Generation Whine

Cleaver

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.

There are hundreds of thousands of terraced houses in the Midlands, East of England, Wales, North West, North East England etc. that are £100,000 and below, and therefore quite affordable to a lot of first time buyers. I can quite imagine that this isn't the case in the SE though.

I know everyone's experience is different, but I'm in my late-twenties and I don't really know anyone who hasn't had a house as their first purcahse. I have a single friend who's recently bought a flat, but that's about it I think.

ukcarper

sjaypink wrote: »

: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

A salary of 26k + £12k (just over minimum wage) would give you a mortgage of £152k + a deposit of 20k would get you a 2 bed house in a reasonable area 45 mins by train from central London.

the_flying_pig

ukcarper wrote: »

A salary of 26k + £12k (just over minimum wage) would give you a mortgage of £152k + a deposit of 20k would get you a 2 bed house in a reasonable area 45 mins by train from central London.

yes, and one minimum wage salary plus one twice minimum wage salary would have got you better than that 30 years ago without the need for a 3.5 times joint salary mortgage. that's the point, not that all houses cost a billion pounds each now and used to be free.

StevieJ

sjaypink wrote: »

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:

Let us pay a fleeting visit to Chorlton-!!!-Hardy, Manchester in the mid 70's, here is a popular comedy series from the time.

http://www.youtube.com/watch?v=5MCbmEXQOAg

Edit: that censor has a dirty mind:)

Generali

1. Compound interest
2. Mortgage rationing

https://forums.moneysavingexpert.com/discussion/2706705

ukcarper

the_flying_pig wrote: »

yes, and one minimum wage salary plus one twice minimum wage salary would have got you better than that 30 years ago without the need for a 3.5 times joint salary mortgage. that's the point, not that all houses cost a billion pounds each now and used to be free.

in 1972 average salary was about £1.8k x 3.5k = £6.3k I paid £8k for a 3 bed terrace in same area.

I’m not saying prices aren’t more expensive just that it is still possible to get something reasonable

ILW

olly300 wrote: »

Yeah I've met people who refuse to go to visit people or go to pubs in certain areas because they will get stabbed or mugged, without provocation. Amusing if it wasn't sad as there are certain categories of people who I know who are targets and they don't fit into them.

Rubbish, possibly certain pubs etc may be a bad choice but whole areas, no.

StevieJ

the_flying_pig wrote: »

(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.

I thought plumbers were paid a fortune in the South? or was that in a different time and only in the Daily Mail

ukcarper

StevieJ wrote: »

I thought plumbers were paid a fortune in the South? or was that in a different time and only in the Daily Mail

2 years ago I had a new boiler and modifications done to my central heating 2 people 2 days £2.8k parts about £1k £450 a day not to bad.

the_flying_pig

StevieJ wrote: »

I thought plumbers were paid a fortune in the South? or was that in a different time and only in the Daily Mail

A friend of mine re-trained to do it around 10 years ago when there was loads of hype about mega-earnings etc. It seems that there are still many instances of plumbers earning £40k+ but: (1) central London, and I mean central, rather than 'anywhere within 30 miles of the M25', rates are far higher; and (2) 'plumber' is a very generic term that covers lots of different potential employment statutes [e.g. self employed etc] and skill levels.

To describe £40k p.a. for a plumber as any kind of "going rate" is pure fantasy, if you had to come up a single going rate [as in by far the most common rate that's paid] £25k-£30k would be close to the mark, but it's very much one of those lines of work where there's loads of variation, e.g. with working girls upmarket belle de jour types earn many times what crack addict streetwalkers do...