A youth by the name of Mark Asciak took to social media with a somber post concerning the sky-rocketing property prices and the prospects of having a future in Malta.
Mark started his post by stating that he is not used to voicing his opinion, saying that he has felt politically irrelevant. However, he found it too difficult as a teenager and as a Maltese citizen to say nothing about his immediate context.
He urged readers to momentarily set aside the critique of a ‘lazy generation’ and look at the actual Maltese situation when it comes to purchasing property and living an independent life.
How can a budding youth leave the comfort of their parents’ home when there’s an economy completely cut off from their lived experience, he asked.
‘According to a report by the NSO published this year, the annual average pay in 2020 was €18,913. […] Do I have to elaborate over the disproportionate and disgusting gap between wages and property prices?’
‘A lone person who wishes to get a loan to buy property with that wage can – according to Home Loan Calculator – acquire up to €132,000, with a deposit of around a year’s worth of wage. With these figures, the loan is paid off in no less than 40 years.’
‘If this is not deemed a social problem, then we have no idea what it means. A social issue is one which places pressure on a group of people in society. […] government after government, red and blue, ties and bow-ties, the private investor was allowed to wreak havoc and fatten their pockets.’
‘So dear Government and Opposition, give the youth an ear. We are swimming against a very strong current. Take action and help us because we need you. Help us.’