From 1970 to 1997, the average full-time earnings grew at roughly the same pace as housing prices. But since then, while average earnings have grown by 27%, housing prices have grown in real terms by 121%.
Given the lack of wealth younger people have to use as collateral for a loan, this has meant the amount of savings required to afford a deposit for a home loan has exploded
http://www.theguardian.com/business...t-to-be-angry-at-baby-boomers-share-of-wealth
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