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Debate House Prices


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I pity all those unemployed youngsters

no hope for the future and almost certainly will find it hard to buy property in years to come.
No work, no money and no chance of saving towards a house. The economy is in a mess and the euro is sure to explode. Bad times ahead
Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?
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Comments

  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    You're cheerful!

    Buying property is not only thing that keeps people happy. If prices are still supidly high then its good people don't buy - nothing wrong with staying at home or renting...

    Happy Christmas!
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    no hope for the future and almost certainly will find it hard to buy property in years to come.
    No work, no money and no chance of saving towards a house. The economy is in a mess and the euro is sure to explode. Bad times ahead

    Which puppet master do you belong to. Its getting confusing keeping track of you all lately.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    It'll recover I had the same thing when I was a youngster back in the early 1990's when there was another bad recession yet I am quite well off now. It's maybe because I chose not to join the long queue of other unemployed youngsters and went onto college instead. All youngsters can choose to do that if they wish...it beats sitting at home being nagged by parents to go out and find a non existent job.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • wellused
    wellused Posts: 1,678 Forumite
    We will almost certainly move from a house owning economy into a renting economy like they do in the rest of Europe. I wouldn't envy any youngster who was thinking about taking on a mortgage for the next 50 years or so just for the pleasure of seeing the government taking it to provide care for them in their old age.
  • Left school in mid 1980's and it was at least as bad. It will pick up as it did for our generation. Best thing for the young to do is make themselves employable. Get work experience in any way possible, by being less selective and taking any job they can get or doing voluntary work etc and when they have these jobs. Work really hard, be enthusiastic and learn as much as possible. Keep learning, obtain more qualifications alongside whatever else they do. Research areas there are shortages of suitable workers to focus learning and experience.
    :j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)
  • MacMickster
    MacMickster Posts: 3,646 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Times are hard, but that doesn't mean that there is no hope. Out of adversity comes opportunity, and hard times can be the spur which drives people to start their own businesses or get creative about how they are going to earn a living. The people who will have a hard time are those who want everything handed to them on a plate and who have a sense of entitlement to an unrealistic standard of living. These are the people that the go-getters of our youth will be stepping over to create opportunities for themselves.

    As for housing, this will certainly become more affordable over the next few years unless the economy picks up miraculously.

    Times are certainly going to be tough, but they have been before and we as a nation have come through. It is not the end of the world but merely a change in the way that western economies operate. Those western economies will still remain privileged compared to most of the world - just not quite as privileged as they have been.

    Chin up, keep calm and carry on.
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    My Husband was made redundant 14th october this year, 12 weeks paid notice. He has another job already, it is slightly less money and a more boring job but its a job. Bizzarly, My PT business is doing better than ever. You just need to get out there and go for it, there is opportunities but you need to create or find them, they won't just appear.
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    Absolutely ... just get in there and give it a crack - that's the spirit.

    No need for youngsters to be glum ... plenty of chances out there for those with the drive. I have a young man working for me, just 22 years old, fine example - and, as such, he has had 3 big payrises during 2011 alone.

    The riches are there for those that do .... too many moaning losers about these days, sadly.
    Bringing Happiness where there is Gloom!
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    MrRee wrote: »
    Absolutely ... just get in there and give it a crack - that's the spirit.

    No need for youngsters to be glum ... plenty of chances out there for those with the drive. I have a young man working for me, just 22 years old, fine example - and, as such, he has had 3 big payrises during 2011 alone.

    The riches are there for those that do .... too many moaning losers about these days, sadly.

    Does your wife know about the rent boy?
  • MrRee wrote: »
    Absolutely ... just get in there and give it a crack - that's the spirit.

    No need for youngsters to be glum ... plenty of chances out there for those with the drive. I have a young man working for me, just 22 years old, fine example - and, as such, he has had 3 big payrises during 2011 alone.

    The riches are there for those that do .... too many moaning losers about these days, sadly.

    Funny you mention this. I used to work visiting and advising small sales businesses. Most people there were on £15-20k basics with OTE of £25-30k. Their best performer by a country mile was an 18 year old apprentice on £500 per month.

    He had gusto, a bit of common sense and a lot of drive and out sold many more experienced sales people, despite the incredibly low pay.
    Thinking critically since 1996....
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