The BBC gets no prizes for insight in suggesting that absurd house prices are creating an underclass (it gets scorn for the phrase "house price inflation had fell", too).
RICS chief Louis Armstrong said: "A housing underclass is being created and its numbers are swelling to include people who traditionally would have been able to purchase their own home.
I'd never really thought about the interaction of student debt and the ability to buy a house. It's certainly having an impact on me, and predictions are now that with top up fees, students will be leaving University on average £30,000 in debt. I don't know the details of our esteemed government's plans for the repayment of this, but if it involves repaying as soon as one has a worth while job (whether through an additional education tax or through loan repayments) then it will cripple graduates right when the biggest difference can be made to their future situation.
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