Labour Home Ownership plan

Labour has announced plans to increase the level of property ownership in the UK from 70% to 75%. I can't help but think to myself that Gordon only wants a "home-owning, wealth owning, asset-owning democracy" so that he can tax it. Owning your own house may be a pleasure, but as The Economist pointed out recently (Subscribers only), for the average First Time Buyer (FTB), it is now cheaper to rent than to buy, particularly as the average FTB moves after seven years. Wanting to increase homw ownership can also act as a brake on economic growth as it reduces workforce mobility.