Thursday, February 7, 2013

I for one welcome our new landlord overlords

Home ownership falls to lowest level since 1987

The level of homeownership has fallen to its lowest level since 1987, government figures showed today. Of households, 65.3% are homeowners; 17.4% are renting privately; and 17.3% are renting from councils or housing associations. Three-fifths of private renters are trapped because they cannot make the jump on to the property ladder.

Posted by drewster @ 10:04 PM (1804 views)
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4 thoughts on “I for one welcome our new landlord overlords

  • Fine – but are landlords paying their proper share of tax?

    I suspect that if tax came into the equation, most landlords would go bust. It’s only because they pocket the tax that BTL is so attractive.

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  • mark wadsworth says:

    That’s a couple of Home-Owner-Ist milestones for you – more private than social tenants and owner-occupation back down to 1987 levels.

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  • The message shoud have been received, by now, that this game is over.

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  • Very deceptive use of words.

    Home ownership has not fallen. All the houses are owned. What has occurred is a Marxist re-distribution of home ownership from owner occupiers to speculators, as a result of artificially low interest rates and the legalization of fraudulent mortgage backed securities. That system now perpetuated and accelerated by bankster bailouts.

    What they should have said is, owner occupiers fall to lowest level since 1984 whilst speculators and buy to let investors swallow up Britain’s real estate, on behalf of the banks that the previously owner occupiers just bailed out.

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