Saturday, Jul 01, 2006

25% of over 50's can't afford to buy

Firstrung: Life doesn't begin at fifty for some first time buyers

Nearly a quarter of people in their 50s do not own their own home, and are instead renting, or even living with their parents, new research from the Alliance and Leicester has revealed whilst 41% of over 50s cannot afford to buy. This rises to 45% in London and 58% in the South East, up on last year's data when 33% of the over-50s who were not yet on the property ladder said they wanted to buy somewhere but were unable to.

Posted by Converted Lurker @ 11:22 AM (512 views)
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1. bidin'matime said...

"Nearly a quarter of people in their 50s do not own their own home, and are instead renting, or even living with their parents, new research from the Alliance and Leicester has revealed whilst 41% of over 50s cannot afford to buy."

If we turn those percentages round, it seems to say that over 75% (three quarters) own their own home, whilst only 59% can afford to buy. So are they saying that over 16% own their own home, but can't afford it?? Or is this just more meaningless rubbish put out by lenders?

Saturday, July 1, 2006 07:33PM Report Comment
 

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