Generation Whine

ILW

sjaypink wrote: »

I don't even know why this has come down to whether you are likely to be stabbed or mugged?

My parents first home was a 3/4 bed terrace in a nice-ish area. They bought it when they were 21 & 23, with no financial assistance from elders & in pretty standard jobs. All aunts/uncles/ family friends of that age bought houses too. Don't even know if there were really any flats around here at that time?

Yes they sarificed - I've heard all the 'no sofas just deckchairs for 3 years' & 'we only became cat people due to the mice running along the mantlepiece' etc etc, but to suggest anyone who can't afford somewhere is expecting too much & should move to a complete dump is way out!

What do you mean by pretty standard jobs?

Oldernotwiser

ukcarper wrote: »

I think people don't realise how fast house prices increased in the early 70s. I bought my first house in 72 in was a new build 3 bed. I bought it in April for £8000, the first houses on the street were £5350 at the end of 71 and the last ones were nearly £11,000 at the beginning of 73, that’s a big jump even with 15% inflation I would have had no chance of buying then.

Same with me. When I started my first proper job in 1971, a one bed flat in the area cost 5,000, a year later it cost 10,000.

sjaypink

ILW wrote: »

What do you mean by pretty standard jobs?

To be specific? Then a (recently finished apprenticeship) plumber/ heating engineer & a newly promoted shift superviser at the local supermarket (was checkout girl)

A._Badger

Malcolm. wrote: »

People of the previous generation to me, who do the same job, could purchase a good 3 bedroom home in Surrey on single income. Today, it takes a joint income to afford a similar home.

Based upon this, it seems to be more difficult for the young of today (in terms of buying a home).

More difficult in your area, more difficult in your trade or profession. But times change and the numbers are open to wide interpretation.

For example, when I bought my first flat there were no IT people (the job didn't exist) and that tends to be a better paid trade than many of my contemporaries with similar backgrounds could have aspired to. So the comparison gets more difficult the deeper you explore it.

In any case, the complaint seems to be that it is nigh-on impossible for youngsters to buy a home. Clearly, it isn't in, but they may have to make some sacrifices due to the times we live in.

Good job they weren't living during WWII in that case, isn't it? I know I'm damned glad I wasn't!

ILW

sjaypink wrote: »

To be specific? Then a (recently finished apprenticeship) plumber/ heating engineer & a newly promoted shift superviser at the local supermarket (was checkout girl)

Going rate for qualified plumber now around £40k
Going rate for shift supervisor now around £18k
Combined £58k income would get a mortgage of around £180k.
That will buy a two or three bed house in most regions ( if not the best areas)

the_flying_pig

ILW wrote: »

Going rate for qualified plumber now around £40k
Going rate for shift supervisor now around £18k
Combined £58k income would get a mortgage of around £180k.
That will buy a two or three bed house in most regions ( if not the best areas)

(a) "Going rate for qualified plumber now around £40k" - er no. £40k is very, very, close to top whack, most likely to be attainable for very experienced and/or central London and/or gas & heating engineers. the majority are on less than £30k.

(b) Average house prices are a greater multiple of earnings than at any point in history. The stats don't lie. Many people can afford to buy, yes, obviously, but more could in the boomers' day. It's just a fact.

sjaypink

ILW wrote: »

Going rate for qualified plumber now around £40k
Going rate for shift supervisor now around £18k
Combined £58k income would get a mortgage of around £180k.
That will buy a two or three bed house in most regions ( if not the best areas)

:rotfl: I really don't think so. My best friends brother is doing pretty much the same job (via the same entry- apprenticeship) as my father and is on about £26k. I also know the previous assistant manager of the very same supermarket - left a couple years back (& it has expanded a bit in those 30 years) & he was on £18k.

TBF BFs brother and his girlfriend have also bought a 3 bed terrace (although in their late 20s rather than early 20s) a few streets away from where I was born, so it is still possible to buy a place around here.

My point was that it has not always been the case that FTBs have always started out in grotty flats in horrid areas - it is simply not true, despite what a few older posters on here would have us believe

olly300

sjaypink wrote: »

My point was that it has not always been the case that FTBs have always started out in grotty flats in horrid areas - it is simply not true, despite what a few older posters on here would have us believe

I know. My parents and quite a few of my school friends' parents wouldn't have been able to fit us into the properties otherwise.

I still remember when one of my school friends' invited me around to their new house her parents just brought. Her parents were young parents.

A._Badger

sjaypink wrote: »

My point was that it has not always been the case that FTBs have always started out in grotty flats in horrid areas - it is simply not true, despite what a few older posters on here would have us believe

Well it was certainly my experience of living in the (always expensive) SE of England. I didn't now a single person who began home ownership with a house. Things may have been different in other regions, of course.

sjaypink

A._Badger wrote: »

Well it was certainly my experience of living in the (always expensive) SE of England. I didn't now a single person who began home ownership with a house. Things may have been different in other regions, of course.

I guess maybe in London.
I don't live in London/ SE -although in a relatively expensive area.

I honestly don't think there were ever even flats here prior to 1990 (nor rough areas)

Don't know about oop'North but guessing people didn't scrimp & save for a studio there either given how much cheaper it seems to be?

....yes, yes, I know, I bet there are some probably quite expensive areas in , like, York (Think Kirsty & Phil visited Whitby a few times too)? And maybe even in.... Wales? :eek: :rotfl: