Sunday, August 15, 2010

“My children have no chance of ever getting on the housing ladder”

Angry and insecure – the renting Britons with no hope of buying a home

Campaigners and experts point to government figures that show 44% of all privately rented homes are classified as "non-decent" – a far higher level than for owner-occupied houses (32%) and social rented homes (26%). They also highlight the plight of the "in-betweens" – low-paid workers unlikely to be offered council housing but with little chance of buying a home. Terry works as a printer at an architect's company and rents with his wife Teresa and 21-year-old son Joshua in north London. "The culture in this country has been bent on home ownership – if you fail to get there you are seen as 'outside the box'. My children have no chance of ever getting on the housing ladder," he says angrily. He warns of "social unrest" if the government does not urgently tackle the issue.

Posted by drewster @ 11:35 PM (1430 views)
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2 thoughts on ““My children have no chance of ever getting on the housing ladder”

  •     “Privately owned housing would become a thing of the past. The cost of housing and financing housing would gradually be made so high that most people couldn’t afford it. People who already owned their houses would be allowed to keep them but as years go by it would be more and more difficult for young people to buy a house. Young people would more and more become renters, particularly in apartments or condominiums. More and more unsold houses would stand vacant. People just couldn’t buy them. But the cost of housing would not come down.

        You’d right away think, well the vacant house, the price would come down, the people would buy it. But there was some statement to the effect that the price would be held high even though there were many available so that free market places would not operate. People would not be able to buy these and gradually more and more of the population would be forced into small apartments… small apartments which would not accommodate very many children. Then as the number of real home-owners diminished they would become a minority.”

    Few years ago that statement was laughed at and ridiculed, but just reading the headline of this article, it is spot on.

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  • The penny is just beginning to drop.

    On a personal note, I have just signed up to another 12 months renting, feel like an absolute looser but there you go.

    The interesting thing was the candid and rather outspoken conversation I heard whilst in the Estate agent on Saturday when I was signing the contract. A sales negotiator advising his client on the other end of the phone to put his house on the market and stop procrastinating, his reasoning “All the signs are there for an enormous drop in prices, we have been expecting this for the last 3 years but the government has been helping us out. It could go on for another 2 – 3 years but the signs are not good, I have had properties on sale for over 2 years that other clients of mine can’t shift…blah blah.”

    Pretty much what we have been saying on here, but this was an unexpected bit of inside info. to be honest I had given up on house prices falling, but this has given me a tiny bit of hope again.

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