Link to this page: https://archive.socialistparty.org.uk/issue/521/3811
From The Socialist newspaper, 20 February 2008
Record fall in home ownership
THE NUMBER of homeowners in England fell by a record 83,000 in 2007, according to a survey by leading mortgage lenders Halifax. After a long period of growth in this sector, there are now only 85,000 more households occupied by their owners than there were five years ago.
The decline was particularly notable in younger age groups and in more expensive areas. Home ownership in London fell by 111,000 (6.3%), while numbers in the north rose by 345,000 (5.1 per cent) between 2001 and 2006.
High house prices are the main reason for this, putting ever bigger obstacles in the way of getting on the 'property ladder'. In the 25-34 age band, 322,000 fewer households own and occupy their own premises than in 2001. The number of houses bought with a mortgage by the young went down 2% last year.
Meanwhile the private rental sector, cheaper than buying but often offering sub-standard, overcrowded and expensive accommodation, has boomed, particularly those owned by buy-to-let landlords.
Scandalously the government has a target of, each year, selling off 200,000 council houses, the traditional way of aiding the housing of the less affluent. This is leaving more people to the profiteering of private landlords.
Donate to the Socialist Party
The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.
The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.
- The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
- We must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our Fighting Fund.
In The Socialist 20 February 2008:
No wage cuts! Fund equal pay
Troops out of Iraq now!
Socialist Party news
Stop the witch-hunt: Defend the Sheridan 7
Prison officers fight Labour's strike ban
Battle for Shropshire schools goes on
Coventry protests at Widdecombe's attacks
Football: Top of the League for greed
Socialist Party Marxist analysis
Northern Rock - Labour's reluctant nationalisation
1918-2008: Clause 4 and nine decades of workers' struggles
Record fall in home ownership
Socialist Party NHS campaign
London's health care under further attack
Private clinics fail
Hospitals "stacking" patients
Fighting back and building a demo
"Not making sufficient profit"
Universities in crisis: Fees favour the rich
Exeter students fight privatisation
Nottingham defends democracy
International socialist news and analysis
Kosovan independence - a dangerous mirage?
Greece: Second general strike in two months
CWI school in Latin America
Socialist Party review
Science, Marxism and the big bang
Socialist Party workplace news
It's official - Unison launches witch-hunt on Socialist Party
Socialist gains in Unison branch elections
Collection cuts and bullying equals bin strike!
Victory for council street wardens
Workplace news in brief
Rail pension dispute
Union merger: OILC and RMT
Marching against single status
Solidarity with Pakistan workers
The Socialist 20 February 2008 |
Join the Socialist