The rise of the private renters continues

Back in the summer I wrote about how:

You can fight through a bulging email folder of press releases from politicians wanting to make mortgages easier, cheaper, safer and more numerous before you find one that talks about tackling any of the issues private renters face…

It is notable that the rising trend of private renting and declining numbers of those with a mortgage pre-date the financial crash. In fact, the crash has not caused much of a blip in the trends.

This week the new census figures confirm that:

As I said in the summer:

This longer-term picture means you do not have to be that young a politician to be able to envisage fighting future elections in a country where private renting is not that much less common than having a mortgage. That makes for a very different set of sensible priorities from those many current politicians instinctively have.

* Mark Pack has written 101 Ways To Win An Election and produces a monthly newsletter about the Liberal Democrats.

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  • Surely those figures suggest that
    A) The increase in homes owned out right , are more likely owned by landlords who have built up nice property portfolio’s
    B) The only people who are able to access cheap Mortgage deals are those who already have lucrative property portfolio’s
    C) The increase in welfare & Housing Benefit Bill is down to more and more people being forced to rent in the Private Sector and the only people who are benefiting from this are Groups A & B

    Will the government take any notice of this figures? Of Course not, their answer will be lets push even harder with the Right To Buy Scheme, and when these *x” council tenants get slapped even harder with cuts, when the home is eventually repossessed, it will get sold on cheaply to yet another lucrative Property Portfolio who will go on to use it to exploit the high rents market, pushing the Hosing Benefit Bills up further.

    You have to admire the Tories, for one thing they are consistent and seem to be in a mad dash to take us back to the Thatcherite 80/90’s when this farce of housing policies were first started

  • The VERY interesting thing at the moment is that homes that are restricted to the over 55s are cheap as chips!
    That is probably because the over 55s mostly have their own nice houses and wouldn’t give tuppence for a one bed flat.

    The implication of this is that we must restrict sales of new housing to first time buyers only.

  • I’m late to the party as far as discussion of this article is concerned, but these statistics are terrifying. They show property ownership being consolidated into fewer and fewer hands, and our young people with no prospect of ever having a home of their own and every prospect of dependency on the state in retirement as they won’t be able to afford inflated private rental prices without housing benefit. It’s horrific.

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