Wednesday, Nov 29, 2006

Affordable Housing; On Starkey's last word

Starkey's last word, More4: Affordable Housing

Originally broadcast on 24th Oct, but missed by the HPC bloggers.

Posted by doomwatch @ 01:36 PM (491 views)
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1. paul said...

She made the best point I've heard so far - the average age of the FTB has climbed to 34. If they do manage to buy a tiny flat, when exactly are is she meant to go about "settling down and having children"?

Watch the population stats slump as couples can't find family homes.

Wednesday, November 29, 2006 09:10PM Report Comment

2. nearly30 said...

doomwatch - cheers for the article.

Good points raised. It all goes hand in hand with all the anti-20 something policies and lack of political intervention on serious issues cropping up at the moment.

Education / Training
Minimum-Wage (age-bias)
Movement towards contract working (employment instability)
Raising unemployment (esp. the young and male)
Rise of part-time / low-paid working

** 20 Somethings will soon be paying equivalent of 50% tax - becuase of their situation

Basically - a cyclical process of under-achievement (the 'Boomerang Generation') feeding low investment and life choices for many.

How that will affect society and future families is anyones guess - but not a positive thing.

Wednesday, November 29, 2006 10:17PM Report Comment

3. monty said...

Great Scott! And that's all because of high house prices, clearly the fifth horseman of the apocalypse! If only I'd known sooner I'd have written to my MP. What utter piffle.

As I have mentioned here before - my parents were 39 when they bought their first house having borrowed money from my grandparents for a deposit (gasp!) That is the house I grew up and they still live in. They owe peanuts on the mortgage, most of it having been eroded by inflation over 25 years.

My grandparents had an altogether different bricks 'n mortar experience. They got their fingers burnt as a young couple on their first home. My grandfather was transferred and had to sell at a loss after having spent much money and energy making it a home. They never bought again and lived out their days in (gasp!) rented accommodation. A missed opportunity, some may say, but my grandfather remained an avid investor in the stock exchange (not trusting pension funds either) and certainly didn't die in penury.

The panic to get onto the "ladder" would be laughable if it weren't so sad. Is this the Thatcherite hangover?

Thursday, November 30, 2006 05:04PM Report Comment

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