£1.2tn given to old from young

Really2

Graham_Devon wrote: »

GRRRRRR!

No, its NOT!

Yet another over exagduration to make a stupid point. I don't think anyone espects a 3 bed home to live in as a couple.

So 9 years ago I purchased with no child, all my friends purchased in the last 9 years never had children before purchasing.

The average age for having a child I think is some where near 30 much the same as the average owning age.

If people did not say we deserve decent size houses like they had 40-50 years ago ( and I had a 1960s semi and it was small and !!!!!! so it is not true their housing was big) perhaps people would not think the current generation want it now.

The truth is it has never been cheap to have children and purchase but it has always been easier to purchase before starting a family (well in the last 40 years) simply because you can afford more on paper.

We have seen many on here want to buy a 3-4 bed and be single so don't try to say it does not happen.
If you are thinking of having family it is sensible to buy the biggest house you can afford and run to suite what you want to do.
But no one has a right to what the past had, they had it harder than us no doubt about it. (in general terms)

Emy1501

StevieJ wrote: »

Interestingly when I bought a house in the days when houses was oh so cheap :rolleyes: some couples were choosing to share a mortgage with other couples to 'get on the ladder'

I doubt anyone is suggesting they were cheap. My experience is though that they were affordable. ie someone doing a reasonable job could get a 2/3 bed terrace for 3-4X wages. Now at the bottom of a crash we are talking about expereinced teachers etc being able to afford at best a 1-2 bed flat.

The simple facts are wage inflation has not carried on in line with house inflation. It not really possible for it to continue like that whether we like it or not.

Really2

StevieJ wrote: »

That was nothing :eek:

There were ten in a bed
And the little one said
"Roll over, roll over"
So they all rolled over
And one fell out

So was sent down pit.

ukcarper

stueyhants wrote: »

However the current generation (Boomers and their Children) are the NIMBYS preventing planning and building of new homes.

Prove it's just babyboomers plenty of developemet around me

Graham_Devon

julieq wrote: »

The reason the babyboomers had access to cheap homes was the same as there was a baby boom: there had just been a World War which had killed millions of people, following on from one just 20 years previously which had also killed millions of people.

That cleared any supply/demand issues.

This doesn't work with the owner occupied argument thats used so much.

I keep getting told most were not owned back then, so clearly what you have said isn't quite right.

Emy1501

Really2 wrote: »

So 9 years ago I purchased with no child, all my friends purchased in the last 9 years never had children before purchasing.

The average age for having a child I think is some where near 30 much the same as the average owning age.

If people did not say we deserve decent size houses like they had 40-50 years ago ( and I had a 1960s semi and it was small and !!!!!! so it is not true their housing was big) perhaps people would not think the current generation want it now.

The truth is it has never been cheap to have children and purchase but it has always been easier to purchase before starting a family (well in the last 40 years) simply because you can afford more on paper.

9 years ago house prices were more affordable than they are

Graham_Devon

Really2 wrote: »

If people did not say we deserve decent size houses like they had 40-50 years ago ( and I had a 1960s semi and it was small and !!!!!! so it is not true their housing was big) perhaps people would not think the current generation want it now.

You are taking things out of context yet again.

I don't believe anyone has said they "deserve", whether you bold it or not.

A lot of people HAVE argued about the quality of new homes, and I believe that is a fair argument, but I have never seen "we deserve", at all.

StevieJ

stueyhants wrote: »

I don't have a mortgage at present. I sold up a few years ago (not to benefit from HPI but just moving areas temping). I'm looking at buying and trying my hardest to finance my next move based just on my income and it's proving difficult. I'm in my low 30s but my partner is slighlty older so we will be having kids soon hence why I only want to consider my salary.

Its scary how you very quickly become the "current generation"

Not to benefit, but I assume you did I hope you didn't blow all that profit

StevieJ

julieq wrote: »

The reason the babyboomers had access to cheap homes was the same as there was a baby boom: there had just been a World War which had killed millions of people, following on from one just 20 years previously which had also killed millions of people.

That cleared any supply/demand issues.

Not to mention a huge public building programme.

mbga9pgf

chucky wrote: »

really!? are you sure that was in the UK?

mortgage interest rates didn't go below 5% until around the year 2000.

Check Rates in the 50s and 60s