THE SLOW CULLING OF THE WORKING CLASS

White working class

What you are witnessing is the slow culling of working class children, who will never be able to afford a mortgage for a house, or the high rents demanded by speculator-landlords, which are fixed on an inflated value of property.

Their future is to wipe their parent’s arse.

When people believe that the value of their property is rising, it is only this case if someone can be found to purchase their property by taking on more debt than they did.

It is like having a 14lb baton that on every lap of of a house sale doubles its weight, sooner or later there will not be any buyer than can carry that burden. Some will attempt to do so through assistance schemes concocted by governments to keep the illusion that the first step on the property ladder is not broken, but, as interests inevitably rise from a false ceiling imposed by governments (to encourage people to take on debt, and make banks fat profits), it will be more a case of ‘down the snake’ than ‘up the ladder’ for many.

The recovery of the housing market is being built on a false foundation.

The pretend-recovery does not concern the children of the working class.

A typical first-time buyer home costs £211,000 (Office for National Statistics (ONS), with the average buyer making a deposit of 17%, equating to £175,000 being borrowed, meaning a repayment to blood-sucking banks of over £500,000 over the lifetime of the debt; thus you do not own a house worth £211,000, as a £290,000 debt is attached to it.

Some lenders are willing to lend up to 4.5 times a first-time buyer’s salary, so they need to earn £38,917 to qualify for a loan. This ratio, itself, is unsafe in historical terms.
Yet, according to HM Revenue & Customs, 20 to 24-year-olds on average earn £16,400,stacking shelves, or flipping burgers, with 25 to 29-year-olds averaging £22,700. These figures do not take into account differences in social class, as the sons and daughters of the Eton elite fair considerably better than the working class. How on earth is the average Joe or Johanne going to double their earning to qualify for a mortgage, or be able to pay mortgage payment equivalent in rent?

Even with the government schemes allowing buyers with only a 5% deposit (dangerously low in historic terms), that would still mean the working class youngster having to find a £10,550 deposit (5% of £211,000), and having to earn £44,500 to qualify. Fat chance for most. This is the lie of student debt for most of the working class, who do not achieve a high salary – their debt further prohibits them from getting a mortgage or renting a property.

‘The most’ are forced to live with their parents (the average age of first-time buyers in 2015 is 31), with some being trapped in this scenario untill their parents become ill and need nursing home care, which the neo-conservative ideologues running the Uk would like to be paid for by private insurance. A perfect solution awaits. We will not take away your parents house to pay for their care, you can inherit it just as Eton boys and girls do, but in your case you will have to wipe your parents arse.

No house. No partner. No Children.

THE SLOW CULLING OF THE WORKING CLASS.
lenin nightingale 2015

Advertisements

About leninnightingale

A nurse who for decades challenged the nursing establishment, echoing the voices of the silent many- the downtrodden nurses, students, care assistants, patients, and relatives that the 'system' overlooks. This site will present issues that many fear to engage in, prefering to believe what they are told by the Government's 'Ministry of Truth' (i.e. 'Lies').
This entry was posted in forced to care for elderly parents and tagged , , , . Bookmark the permalink.

2 Responses to THE SLOW CULLING OF THE WORKING CLASS

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s