No more surplus wages derived from labour for landlordasites to extract!

[chem1st]

http://www.moneysavingexpert.com/news/banking/2011/12/bankruptcy-light-hits-young-people?utm_source=forum&utm_medium=sidebar&utm_campaign=box

 

The "bleak" financial situation faced by the younger generation was laid bare today, as official figures showed that more people aged 25 to 34 are turning to a type of insolvency known as a debt relief order (DRO) than any other age group.

 

They haven't got enough money to live, and the ones you thought that did, were relying on debt.

 

They can't pay the rent with credit cards forever don't y'know.

 

http://www.moneysavingexpert.com/news/mortgages/2011/12/rising-number-in-rent-arrears?utm_source=forum&utm_medium=sidebar&utm_campaign=box

 

The number of people in rented accommodation who are in severe arrears has reached its highest level in three years.

 

According to the latest figures, there are 78,970 tenants in England and Wales who are at least two months behind in paying their rent, nearly 11,400 more than this time last year.

 

People just can't pay the rent!

 

Landlordasites hoping to extract money from the poor are going to struggle, there just isn't any money there Scotty!

 

And to boot, their LHA is being cut cut cut.

 

Getting a big dirty mortgage in the hope some poor person would pay your mortgage for you (using state support if necessary) and buy you a house, which you could then call a 'pension'. Well, it doesn't seem like such a good idea now does it.

 

Let's hope the bankruptcies and repossessions can speed up this year, and that people are forced to invest into production, businesses and jobs, so that we can have rising living standards once again.

 

We could invest in building affordable housing, providing affordable services, making new things.

 

Instead of buying the same thing over and over again and hoping it rises forever in value.