THE MAIL'I am part of the most selfish generation in history and we should be ashamed of our legacy,' says Jeremy PaxmanBy Jeremy Paxmanhttp://www.dailymail.co.uk/news/article-2055497/JEREMY-PAXMA......The truth is, the Lucky Generation are in authority and have been for years now.Between us, we have been on the first binge known to science in which the hangover was inherited by our children. Take the example of housing. The soaring cost of putting a roof over your head is surely one of the most unattractive — and pernicious — characteristics of the past 40 years. And yet for decades the media have reported a rise in house prices as being somehow a cause for celebration and a fall as a bad thing.But the consequence of this obsession — and the borrowing that made it possible — was to destroy the relationship between property prices and wages: housing is now so far beyond the reach of many young people that significant numbers doubt whether they will ever be able to buy decent accommodation. The only explanation for the nation’s obsession with property prices is the Baby-Boomers’ smug conviction that, having entered the market, the only thing they need to do to become wealthy is to sit on their backsides.And who can blame them? ...
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