Who's getting rich from your mortgage?

"as we go forward this increased size of mortgage is going to be the primary way in which we see the wealth of the middle class decline especially here in the UK"

"there will be less direct owning of property by ordinary families"

"what you will see increasingly is the government need need to keep people owning property politically... to encourage rich people to lend that money and that money gets borrowed eventually by Ordinary People"

"governments will see the only way to keep Ordinary People in houses is to encourage high levels of lending high levels of mortgages to do things like reduce the checks on mortgage eligibility to encourage things like longer term mortgages to encourage things like multigenerational mortgages"

"your kids will have larger and larger and larger mortgages they will have larger and larger amounts of debt you know it's already normal for an ordinary person to have half a million pound of debt in a mortgage that will become one million that will become 2 million and that means that your kids and your grandkids will end up with mortgages that they can never ever ever repay"

"the rich... can use that interest to push house prices up even further and I'll compete your your kids for the assets that they need"