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Drop in home ownership 'may last'

Drop in home ownership 'may last' | ESRC press coverage | Scoop.it
Rising house prices mean that young people are now far less likely ever to own their own home than their parents, a leading economic think-tank has warned.
ESRC's insight:

The article cites the ESRC-funded Institute of Fiscal Studies.

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Better Homes, Better Life's curator insight, March 15, 2015 11:53 AM

Money Quote:

 

"Increases in house prices relative to incomes have probably been at least partly responsible for a significant decline in home-ownership (and a rise in private renting) since the early 2000s, reversing the trend seen over the late 20th century."

 

Ya think? What raised the prices? 0-3% loans that flooded the market with bank money that artificially increased home prices. The same loans that are coming back now that the housing market is starting to heat up again....

 

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Young Britons squeezed out of owning homes

Young Britons squeezed out of owning homes | ESRC press coverage | Scoop.it

Brits in their 20s are half as likely as the previous generation to own their own home, a study from the Institute for Fiscal Studies shows

ESRC's insight:

The article cites a study by the ESRC-funded Institute for Fiscal Studies.

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