Homeward Bound

Many young Brits tend to flee the nest at the tender age of eighteen to begin a new chapter at University.

This new found freedom can be a shock to the system for many reasons.

Mainly because their pile of dirty laundry stops magically working its way into the washing machine and back onto their hangers within a day...

But once the penny drops, the liberty of being able to do whatever you want, whenever you want is a glorious realisation.

However, after three years of late nights, greasy takeaways, and rarely washed bed linen; the reality for most is the post-University debt forces people back under their parent’s roof.

Now don’t get me wrong, being catered for and having hot meals put on the table on a daily basis is the easy life. But when your mother starts hassling you to tidy your room then the cracks begin to show.

But for most, there is no choice but to grin and bear your parent’s rules in order to save, save, save.

Affordable housing is a hot topic within the political agenda at the moment. And with recent figures indicating a 97% decrease in new property builds in comparison to this time last year; it’s no wonder the 1.8 million households on the waiting list for social homes are beginning to get rather twitchy. 

It’s fantastic that the government are wanting to invest £400m into 16,000 new homes but what is their idea of affordable? Because as it stands, homes are not very affordable in the slightest.

‘Impossible’ springs to mind when first time buyers are trying to scrape together a minimum deposit on a matchbox sized property.

And this is largely due to vast price and tax increases that are not being matched by wages.

So until wages reflect the current economic climate, people are going to be stuck in this never ending spiral of debt. This of course is not helped that British banks have no money either... 

So if we don’t earn enough and banks are struggling to lend us the cash, what’s the solution? Learn to grow money on trees of course!