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Inter generational fairness
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In regards to the housing in the 1950s and 60s. There was no natural gas central heating or it was just starting to be available. The normal way of heating a house was with coal or coke fires. The coal man came and delivered coal that had to be paid for without the use of a credit card. So the cash had to be available saved from wages. You didn't get a fitted kitchen with appliances included. You had to buy the appliances and if you were lucky you could afford a cooker. Most people could not afford a washing machine you washed clothes by hand. Many people did not have a fridge. You had to buy your own carpets and curtains. Many people made curtains. Floor coverings were not included. Hire purchase was available if you could afford the payments Most people could not afford to buy a car. Some people bought cars using hire purchase but most people only bought something if they had saved the money first. There was very little credit available so if you wanted something you had to be able to pay for it. Phone bills were expensive so you didn't use the phone in the day to talk to friends you called them after 6pm when the rates were cheaper. People had to go without "things" in order to save to buy a house.
I am fairly sure that if many of the people today lived the way that people did in the 50s and 60s, using public transport, cheap phone calls which might today be a mobile phone on pay as you go, no television, no washing machine, no fridge (fresh food only cooked at home.) Turned off the central heating and wore more clothes. (What do you think a house coat was?) made their own clothes, made their children's clothes or got clothes from friends whose children had out grown them they would be able to afford to buy a house. People did not go abroad on holiday. They used to go to stay with relatives in a different part of the country or go to the local seaside resort for a week.
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But we were appy'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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