Originally posted by @cobham-saint
Can I just ask why owning your own home is the be all and end all of everything?
As far as I can see everyone had been hoodwinked by the Govt and the mortgage and building industries.
Renting at appropriate and sustainable levels used to be the norm. Thatcher seems to have unleashed the beast and greed and avarice is now the new norm.
It never used to be, and it isn’t the case in Europe either.
The most common criticism of renting is that it’s “dead money”., one that is helped by very high rents. I listened to this week’s Football Ramble, in which they focused on the apartment woes of one of their presenters. He’s paying 1450 a month for a converted office where mushrooms grow on the bathroom floor.
It’s not really that difficult to see why owning your own house became a perceived panacea. The Tories were introducing right-to-buy, bigged up home ownership hugely and shat on the idea that paying a meagre sum for rent was a good thing, if you never got to own it.
It worked very well for the people of the time. Not so well for those that had to deal with the aftermath.
The reality is that everything is temporary for mere mortals.