A national newspaper has recently warned
of the possible demise of the British middle classes. The author notes that:
Today, many people are starting to
realise they will probably never enjoy the comforts their parents took for
granted.
The author looks into a number of issues, all of which have some relevance, but he ignores the critical factor of open door immigration.
In 1970 a young school teacher settled in
a small provincial town and bought his first ever house. The comparable house today would cost in the
region of £160,000 – probably more. I
wonder how many young one-income families could make such a purchase today.
The population of the United Kingdom is
increasing every day, due in large part to immigration. This inevitably creates more demand for
housing, and so house prices tend to increase.
This increase could be prevented if more houses were built to meet the
increased demand, but this is not happening.
Also, such new houses that are built are often very small.
Many working people in this country will
come under financial pressure at some time or another, and for a wide variety
of reasons. Fluctuations in the state of
the economy determine the number of people with jobs, and also the level of
salaries. Changes in demand for products
like metals and mineral oil in other countries can impact on the cost of living
in this country.
Nevertheless, as far as
the cost of buying a house is concerned, the trend will remain detrimental to
the middle class dream – at least until we elect a government that will put an
end to immigration.
Don’t expect that ever to happen though. The communists will continue to rule the British people with an iron rod. (Feel free to prove me wrong.)
Related previous posts include:
Micro-life
Related previous posts include:
Micro-life
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