Selfish Britain

thorsoak

nearlynew wrote: »

Anyone who says it's just as easy for youngsters to buy a house today as it was, say, 30 years ago is talking out of their ar5e

No woman could get a mortgage on her own until mid-late 70s.

lostinrates

thorsoak wrote: »

No woman could get a mortgage on her own until mid-late 70s.

Thirty years ago was 1980 going into 81 though,innit?:)

It hold it was easier IN SOME WAYS for my parents to buy in 1979 than it was for DH and I to buy now. My m-i-l bought,alone, in the 60s, I guess she bought outright if she couldn't get a mortgage but she had no money behind her before her on hard work created her own ''wealth'' so must have saved and worked on a single wage to buy her place in Zone 2 outright.

ess0two

nearlynew wrote: »

Anyone who says it's just as easy for youngsters to buy a house today as it was, say, 30 years ago is talking out of their ar5e

Why not.............obviously this generation require a car,insurance,fone contract,nites out,pay keep at home.The fone,car and insurance cost upwards of £200+ per month,all about life choices innit.

lostinrates

ess0two wrote: »

Why not.............obviously this generation require a car,insurance,fone contract,nites out,pay keep at home.The fone,car and insurance cost upwards of £200+ per month,all about life choices innit.

I am astounded by the cars some people drive, but if home ownership seems out of reach forever I suppose I can understand people wanting to spend more on a car.

Our car costs nothing monthly, the insurance is ITRO £50 a month I think, tax etc of course extra. Our phones cost us £15 pcm for both on the one contract.

ILW

Out,_Vile_Jelly wrote: »

In London?

Very close, but it is one of the most expensive places in the world. Think you can get a 1 bed in some parts of SE london for around £110k.

A._Badger

ILW wrote: »

Very close, but it is one of the most expensive places in the world. Think you can get a 1 bed in some parts of SE london for around £110k.

Ah, but a one bedroom flat 'isn't good enough' (for some strange reason).

Not that anyone doing a halfway decent job in London is paid the average wage, anyway.

ILW

A._Badger wrote: »

Ah, but a one bedroom flat 'isn't good enough' (for some strange reason).

Not that anyone doing a halfway decent job in London is paid the average wage, anyway.

I do get the impression that many who complain that they cannot afford to buy, are only prepared to consider larger properties in upmarket areas.

WhiteHorse

thequant wrote: »

The equity means sweet FA as you still need a house to live in.

This is a key point that so many people miss. To really have the money, you have to liquidate the asset.

ninky_2

surely the people who are selfish are those who have children without being willing or able to help them get housed (i.e. get them on the property ladder) when the time comes? yes it would be better if the system was better but when you have kids you can't assume it will be. you have to assume and plan for the worst case scenario whilst hoping for the best.

morag1202

thorsoak wrote: »

No woman could get a mortgage on her own until mid-late 70s.

My (unmarried) mother got a £2,700 mortgage on a £3k house from the Woolwich Building Society in August 1968. She was a teacher earning £1078 pa and did not need a guarantor.

She knew two or three other single women who also bought with a mortgage in the 60's.