'Generation rent' excluded from home ownership

ukcarper

Graham_Devon wrote: »

These "when I was younger I lived hand to mouth" threads just go round and round in circles.

Whole lifestyles have changed. Just as they had changed 40 years ago when others were doing it. It's like your Granddad telling you "well when I was a lad, I was down the mine at 11 years old chipping out coal in the pitch black....you won't do that now, you want it all".

Lifestyles have changed with generations. To get to uni and get jobs you have to often leave your parents and rent. Yet now people are suggesting living with parents. To get a job, you often have to move, people tell people to move to earn more to buy a house, but the same people then turn around and say "well you should live with your parents if you want to save". Corr blimey, you can't do right for doing wrong.

They will tell you they never went on holiday. Yet I've heard all about the holidays people used to go on. Whole towns were boom towns for holidays. The difference is, the same money back then got you to Blackpool. The same money today get's you to Spain. Things have just moved on. Infact, it's cheaper often to go to spain now then it is to go to Blackpool for a week. People daming others for going on holidays seem to forget these differences.

My Dad is the same. He never went on holiday, knuckled down he did. But then insists on telling me "hey look Graham whats on TV, used to go there on holiday, how it's changed". But no, he never went on holiday!! He doesn't consider a holiday to North Wales as a "holiday". Yet the costs were the same back then as going to Spain now. But don't get him started on how the steam train (which was a treat as it was so expensive) used to take him and loads of other families to North Wales, and how you made friends on the beach with other families on holiday. Oh no, he'll never shutup. Things were so much better then. When they went on holiday, they only had vanilla ice cream and neopolitan was a monthly treat. (But they didn't have treats then as they were so hard up and lived like hermits to survive remember). Wasn't like today, it was so much better. They'll tell you for ages and ages how much better it was back then. But then turn round and tell you you have it so much better today. Which is it?!

It's all very relative. Yet this whole iphone, don't go on holiday, don't go for a pee as we didn't even have pots to pee in back then and we bought is getting really tiresome.

As I said, my dad is the same, condeming the younger generation. Yet he took us on holidays (abroad). Took us out. Went to the pub. AND managed to buy the house I was born into, AND managed to pay for my mum to stay at home and look after me AND manage to have another kid.....and he just drove a lorry and did some odd jobs when he could. Worked damn hard and I won't deny that and never had any substansial savings of any type. But it's no different to the hours people do today. But even then its "oh, you just tap at a computer".

Exactly Graham the reason people are buying houses later is not solely because prices are higher in fact that is a small part of the equation.

Graham_Devon

globalds wrote: »

The big choice I made at 21 was to not buy a car.

This left me with much more savable money each month.
I was not in the forces , but that is not the point , and you are right that my job provided me with accommodation.

But I did it again 11 years ago, I bought a real shed of an Astra of my sister for £200 and used most of the rest of any cash I had for a deposit.
The main difference between 11 years ago and now was how easy it was to get a mortgage. I had only been in UK for 4 months and had an agreed a mortgage.( maybe offering a 7 or 8% deposit rather than the bare minimum matters)

I just think you can look at all the difficulties around getting a home and use it as an excuse to not do anything ...or you can look for some kind of compromise on the assumption that some progress is better than nothing,which is the way I see it.

I don't see it as that much different today. Any young FTB's I know don't roll up to their new pad in 2 new cars. Infact, everywhere I look around me in my place, it's mostly made up of cars from L to W reg. Mostly renault scenics too, for some reason. Sound like milkfloats!

ruggedtoast

Graham_Devon wrote: »

No, its Paul.

You're alright Devon. You're all right.

Yakubu22

ukcarper wrote: »

try this

"Seriously this pretty much sums up the out of touch attitude of some of the older generation. I'm not sure what planet you live on. But how on earth does someone who graduates at the very earliest 21. Then save "tens of thousands" while paying tax, student loan repayments, and living costs in less than 4 years.

What a disgusting level of ignorance"

Try reading the post I was replying to. That response was entirely justified.

chucky

Yakubu22 wrote: »

Seriously this pretty much sums up the out of touch attitude of some of the older generation. I'm not sure what planet you live on. But how on earth does someone who graduates at the very earliest 21. Then save "tens of thousands" while paying tax, student loan repayments, and living costs in less than 4 years.

and also start contributing to their pension or funding for their retirement.

it's not going to happen. i think this explains why buying property isn't for everyone (that wasn't meant to sound harsh btw)

Yakubu22 wrote: »

What a disgusting level of ignorance.

did you change teams to support Leicester this season?

Yakubu22

chucky wrote: »

and also start contributing to their pension or funding for their retirement.

it's not going to happen. i think this explains why buying property isn't for everyone (that wasn't meant to sound harsh btw)

did you change teams to support Leicester this season?

I agree not everyone can afford.

What I did take issue with (posted by YeovilBaffoon) is the stupid notion "youth of today" are somehow lazy or frivolous because they don't have £30k saved within a few years of ther working lives.

...aah the Yak. No, he'll be back soon enough when he realises Leciester wont pay £30k a week for an overweight sulker.

chucky

Yakubu22 wrote: »

I agree not everyone can afford.

What I did take issue with (posted by YeovilBaffoon) is the stupid notion "youth of today" are somehow lazy or frivolous because they don't have £30k saved within a few years of ther working lives.

what i should have added is that number that are able to put together a deposit is smaller and smaller due to the high deposit requirements. these people are just going to rent.

there are others who can't afford to buy because of the high property prices. these also are going to rent.

it means that the number of FTBs will get smaller and smaller until 90%/95% mortgages come back into mainstream lending.

it's not easy being an FTB, it usually never has been. i'm not sure anyone would think it would be.

Yakubu22 wrote: »

...aah the Yak. No, he'll be back soon enough when he realises Leciester wont pay £30k a week for an overweight sulker.

an overweight 42 year old sulker

ukcarper

Yakubu22 wrote: »

Try reading the post I was replying to. That response was entirely justified.

I agree the post was a bit over the top and I suspect she got the response she wanted. But it’s not unusual on here for babyboomers to be blamed for everything.

chucky

Graham_Devon wrote: »

No, its Paul.

so how long have you been calling yourself Graham then Paul?

Yakubu22

chucky wrote: »

an overweight 42 year old sulker

Well if his Nigerian passport says 28yo. Then it must be true.