Housing

minimalist photography of white and gray condominium

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In Germany for housing, the percentage cost of income is 27% and in Britain its 40%. Additionally there is a corrolation in that the higher the percentage of home-ownership, the higher is the amount of unemployment.

The combination of home ownership with a lack of homes for rent pushes up the housing cost and increases immobility. It increases the cost of living and reduces the quality of life through a need to have long commutes to work through public transport because home owners are stuck in their homes and have to commute to work. Especially the sale of many council flats increased social immobility and increased the cost of housing and reduced the availability of homes for rent.

In Britain renters stay in their homes for about 4 years and in Germany for around 11 years.

Britain is obsessed with home ownership.

Additionally real wages have fallen by 6%.

Yet the government created this red herring Brexit that is supposed to solve all the problems. One of the new Conservative candidates, Dominic Raab, threatens to shut down parliament to circumvent the democratic process and create a no-deal Brexit. Brace yourselves.

Britain is getting poorer under this government.

Source Politics Live, 6/6/19

BBC ‘High rents make young people less mobile’

BBC Through the wealth gap, the proportion of second home-ownership amongst the wealthiest has risen, whilst the average person is kept out of homeownership.

 

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