Property News · June 25, 2023

Margaret Thatcher’s dream turns to dust: the days of easy home buying are over


As mortgage rates rise, many Britons now see owning a home as a risky and unattractive prospectIn 1981 Margaret Thatcher told the Tory party conference “The family is the basic unit of our society and it is in the family that the next generation is nurtured”.The then prime minister added: “Our concern is to create a property-owning democracy and it is therefore a very human concern. It is a natural desire of Conservatives that every family should have a stake in society and that the privilege of a family home should not be restricted to the few.” Owning, in other words, was better than renting, morally as well as financially. Continue reading…

Source : theguardian.com
Read more…Margaret Thatcher’s dream turns to dust: the days of easy home buying are over

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