Thursday, Dec 22, 2016

Remember this next time you watch a property investor TV show

Guardian: Home ownership among 25-year-olds in England and Wales has halved in 20 years

"It must recognise that a renaissance in housebuilding by councils will be crucial to helping ensure the mix of homes to rent and buy that are affordable for those people that need them."

Posted by quiet guy @ 01:24 AM (5888 views) Add Comment


1. libertas said...

This is in part due to them going to University until 22yrs old and coming out with huge debts. Alternatively, in many parts of the country, you are better off leaving school at 16, getting a house deposit gift there and then and buying a studio flat in a cheap side of town. By 25 you will be in a 3 bed home. University works for those getting good jobs but for those studying media, etc. and not earning or being a Deliveroo man, its just rubbish.

Thursday, December 22, 2016 08:13AM Report Comment

2. libertas said...

We are still suffering from New Liebour policies in this respect with the Stalinist central planning objective of 50% of youth going to university.

Thursday, December 22, 2016 08:14AM Report Comment

3. i remember the 90`s said...

@1, Yes uni debts have a small part in it but no one can deny house prices are far too high we had a recession but without the usual house price correction that is the problem .

Thursday, December 22, 2016 09:13AM Report Comment

4. libertas said...

And of course the elephant in the room OUT OF CONTROL IMMIGRATION.

How in God's name can Council's build enough to satisfy demand when they have no idea how many people are coming in?!

Thursday, December 22, 2016 09:39PM Report Comment

5. icarus said...

@1 and 2. "Education" at all levels was free under Stalin, so no student debt. It also emphasised narrow, specialist courses for future functionaries rather than a broad, open ('media studies') approach.

Friday, December 23, 2016 04:19PM Report Comment

6. libertas said...

Icarus, general taxation covered education right up until Blair opened up our borders and our welfare state moved to focus on new comers alongside being funnelled into funding the Iraq war. For the record, I would have supported tuition fees had it combined with tax cuts for workers so as to be a tax neutral event, but the reality was that we all got scammed. It really is as simple as that.

Friday, December 23, 2016 09:08PM Report Comment

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