Own­ing a home more im­por­tant than any­thing

Lesotho Times - - Property -

LON­DON — Get­ting a foot on the prop­erty lad­der is over­tak­ing the de­sire to get mar­ried and have chil­dren among un­der-40s, ac­cord­ing to re­search.

A quar­ter be­lieve that own­ing a home is a more im­por­tant mile­stone than mar­riage, be­com­ing a par­ent or en­joy­ing a suc­cess­ful ca­reer.

How­ever, many have be­come so dis­il­lu­sioned with ris­ing house prices and high de­posits, they fear they will never achieve their goal.

Asked to rank five im­por­tant life mile­stones — own­ing a prop­erty, get­ting mar­ried, be­com­ing a par­ent, ca­reer aims and ed­u­ca­tional aims — home own­er­ship came top for a quar­ter of those ques­tioned.

The study by so­cial re­search group Nat­cen also found that half of those in their late 30s who do not own a home think it is un­likely they ever will.

Their pes­simism was off­set by those in the 18-24 age group - 80 per­cent of whom be­lieve they will one day own a prop­erty.

The re­searchers found that the ma­jor­ity of 18 to 24-year-olds as­so­ciate own­ing a home with be­com­ing more grown-up.

Three quar­ters said it would make them feel more rooted in their area, while seven in ten saw it as proof of hav­ing “suc­ceeded in life”. — Daily Mail

A study found half of those in their late 30s who do not own a home think it is un­likely they ever will.

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