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The damage that's coming down the road is in the rental sector and the way it traps young people in particular.

You're starting to get a property owning cohort who want to kick the ladder out. The buy ot let market then becomes theirs to milk. The younger generations find themselves working to hand money to rapacious landlords for what? You can hardly blame the poor work attitude in some of the lower paid tertiary sectors really.

Ultimately house price inflation has to surface in wage rises with all the erosion that involves of productivity and loss of competitveness. It's one of the reasons why in work benefits have increased as the government has sought to subsidise employers wage bills by relieving them of the burden to pay housing linked pay rises.

Long term, it's a suicidal economic policy

[QUOTE="Warbler, post: 2518833, member: 65228"] The damage that's coming down the road is in the rental sector and the way it traps young people in particular. You're starting to get a property owning cohort who want to kick the ladder out. The buy ot let market then becomes theirs to milk. The younger generations find themselves working to hand money to rapacious landlords for what? You can hardly blame the poor work attitude in some of the lower paid tertiary sectors really. Ultimately house price inflation has to surface in wage rises with all the erosion that involves of productivity and loss of competitveness. It's one of the reasons why in work benefits have increased as the government has sought to subsidise employers wage bills by relieving them of the burden to pay housing linked pay rises. Long term, it's a suicidal economic policy [/QUOTE]

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