The author was born in September of 1963. writer who was just turning 26 was about to start his first job after having graduated from university. With no savings, and a pay of PS1750 per year, he was looking to buy a three-bedroom house for PS4950. At the time the building societies offered 25-year mortgages for 2.5 times annual wages The purchase could be considered feasible with the deposit of PS500 could be made blue world city. A bank application obtained a personal loan to deposit the money and the deal was approved. The process was simple and efficient, quick, and, thankfully, accommodating to the needs of families with young children as well as first time buyers. Everything has changed since this century of 21st Century.

The British Government recently unveiled a new program to accelerate the building of houses. In the past, the pace of building in the UK has been far in comparison to the demands of the populace. The cost of housing has risen dramatically and the shortages of homes have taken advantage of by the landlords as well as other segments of the real estate industry. In the same time however, wages increased slowly , but then slowed down and left a scenario in where mortgages, if they're available, have to be 10 times the annual salary. The first-time homebuyer has to struggle for years to save money for a deposit, while renting out their homes to tenants who have more difficulty obtaining financing to purchase rental properties. The majority of people of people, the age at which a buying a house is rapidly slipping into middle age , or even becoming impossible.

There are a variety of reasons for the current situation to be in a state of decline. The current government blames property developers who get permission to plan land that is then used to profit from the rapid appreciation. Local authorities are accused of not taking a tougher line against developers and requiring them to construct more affordable affordable homes. The town and county councils respond by claiming that they have been denied funding which previously allowed them to construct public-owned housing that could be rented at affordable rates. The influx of immigrants, particularly coming from European Union, is also reported to be putting more tensions on housing markets. Everyone is quick to blame others , but are hesitant to acknowledge accountability or take any steps to improve the situation.

One of the most troubling aspects of the current situation is the solitary nature of young buyers who are aspiring to buy homes. When the writer was planning out in 1963, there was a sense that the society was keen to provide opportunities to its young people and there was a lot of goodwill within the various institutions that helped to achieve a positive outcome. The most important feature of those times is the construction society, which was a non-profitcooperative which acted in the best interests the members. Building societies were largely transformed into banks by the late 1990s, and mortgage applicants discovered that the focus had changed away from the need to assist young families to locate homes, to generating profits to bank investors. Two generations of a self-serving populace have allowed this plight to develop and the return of humanity's ability to provide for the next generation is long overdue.