Posts tagged "squeezed middle"

Robbie de Santos
Robbie de Santos

By Robbie de Santos

The mortgage headache continues

Today’s arrears and repossessions figures confirm that we’re in our fourth consecutive year of high levels of home repossessions. It’s a worrying sign of how difficult economic conditions are – and of just how precarious so many people’s finances are. Sadly, thousands of people losing their homes is only part of the story. There are more than 150,000 households in serious arrears, i.e. more than three months behind on their mortgage payments.

The overall number of people in serious arrears … MORE...

Robbie de Santos
Robbie de Santos

By Robbie de Santos

NewBuy: what’s the alternative?

As the hype around the government’s NewBuy scheme rumbles on, it’s worth pausing for a moment to contemplate why owning a home is such a national obsession, and consequently, why politicians always look to home ownership when they want to deliver a package that plays to the aspirations of Middle England.

To my mind, the real question is: what is the alternative to owning a home? For an increasing number of middle-income families their only option is to rent … MORE...

Nicola Hughes
Nicola Hughes

By Nicola Hughes

Held back by housing

A week tomorrow, the Chancellor will unveil the country’s budget, and no doubt George Osborne will be thinking about ways to help out the ‘squeezed middle’. This group, made up of people on less than average wages but not the very poorest, has become a hot political topic.

Housing must be a key part of this debate. The idea of being stuck in the middle is a depressingly familiar story when you think about housing. Want to … MORE...

Robbie de Santos
Robbie de Santos

By Robbie de Santos

Tweaking housing taxation

Tax is always going to be a thorny issue. But start talking about it in relation to people’s home and you’re on doubly shaky ground. We have given much thought to housing taxation, finding much of it to be clunky and regressive, with sharp cliff edges between different levels, and the wealthy few paying disproportionately less tax than squeezed families.

Politicians know the system is broken, but have generally avoided talking about property taxes for fear of the political MORE...