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

The_White_Horse

00's

nearlynew wrote: »

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.

it is not theft - it is woman not remembering that their place is in the kitchen. If they had stayed at home looking after their husband and kids, everything would still be based on a single salary. However, they got busy, wanting careers and such like and this is the result. Look what you have done women!

Women, know your place!!!

IveSeenTheLight

reweird wrote: »

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.

Why not further back?
I would have thought pre 50's would have been far harder than all of the poll options

the_flying_pig

00's

There's a lot of theory on here about whether higher prices are outweighed by high rates or whatever but the facts speak for themselves IMO.

1960s - about a 10 percentage pt increase in owner-occupation;
1970s - about a 5% pt increase;
1980s - about a 10% pt increase;
1990s - a couple of percentage pts increase;
2000s - a fall.

See the first link - http://www.google.co.uk/search?q=rotavirus&sourceid=ie7&rls=com.microsoft:en-gb:IE-SearchBox&ie=&oe=&redir_esc=&ei=3wSYTpP9GsfBhAfd3KCSBA#sclient=psy-ab&hl=en&rls=com.microsoft:en-gb%3AIE-SearchBox&source=hp&q=The+UK+Housing+Market+over+the+past+50+years&pbx=1&oq=The+UK+Housing+Market+over+the+past+50+years&aq=f&aqi=&aql=1&gs_sm=e&gs_upl=500l500l2l765l1l1l1l0l0l0l0l0ll2l0&bav=on.2,or.r_gc.r_pw.r_cp.,cf.osb&fp=99401aa669cf91ae&biw=1024&bih=639

Either you:

(1) [risibly] believe that the youth are somehow more !!!!less or lazy these days [about as plausible IMO as using ever-improving GCSE & A-level pass rates as evidence that they're getting brighter or working harder]; or

(2) accept that people basically don't change much over time and that these figures must mean something.

ess0two

smckay wrote: »

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!

Also seems most expect to buy the same property their parents are in at the mo,fine if you can afford,if not drop down the rung a bit.

IveSeenTheLight

the_flying_pig wrote: »

1960s - about a 10 percentage pt increase in owner-occupation;
1970s - about a 5% pt increase;
1980s - about a 10% pt increase;
1990s - a couple of percentage pts increase;
2000s - a fall.

See the first link - http://www.google.co.uk/search?q=rotavirus&sourceid=ie7&rls=com.microsoft:en-gb:IE-SearchBox&ie=&oe=&redir_esc=&ei=3wSYTpP9GsfBhAfd3KCSBA#sclient=psy-ab&hl=en&rls=com.microsoft:en-gb%3AIE-SearchBox&source=hp&q=The+UK+Housing+Market+over+the+past+50+years&pbx=1&oq=The+UK+Housing+Market+over+the+past+50+years&aq=f&aqi=&aql=1&gs_sm=e&gs_upl=500l500l2l765l1l1l1l0l0l0l0l0ll2l0&bav=on.2,or.r_gc.r_pw.r_cp.,cf.osb&fp=99401aa669cf91ae&biw=1024&bih=639

Small point.
When talking about percentages, bear in mind that the percentage variance is dependant on the quntities involved.

Also consideration should be taken that there was a significant jump in ownership levels with the introduction of the RTB

ukcarper

70's

the_flying_pig wrote: »

There's a lot of theory on here about whether higher prices are outweighed by high rates or whatever but the facts speak for themselves IMO.

1960s - about a 10 percentage pt increase in owner-occupation;
1970s - about a 5% pt increase;
1980s - about a 10% pt increase;
1990s - a couple of percentage pts increase;
2000s - a fall.

See the first link - http://www.google.co.uk/search?q=rotavirus&sourceid=ie7&rls=com.microsoft:en-gb:IE-SearchBox&ie=&oe=&redir_esc=&ei=3wSYTpP9GsfBhAfd3KCSBA#sclient=psy-ab&hl=en&rls=com.microsoft:en-gb%3AIE-SearchBox&source=hp&q=The+UK+Housing+Market+over+the+past+50+years&pbx=1&oq=The+UK+Housing+Market+over+the+past+50+years&aq=f&aqi=&aql=1&gs_sm=e&gs_upl=500l500l2l765l1l1l1l0l0l0l0l0ll2l0&bav=on.2,or.r_gc.r_pw.r_cp.,cf.osb&fp=99401aa669cf91ae&biw=1024&bih=639

Either you:

(1) [risibly] believe that the youth are somehow more !!!!less or lazy these days [about as plausible IMO as using ever-improving GCSE & A-level pass rates as evidence that they're getting brighter or working harder]; or

(2) accept that people basically don't change much over time and that these figures must mean something.

You can’t look at price on it’s own. I’m not sure how many people think it is easy to buy now and that it’s all down to the attitude of young people I don’t. But we are going through a difficult period but it is not the only time things have been difficult. People saying my dad was a road sweeper and bought a house easily are as bad as people saying young people can’t buy now because they want all the latest gagets.

the_flying_pig

00's

Every decade has its own story, clearly.

A key part of the story of the 80s, as you say, is a rise in owner-occupation caused by right to buy. So if someone asks me a question “Which Decade Was The Hardest On The Yoof For Buying A House?” I think it’s entirely reasonable to say that the 80s was really quite easy [not just on the “yoof”] because government basically gave away loads of houses to occupiers at knock-down prices.

Similarly a key part of the story of the 00s was globally ‘soaring’ prices caused by the boom in lending [especially, in the UK, to BTL-ers].

What could you say about the 60s… I guess lots of relatively cheap housing made available to buy because of a housebuilding boom [although of course this on its own is only a small piece of the jigsaw – the key thing is that these houses were disproportionately bought by owner-occupiers rather than landlords].

the_flying_pig

00's

ukcarper wrote: »

You can’t look at price on it’s own...

I. was. not. looking. at. price. at. all. just the facts of how many people bought.

ukcarper wrote: »

...People saying my dad was a road sweeper and bought a house easily are as bad as people saying young people can’t buy now because they want all the latest gagets...

I disagree. It is demonstrably true that [say] a 25 year old person in any given line of work [say a policeman or whatever] tends to live in poorer quality housing than today's 45 year olds did 20 years ago. It's just a fact.

IveSeenTheLight

the_flying_pig wrote: »

Similarly a key part of the story of the 00s was globally ‘soaring’ prices caused by the boom in lending [especially, in the UK, to BTL-ers].

You put soaring house prices down to BTLers but from the same document you linked
http://www.lloydsbankinggroup.com/media/pdfs/research/2010/50_Years_of_Housing_UK.pdf

The proportion of homes that is privately rented has fallen significantly from 33% in 1961 to 14% in 2008

BTL filled part of the gap that was created during the social housing sell off. but as you can see is still far lower than historically

ukcarper

70's

the_flying_pig wrote: »

I. was. not. looking. at. price. at. all. just the facts of how many people bought.



I disagree. It is demonstrably true that [say] a 25 year old person in any given line of work [say a policeman or whatever] tends to live in poorer quality housing than today's 45 year olds did 20 years ago. It's just a fact.

You are doing what most of you seem to do and pick a time when property was cheap and compare that to now anybody buying in the mid 90s were luck enough to get the cheapest house prices in relation to earnings since 1950