What Happened To The Golden Age Of Home Ownership?



A Chartered Institute of Housing report, released at the weekend, predicted that Britain’s “golden age of home ownership” is coming to an end. This is undoubtedly the case with claims of deposits in excess of £40,000 required in the more expensive parts of the country. The CIH also calls for action in a study released on the 15th August to help the “in-betweens” who are likely to earn more than £12,000 but less than £25,000. Sarah Webb claims of this matter that ‘the in-betweens’ work and do not claim benefits and yet get nothing in return.



Google search provided statistics showing owner-occupation rates at 32% in 1953, rising steadily peaking just over 70% back in 2000. However, the current rate has now fallen slightly to around 68% leading to the conclusion that generations of young people are now facing a lifetime of renting rather than buying.

It is clear that the time has come to move away from the notion of 'right-to-buy' and 'wrong-to-rent' and with increasing age groups willing to settle a deposit and purchase their first home it was argued “we are moving towards a more European model, where first-time buyers are in their late 40s and come in with 50% deposits” (Richard Donnell). However, if this is indeed the case, a certain amount of attention now needs to be directed towards the maintaining and improvement of the rental homes that are available. Government figures on this matter showed that four out of ten homes in this sector now suffer from issues such as damp, broken windows, and inadequate bathrooms and kitchens calling for councils and housing associations to refocus their attention.

A government spokesman said it had taken action to support the private rental sector but still wanted to support those who aspired to buy. However, there is no escape that the idea of renting is becoming highly appealing and the budgets for the housing sector are becoming lower. In this case furnishing your rental home can become a little tedious on a budget and also adds to the hassle of ridding of your furniture or lugging it with you when your rental contract comes to an end.

Furniture rental once again seems the most reasonable answer to rental problems. Furniture hire will ensure that nearly all of your decorating needs are met along with the latest, stylish, and brand new furniture installed quickly, easily and most importantly to suit your budget.





Laura room works for a company where you can you find furnishings for any occasion with Furniture Rental London and Furniture hire with furniture rentals





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