I am a mother to 3 children, all in their mid - late teens, and a whole bundle of DN who are out of uni and are working.
The common complaint most of the DN who are working is how difficult it is to get into the housing ladder. These are bright, motivated and hardworking people.
One DN is in her late 20s and is working as a teacher, with a net pay approx £2.5k - gross is £43k but after tax, student loan and pensions. After rent, bills, food etc she has approx £700 to save towards her deposit.
Even a basic flat in around her area will set her back £350k which will be a struggle.
This leads me to my next question, if ateacher cannot afford a basic flat in London, who is living in London? People who purchased their house 20 -30 years ago?. Where are London's police officers m, nurses, teachers etc all going to live?