Tagged: millstone around their necks.

Charity report reveals owning your own home in County Durham is “becoming a nightmare”

The dream of owning your own property in County Durham is becoming a nightmare for many low-income families, according to new research.

Investigations by Citizens Advice County Durham published in a new national report, revealed that people are spiralling into debt as they struggle to retain and maintain their homes due to a combination of health issues, unemployment, zero-hour contracts, stagnating house prices, and costly repairs.

In the report, Dispatches from the Front Lines of the Housing Crisis, the charity calls for the myth that owner-occupation is best for all to be debunked and says the UK needs a housing debate which looks beyond getting people onto the property ladder and involves everyone from local councils to builders, MPs and landlords.

The charity say that while for many people buying their own home is a positive decision, for thousands of people in County Durham the ‘nest egg’ is becoming a millstone around their necks.

Full story : http://northstar.boards.net/thread/145/durham-owning-own-home-nightmare