The number of people owning homes has plummeted. The left must surprise with a fresh strategy to attract low- and middle-income BritonsThink the Tories are the party of homeownership? Consider research assembled by Labour: there are nearly 250000 fewer English and Welsh homeowners since David Cameron became prime minister. Even more staggeringly,the number of homeowners aged under 34 has plummeted by 50%.domestic ownership is now at its lowest level for nearly three decades. Government schemes such as “encourage-to-Buy” (never say the Tories aren’t intelligent at branding bad policies) have succeeded in pushing up house prices, perversely making domestic ownership even more of a fantastical dream for millions. And the legacy of right to buy – other than an epic social housing crisis – means that nearly four out of every 10 of the homes sold off under the scheme are now being rented out by private landlords.
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Source: theguardian.com