The impact of such unsettlement on families is catastrophic in many cases. The hassle of selling and buying on disadvantageous terms is one thing; the disruption of schooling, if the family moves successfully, or of family life, if the breadwinner moves out leaving the rest of the nuclear group where the mortgaged house remains, is another thing, painful and often unbearable. The steep rise in executive and professional unemployment during the long slump has aggravated matters.
It is as if the Thatcherite desideratum of 'a property-owning democracy' has been deliberately sabotaged by the Thatcherite pursuit of business and professional efficiency, which turns out to be cruel to people and to promote social instability.
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