One in Ten Mortgage holders in Norwich Are in Negative Equity

Thats what it says here

After twelve years of Labour financial incompetence, and thirty years of its an investment not a home, we have got to the point young people cannot afford to buy a home of their own, people are paying mortgages that are far in excess of the value of the house and there is no money to build social housing.

Food and shelter ate the two most basic requirements of human beings, our food supply is in the hands of monopolistic supermarkets who are killing off farming (thats another story) and our housing is likewise supplied by the large monopoly house builders.

It is as true today as it ever was that if you restrict the supply of something its value goes up. Same with Housing the State has imposed artificial restrictions were you can and cannot build. Net result the large disconnect between agricultual and land with the Golden Planning permission. The Net Net Result is that houses are hugely unaffordable in relation to salaries.

The LPUK advocates sweeping away these artificial controls, this will allow houses to become affordable, and stop vast swathes of the population becoming mortgage slaves to frightened to stand up for their rights and freedoms, in case they lose their job, and their houses.

In the Middle Ages they called this bonded serfdom, well done Labour, you have managed to reintroduce serfdom and create a new class of 'nobility' like Mandelson.

The Housing boom and bust (sorry Gordon I know you had abolished this) is directly the result of interfering with the market.
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