Which Decade Was The Hardest On The Yoof For Buying A House?

reweird

From reading this forum it is clear that housing, to some, is a very emotive subject, and one particularly touchy to the ones pushing 30 years old yet still living under the security blanket of mummy and daddys roof and rules. That said, which decade was the hardest on the yoof with regards to buying they're first house? Thank you.

tanith

00's

I bought houses in the 60's and 70's and compared to today it was not hard and that was with me giving up working to look after children so only one wage. My grandchildren even though they are working find the amount of deposit needed almost impossible to save and pay bills etc, they are looking very far in their futures before they will be able to afford it if ever..

Jimmy_31

tanith wrote: »

I bought houses in the 60's and 70's and compared to today it was not hard and that was with me giving up working to look after children so only one wage. My grandchildren even though they are working find the amount of deposit needed almost impossible to save and pay bills etc, they are looking very far in their futures before they will be able to afford it if ever..

Kinda pi55es all over your chips that post doesnt it reweird:)

StevieJ

I bought at the end of the 80's and it was horrific.

tanith

00's

Jimmy_31 wrote: »

Kinda pi55es all over your chips that post doesnt it reweird:)

I didn't actually mean we owned more than one house, I meant we bought one in the 60's and then moved when it was too small for us and bought one in the 70's ..:cool:

purch

The 40's were pretty tough.

You saved up for ages for a deposit, then the day you moved in, the Germans sent over a V2 :eek:

toadyfrog

I think the 80's were quite bad with the interest rates soaring, i bought early 90's, the prices now are horrendous I don't know how the young will be able to afford to buy.

FATBALLZ

00's

Given the wording 'hardest on' rather than 'hardest for', it is unquestionably the 00s as all the other ones have gone on to make massive real terms profits on their purchase, which is unlikely for anyone who bought after 2003/4.

ukcarper

70's

In the 70s house prices were 5x average earnings about the same as they are now you had to have at deposit and you could not get such a large mortgage in relation to your earnings and interest rates were twice what they are now.

There were times in the 80s when house prices were 5x average earnings and interest rates were 3x what they are now.

worldtraveller

I'm an 80's guy. When I managed to scrape together a mortgage and bought in 1985 I slept on a mattress on the bedroom floor for years, no bed or any furniture whatsoever. I sat on a foam 12" x 12" square in an empty lounge. But it was MY house! The mortgage was up to 16% interest rate at one time and it was beans on toast on a Friday, or one beer at the pub. Simples! People today with their "I want it, and I want it now" attitude have absolutely no idea, whatsoever! However, maybe today's 'real' world will bring those people back to some semblance of reality!

nearlynew

I don't care what anyone says and I'm not going to argue/debate it...

Anyone who says it is easier for a young person to buy a house now than it was 20, 30, 40 years ago is talking out of their 4rse.

These days, any calculations on "affordability" or any other bullsh1t based on "two incomes" is just that - bullsh1t.

I've been there, done it and seen it.

Needing two incomes to pay for what used be paid for by one is not progress - it is theft.

All the equity in the world cannot make up for the social damage which has taken place in the name of prosperity.

A prosperity built on lies and fuelled by debt.