‘I’m sick of fat cats who want to pull up, and nail shut, the drawbridge behind them’

• I AM writing to express how honestly sickened I am by the letter (A £1million home does not turn us into fat cats, October 13).

The writer states that they own a nine-room home which, when they bought it in the late 1950s, they rented out a few of its rooms “to pay the mortgage and utilities”.

The property was bought in 1959 for £2,750 when the average manual wage was £686. This then was four times the average wage.

The average wage in London for the under 30s is now just below £30,000. There­fore the £1.5million home cited in the letter is 50 times the average wage.

My generation is doomed if these fat cat deniers fail to realise how lucky they were and how doomed my generation is.

I am a 28-year-old renter. No bank is going to give me a mortgage for a nine-room house in Camden for £1.5million even if I could rent out a few of the rooms to “pay the mortgage and utilities”.

I’m sick of fat cats like your letter-writer who want to pull up, and nail shut, the drawbridge behind them.

LIAM HENRY
Camden Street, NW1