40 year mortgages, a great cheap way to keep the people compliant

[NorthernRaider]

The American sub prime fiasco shows us the absolute worst aspects of controlled low wages but uncontrolled house prices, just reading that is is finally affecting Vancouver island now where even professionals cannot afford homes as rich Chinese drive up house prices, even in Eire entire communities of new homes lay empty because no one can afford them. But the UKs south east is the worst of the lot with an already established shortage of 3.2 million homes but 300,000 migrant families arriving each year who drive up rent and house prices and pull down wages. This is not a GOOD BAD Tory / Labour thing this is a major system wide cultural disaster compounded by ALL of the main parties. I've just read of qualified doctors being unable to afford homes in the Greater London area. This is a worst case prepping scenario in the making.