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Reasonable is not the term I would use. I've read elsewhere that the rate of home ownership in the UK for 30-somethings is half that of 15 years ago, which is h
by jf- 8y ago
Reasonable is not the term I would use. I've read elsewhere that the rate of home ownership in the UK for 30-somethings is half that of 15 years ago, which is half that again of 30 years ago. Extrapolate that to this distribution and it must have been vastly different for previous generations. Housing has become increasingly unaffordable and those that got in early reap the rewards.
I actually looked for figures like those given by the economist on a whim previously, but couldn't find any readily available data. It's nice to see them now. Too bad there's no comparison to what that distribution would have looked like in the past.
I can't find exactly the article I'm thinking of above, but these two have a similar gist:
https://www.theguardian.com/society/2016/dec/27/home-ownership-figures-are-exaggerated-says-thinktank-resolution-foundation https://www.theguardian.com/society/2016/dec/27/home-ownersh...
https://www.theguardian.com/money/2015/nov/17/generation-rent-young-adults-housing-ladder-2025 https://www.theguardian.com/money/2015/nov/17/generation-ren...