Pretty much the same thing happened in the UK where Reagan’s BFF Margaret Thatcher did pretty much the same thing in terms of weakening unions and pensions and entitlements have got progressively worse. House prices have leapt in comparison with far more modest wage increases since the 1980s meaning fewer younger people able to get on the housing ladder. The financial crisis of 2008 (did watching the Big Short make anybody else as angry as it did me seeing how bankers just got away with essentially stealing from taxpayers?) meant that mortgage lenders tightened their criteria and has led to a ludicrous situation where people are being told that although they have been diligently paying rent of £900 per month for five years, they couldn’t possibly afford a mortgage of £700 per month. It is outrageous that younger people are good for paying landlords’ mortgages but not their own.
Pretty much the same thing happened in the UK where Reagan’s BFF Margaret Thatcher did pretty much the same thing in terms of weakening unions and pensions and entitlements have got progressively worse. House prices have leapt in comparison with far more modest wage increases since the 1980s meaning fewer younger people able to get on the housing ladder. The financial crisis of 2008 (did watching the Big Short make anybody else as angry as it did me seeing how bankers just got away with essentially stealing from taxpayers?) meant that mortgage lenders tightened their criteria and has led to a ludicrous situation where people are being told that although they have been diligently paying rent of £900 per month for five years, they couldn’t possibly afford a mortgage of £700 per month. It is outrageous that younger people are good for paying landlords’ mortgages but not their own.
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Pretty much the same thing happened in the UK where Reagan’s BFF Margaret Thatcher did pretty much the same thing in terms of weakening unions and pensions and entitlements have got progressively worse. House prices have leapt in comparison with far more modest wage increases since the 1980s meaning fewer younger people able to get on the housing ladder. The financial crisis of 2008 (did watching the Big Short make anybody else as angry as it did me seeing how bankers just got away with essentially stealing from taxpayers?) meant that mortgage lenders tightened their criteria and has led to a ludicrous situation where people are being told that although they have been diligently paying rent of £900 per month for five years, they couldn’t possibly afford a mortgage of £700 per month. It is outrageous that younger people are good for paying landlords’ mortgages but not their own.