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

ukcarper

70's

Percy1983 wrote: »

The way I see it now, when people mention the high interest rates of the 70s/80s I can imagine it was very tough and in some ways right now it may be slightly easier with the low interest rates.

But if I paying rates in the 70s/80s I would see the light at the end of the tunnel as they would come down eventually.

Buying now great as it is all I can do is wait for interest rates to increase, I guess it won't take interest rates to rise much before the current situation is much worse.

In short I would rather pay high interest for a few years on a low priced asset than low interest of a few years on a high priced asset.

The problem was in the early 70s and late 80s the assets weren’t much cheaper than they are now. Another thing in the 70s not sure about 80s there were no fixed rates and you were exposed to changes straight away the good side there were no arrangement fees other than survey.

smckay

What annoys me (and I am a "youngster") are these people complaining about high house prices etc at a time when not having the latest gadets and 3 overseas holidays a year infringes on the little darlings expected way of life!

not that long ago people saved hard, lived at home until marriage and generally accepted their lot in life.

Today people expect high pay for little work and to own everything that everyone else does! Either spend a few hundred pounds a weekend on "socialising" and gadets or save and get a house!

Percy1983

00's

smckay wrote: »

not that long ago people saved hard, lived at home until marriage and generally accepted their lot in life.

I will admit I did fall in to the gadgets and nights trap when I was younger but now the above statement is me.

oldvicar

60's

When I bought my first home (early 80s) money was very tight but I was happy to do without what I couldn't afford.

What I remember most of all is that my bank refused me a credit card. I was gobsmacked.

I wasn't about to go out and spend on things I couldn't afford but it would have been useful as a means of payment to buy the things I could afford. In those days a cheque guarantee card covered only £50 (or was it £30?), there were no 'payment' cards (maestro/switch etc) but things like fridges/cookers/TVs etc cost about the same in £££s as they do today. I honestly can't remember if I had to carry more cash was wise, or if shops took non-guaranteed cheques etc.

oldvicar

60's

I've voted 1960s ... because half the population couldn't get a mortgage at all. That's the female half.

reweird

70's

Percy1983 wrote: »

The way I see it now, when people mention the high interest rates of the 70s/80s I can imagine it was very tough and in some ways right now it may be slightly easier with the low interest rates.

But if I paying rates in the 70s/80s I would see the light at the end of the tunnel as they would come down eventually.

Buying now great as it is all I can do is wait for interest rates to increase, I guess it won't take interest rates to rise much before the current situation is much worse.

In short I would rather pay high interest for a few years on a low priced asset than low interest of a few years on a high priced asset.

In essence having never lived an independent life and as you continuously shamelessly life and leech off your parents well into your late 20's and 30's it is very very clear to one and all readers of you postings that your very own greed and entitlement over all others, including your family, is paramount. What a shameful character and pathetic human being you are.

Percy1983

00's

reweird wrote: »

In essence having never lived an independent life and as you continuously shamelessly life and leech off your parents well into your late 20's and 30's it is very very clear to one and all readers of you postings that your very own greed and entitlement over all others, including your family, is paramount. What a shameful character and pathetic human being you are.

I know you choose to ignore this fact but I am a very funny kind of leach that actually benefits the host, my parents are better off while I am here. In short all people involved benefit.

By the way how does that relate to my comment about asset prices and interest rates?

[Deleted User]

1940s as there werent that many houses for sale

reweird

70's

No, the parents of a 28 year old man-child paying token amounts towards the housekeep and food are far from better off. If they were so better off having to support you into you approaching your FOURTH DECADE you would not be boasting about how much you save. Stand on your own 2 feet and see what a big man you are hiding behind mummy's apron. Until then all readers are welcome to write you off for what your really are... a big immature baby boy. Ideal marriage material.

Percy1983

00's

reweird wrote: »

No, the parents of a 28 year old man-child paying token amounts towards the housekeep and food are far from better off. If they were so better off having to support you into you approaching your FOURTH DECADE you would not be boasting about how much you save. Stand on your own 2 feet and see what a big man you are hiding behind mummy's apron. Until then all readers are welcome to write you off for what your really are... a big immature baby boy. Ideal marriage material.

My fiancee certainly thinks so.

Such a big man hiding behind you keyboard and all that, I will say its a good job you keep me entertained otherwise you would be on my ignore list by now.

I do find it entertaining how you have made a whole profile in your head about me based on one singular fact about my living arrangements.

By all means I am happy to give you my address so we can meet up and have a chat, of course I may need you to change my nappy at some point but apart from that you will find I am in fact a fully grown man with adult friends, car, career, financee.

At least we have finally got to bottom of your problem, jealous of me saving a deposit maybe?

PS, you still haven't answered my question on another thread you keep trying to insult me on, good luck with that.