Report Affordability protests in House prices and the economy Posted October 9, 2004 Currently there has been an overdemand in the housing business. But wait a year of so and things will be different, I bet you wont hear that Firemen Teachers and so called key workers are griping they cant get onto a falling market. In the real world, nobody is owed a living. The firemen and the Teachers earn a decent wage, in fact in many cases more than decent. In the last recession there was ample opportunity for so called key workers, Government employees in the securist jobs in the land to buy property at knockdown prices. The truth is, they didnt and the reason is simple. They were not looking for just a roof over their head, they wanted a cast iron appreciating investment. I have no sympathy for them whatsoever, in the good times they complain they are not earning enough, yet you wont see them crying when private companies are laying off staff and they are getting inflation bustin pay rises. Property will always be a commodity to be bought and sold, if it wasnt we would all rent and give up going to work. I think the biggest problem with the whole situation is that the Governments have sold off the Council Houses, as I do believe that there are people who just dont have Lady Luck shining on them when it comes to education and jobs. These people and they number few need a safety net and council housing supported this ideal. The council house investement had long since been payed off and the councils owned them outright, therefore they were an appreciating asset for the community at large and actually generated an income for loca government over and above the maintenance costs. A particular example of this is Hospital Accomadation, in the old days a student nurse was paid a measely wage but had accomadation thrown in thus making their chosen carreer affordable, as was the case for many doctors. The Government has allowed this accomadation to be sold off for short term cash gains, yet now pay the hefty price of this short sighted approach as Student Nurses and Doctors cannot afford to pay commercial rates of rent. This has led to British citizens leaving the profession and the hospitals having to poach third world doctors and nurses from abroad, further complicating matters abroad for those countries that invested their last pennies in a health service. In essence, there has been gross mismanagment of this countries assets for over 20 years, and this is no suprise as we are governed predominately by Lawyers a profession that is steeped in history when it comes to ripping off Joe Public.