Do you believe that home ownership is really something people should strive for, as a life achievement?
If this is a follow-up to what we said a few days ago, I'm sorry to disappoint but I haven't given the matter that much thought :)
I think it's definitely better for people to have property, not be beholden to a landlord or the council, and able to leave things for their children, and society benefits when people have this sense of responsibility. Unfortunately efforts to promote home ownership don't achieve their ends a lot of the time.
It's not like the sub-prime mortgages were a wild success, and that's what happens when it becomes a fetish. Also, Thatcher brought in the "right to buy", it sounded great. Remove people from dependency on the state, and no one has ever denied that big housing estates are grim, and encourage them to have a stake in society.
Unfortunately the properties often went not to the tenant but to shonky "investors", many of them from ultra-wealthy Gulf states ("allied" to the people who shamefully claimed that opponents of the latest war are terrorists!!!) and the poor didn't actually gain anything.from it. So I'm doubtful about whether it's something people should bust their asses for, and it should be encouraged by society, but only if it's been thought through properly.
I think it's definitely better for people to have property, not be beholden to a landlord or the council, and able to leave things for their children, and society benefits when people have this sense of responsibility. Unfortunately efforts to promote home ownership don't achieve their ends a lot of the time.
It's not like the sub-prime mortgages were a wild success, and that's what happens when it becomes a fetish. Also, Thatcher brought in the "right to buy", it sounded great. Remove people from dependency on the state, and no one has ever denied that big housing estates are grim, and encourage them to have a stake in society.
Unfortunately the properties often went not to the tenant but to shonky "investors", many of them from ultra-wealthy Gulf states ("allied" to the people who shamefully claimed that opponents of the latest war are terrorists!!!) and the poor didn't actually gain anything.from it. So I'm doubtful about whether it's something people should bust their asses for, and it should be encouraged by society, but only if it's been thought through properly.