An entire generation locked out of property ownership

ILW

mutter wrote: »

A family member works in a branch of Waterstones (for the time being at least!) where every single staff member - including the part timers - either have a degree or are studying for one. And they only pay a fraction over the minimum wage for an ordinary Bookseller.

Make you wonder who sold us our books when only 4% of the population went to uni.

Thats the problem, give a degree to everyone and it no longer has any value.

mutter

dianadors wrote: »

..............I don't know if it is because we are in South Yorkshire ....................

Where you live -
http://www.rightmove.co.uk/property-for-sale/property-30868064.html

Where I live -
http://www.rightmove.co.uk/property-for-sale/property-26292322.html

Same house, £140,000 difference in price.

I work for a large retailer with branches all over the country, and in recognition of the higher cost of living here, I receive 'Location Pay' which amounts to £33 per month.

Percy1983

I did to move to yorkshire, could buy a house on my credit card!

HAMISH_MCTAVISH

Percy1983 wrote: »

I did to move to yorkshire, could buy a house on my credit card!

Wow, Yorkshire must have really high interest rates.

When did they declare independence?:money:

geneer

dianadors wrote: »

Back in 1982 when I bought my first house, most working class people had to rent because wages wouldnt pay for a mortgage. My parents had never been able to afford to buy, and my friends that took full time low paid work like supermarket check out etc couldn't afford to buy then either.

Oh no. It looks like they were "rationing mortgages" in 82 too.

And Hamish told me this was a new thing.

dianadors

geneer wrote: »

Oh no. It looks like they were "rationing mortgages" in 82 too.

And Hamish told me this was a new thing.

Just before we bought our house, they did ration mortgages. A colleague and her boyfriend had put their name down for a mortgage, and a council house at the same time when they got engaged and were going to go with whichever came up first. Building society's had a set amount of cash that they could lend out each month so you had to get in a queue. I keep trying to tell you all, this aint owt new and if you really want to own a home its not impossible. Saving was always hard - I thinks its harder today because of all the "stuff" there is to tempt you to spend, and for years we have had a spending culture, whereas back then saving was all the rage. My then boyfriend and I saved 22% for our deposit - 11% each. It meant lots of staying in, living with parents till we got married, no foreign holidays until much later - but we did manage to buy our first place at 23 years old.

ess0two

dianadors wrote: »

Just before we bought our house, they did ration mortgages. A colleague and her boyfriend had put their name down for a mortgage, and a council house at the same time when they got engaged and were going to go with whichever came up first. Building society's had a set amount of cash that they could lend out each month so you had to get in a queue. I keep trying to tell you all, this aint owt new and if you really want to own a home its not impossible. Saving was always hard - I thinks its harder today because of all the "stuff" there is to tempt you to spend, and for years we have had a spending culture, whereas back then saving was all the rage. My then boyfriend and I saved 22% for our deposit - 11% each. It meant lots of staying in, living with parents till we got married, no foreign holidays until much later - but we did manage to buy our first place at 23 years old.

Todays generation.............

Fone contract/holiday fund/car/clothes/2+nights on the p!ss the list is endless.
Why save, just whinge instead.

dianadors

ess0two wrote: »

Todays generation.............

Fone contract/holiday fund/car/clothes/2+nights on the p!ss the list is endless.
Why save, just whinge instead.

Youve hit the nail on the head. There is too much to spend your money on these days and saving isn't cool.
A lot of excess today really gets me annoyed. In my day (and I know I sound like an old fogey, but I am still only 15 mentally!) hen nights were a night out around town with the bride wearing a veil with pill packets pinned onto to it - go to a nightclub before 10 so that you got in free. Minibus home at 2am. Weddings were either in a church or at the reg. Ham tea and bit of a knees up in the village hall. Dad danced embarrasingly and some uncle got drunk and had a bit of fight. Great time was had by all. The best wedding I ever went to, we were all asked to take a dish along for the buffet - and the bridegroom was a dentist, just starting out in his own practice! Contrast and compare to hen/stag does these days - generally abroad! and weddings!!!

Graham_Devon

dianadors wrote: »

Youve hit the nail on the head. There is too much to spend your money on these days and saving isn't cool.
A lot of excess today really gets me annoyed. In my day (and I know I sound like an old fogey, but I am still only 15 mentally!) hen nights were a night out around town with the bride wearing a veil with pill packets pinned onto to it - go to a nightclub before 10 so that you got in free. Minibus home at 2am. Weddings were either in a church or at the reg. Ham tea and bit of a knees up in the village hall. Dad danced embarrasingly and some uncle got drunk and had a bit of fight. Great time was had by all. The best wedding I ever went to, we were all asked to take a dish along for the buffet - and the bridegroom was a dentist, just starting out in his own practice! Contrast and compare to hen/stag does these days - generally abroad! and weddings!!!

I was gonna ask - whats changed?

You mean people didn't have lavish weddings 30 years ago? Really?

And everyone has lavish weddings now? Really?

The only thing thats changed really is more TV channels and more magazines etc reporting on these things to make you think they are somehow the "norm". Quite honestly, they are not.

Holidays are cheaper - get over it. Holidays were also cheaper for you 30 years ago than you parents. Why does no one recognise this? Only recognise that they are cheaper now, therefore must condemn a whole younger generation and hope they don't have more. Holidays will probably be cheaper agin in 30 years time.

dianadors

Graham_Devon wrote: »

I was gonna ask - whats changed?

You mean people didn't have lavish weddings 30 years ago? Really?

And everyone has lavish weddings now? Really?

The only thing thats changed really is more TV channels and more magazines etc reporting on these things to make you think they are somehow the "norm". Quite honestly, they are not.

Holidays are cheaper - get over it. Holidays were also cheaper for you 30 years ago than you parents. Why does no one recognise this? Only recognise that they are cheaper now, therefore must condemn a whole younger generation and hope they don't have more. Holidays will probably be cheaper agin in 30 years time.

What's your story Graham?