really. Edited July 15, 2007 by bigfeet Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted July 15, 2007 Share Posted July 15, 2007 Perhaps "have an interest in their own home" is a more accurate way of putting it, although I don't think too many readers will be confused. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted July 15, 2007 Share Posted July 15, 2007 Given that printing counterfeit currency carries a prison sentence, then no, maybe owning a home is not for everyone Quote Link to comment Share on other sites More sharing options...
Jimmy2Times Posted July 15, 2007 Share Posted July 15, 2007 The article didn't say that 70% own their homes WITHOUT HAVING A MORTGAGE, now did it...'..by that rationale..' as you put it, 14 million homes (based on 25m homes) are OWNER OCCUPIED, according to the article. I make it 17.5m of 25m homes, if we are talking 70%, but hey what do maths matter on HPC.co.uk!! Simple, really. I wasn't referring to the article ***k nut, but rather responding to the previous post and stating the fact that there are roughly 11 million outstanding mortgages in the UK and there are roughly 25 million homes so therefore give or take a few who have multiple homes on one mortgages it can be assumed that 14 million folks own their homes outright be it rented out to tenents or lived in by themselves. As for your maths rant, I've got a degree in maths from one of the red brick Uni's back in the day when it meant something and not the ones nowadays that might aswell be written on sh** paper, so crawl back into you shell ***hole. Quote Link to comment Share on other sites More sharing options...
Mr_Nice Posted July 15, 2007 Share Posted July 15, 2007 I wasn't referring to the article ***k nut, but rather responding to the previous post and stating the fact that there are roughly 11 million outstanding mortgages in the UK and there are roughly 25 million homes so therefore give or take a few who have multiple homes on one mortgages it can be assumed that 14 million folks own their homes outright be it rented out to tenents or lived in by themselves. As for your maths rant, I've got a degree in maths from one of the red brick Uni's back in the day when it meant something and not the ones nowadays that might aswell be written on sh** paper, so crawl back into you shell ***hole. Right on jimmy Quote Link to comment Share on other sites More sharing options...
Fancypants Posted July 15, 2007 Share Posted July 15, 2007 yes, perhaps owning a home is not for everyone. Similarly, perhaps many of today's mortgagors are in that group of unsuitables, and those who have got more sense (and would make more worthy homeowners) are those who have chosen to sit the bubble out. Quote Link to comment Share on other sites More sharing options...
bigfeet Posted July 15, 2007 Share Posted July 15, 2007 I wasn't referring to the article ***k nut, but rather responding to the previous post and stating the fact that there are roughly 11 million outstanding mortgages in the UK and there are roughly 25 million homes so therefore give or take a few who have multiple homes on one mortgages it can be assumed that 14 million folks own their homes outright be it rented out to tenents or lived in by themselves. As for your maths rant, I've got a degree in maths from one of the red brick Uni's back in the day when it meant something and not the ones nowadays that might aswell be written on sh** paper, so crawl back into you shell ***hole. The article was the subject of my reply, as you should know. I'm pleased that you managed to get into a university made of red bricks (portland stone built universities are so low class). Your education has done you proud sonny jim. The rant is all yours. Quote Link to comment Share on other sites More sharing options...
laurejon Posted July 15, 2007 Share Posted July 15, 2007 The article was the subject of my reply, as you should know.I'm pleased that you managed to get into a university made of red bricks (portland stone built universities are so low class). Your education has done you proud sonny jim. The rant is all yours. I have a qualification in catering from a white concrete monstrosty with a flat roof and Aluminium Windows. My School years were during the good old Labour Years, so it was a Cederwood Hut. Quote Link to comment Share on other sites More sharing options...
bigfeet Posted July 15, 2007 Share Posted July 15, 2007 I have a qualification in catering from a white concrete monstrosty with a flat roof and Aluminium Windows. My School years were during the good old Labour Years, so it was a Cederwood Hut. Surely, the outhouses were constructed with red brick... If so, then you are saved. You can hold your head up high! Don't use your degree certificate as toilet paper. You can walk tall with the maths graduates of the greatest red brick outhouses of the world. Hurrah! Quote Link to comment Share on other sites More sharing options...
gus Posted July 16, 2007 Share Posted July 16, 2007 Maybe owning a home is not for everyone"The idea that everyone should be a property-owner has much to commend it. There is a long and distinguished tradition in the English-speaking world of seeing individual liberty and property-ownership as intertwined. In his Two Treatises of Government, John Locke observed that "the great and chief end… of Men's uniting into Commonwealths… is the preservation of their Property". In both the United Kingdom and the United States, property ownership was the original basis for the right to vote. In the 19th century, democratisation meant giving the vote to people who were propertyless. It was not until the 20th century that people began to dream of a society in which every voter would also be an owner-occupier. Beginning with the Federal Housing Administration in the Thirties, there has been a sustained effort to encourage people to become property owners, with incentives ranging from government-guaranteed mortgages to tax-deduction of mortgage interest payments. The intention was implicitly conservative, which was why the most cogent proponents of the property-owning democracy were Margaret Thatcher and Ronald Reagan. The theory was that when working-class voters purchased their own homes, they would turn away from socialism. And in many ways it worked. All over the English-speaking world, owner occupation is now the rule. Before the Thirties, no more than two-fifths of American households were owner occupiers. Today the proportion is 68 per cent. In Britain, the share of owner-occupiers rose from just under a third in 1953 to a peak of 75 per cent in 1981. The proportion is currently down to 70 per cent, because house price inflation has made it so hard for first-time buyers to get on the property ladder. ........." I must be a bit strange, sort of missing the plot , (it wouldn't be the first time) but this obsession to own mystifies me. So many people think that owning a house is the same as belonging; it's not. For me , being a householder on two previous occasions, increased my sense of vulnerability dramatically. I felt shackled to my job and to my employer; truly the arch wage slave and I loathed it. I continually worried about how I would pay if the boiler went , or the roof or the windows blew out. All in a world of short term contracts, minimal pay rises, increasingly demanding bosses who know they have you by the balls. Through choice I now have no house and own nothing apart from my clothes , my books and family memorabelia. The solid practicality of the homeowner is an illusion and one achieved at a high cost . When you have impoverished posters on this site confessing that they live on cereals, baked beans, and mince because they have no money after they've paid the mortgage you know that perceptions of reality and worth have become very very distorted . Cast off that image of the perfect couple with their perfect teeth, cocooned in their shimmering new conservatory; doesn't it make you want to physically puke ? Quote Link to comment Share on other sites More sharing options...
jimmyjazz Posted July 16, 2007 Share Posted July 16, 2007 Currently in the UK there are roughly 25 Million homes, of which there are 11 Million outstanding mortgages, so by that rationale, 14 Million people own their homes outright with no mortgages. peado Quote Link to comment Share on other sites More sharing options...
Jimmy2Times Posted July 16, 2007 Share Posted July 16, 2007 peado TNUC. Quote Link to comment Share on other sites More sharing options...
littlepumpkin Posted July 16, 2007 Share Posted July 16, 2007 TNUC. what a nice thread Quote Link to comment Share on other sites More sharing options...
snap_crackle_and_pop Posted July 16, 2007 Share Posted July 16, 2007 Perhaps "have an interest in their own home" is a more accurate way of putting it, although I don't think too many readers will be confused. how many rent from the bank? Quote Link to comment Share on other sites More sharing options...
Guest Cletus VanDamme Posted July 16, 2007 Share Posted July 16, 2007 In the 19th century, democratisation meant giving the vote to people who were propertyless. It was not until the 20th century that people began to dream of a society in which every voter would also be an owner-occupier. So return to Victorian society it is then Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted July 16, 2007 Share Posted July 16, 2007 So return to Victorian society it is then Quiet, boy, or I'll give you a taste of the back of my hand! Quote Link to comment Share on other sites More sharing options...
jimmyjazz Posted July 16, 2007 Share Posted July 16, 2007 TNUC. ur music is E T I H S Quote Link to comment Share on other sites More sharing options...
jimmyjazz Posted July 16, 2007 Share Posted July 16, 2007 Ohhhh I sooooo love this site! he's losing the plot . LOL . Quote Link to comment Share on other sites More sharing options...
bigfeet Posted July 16, 2007 Share Posted July 16, 2007 he's losing the plot . LOL . It really isn't something to laugh at. You will only encourage its journey further into the gutter... Quote Link to comment Share on other sites More sharing options...
Wad Posted July 16, 2007 Share Posted July 16, 2007 The article didn't say that 70% own their homes WITHOUT HAVING A MORTGAGE, now did it...'..by that rationale..' as you put it, 14 million homes (based on 25m homes) are OWNER OCCUPIED, according to the article. I make it 17.5m of 25m homes, if we are talking 70%, but hey what do maths matter on HPC.co.uk!! Simple, really. Thats interesting because it means that out of the 17.5 million owner occupiers about 60% have a mortgage and the other 40% do not. That is exactly as it should be because that 40% are retired or reaching retirement so should have no debt. The problem is that the other 60% have an absolutely huge amount of debt. The gap between the older and younger generation is starkly revealed by these apparenlty simple percentage values. Quote Link to comment Share on other sites More sharing options...
Jimmy2Times Posted July 16, 2007 Share Posted July 16, 2007 It really isn't something to laugh at. You will only encourage its journey further into the gutter... Not you again, found your shell yet. Quote Link to comment Share on other sites More sharing options...
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