Young generation want too much too soon

ytfcmad

We lived in a cardboard box and ate Horse !!!! sandwiches.

ukcarper

ytfcmad wrote: »

We lived in a cardboard box and ate Horse !!!! sandwiches.

Cardboard box you were lucky

Graham_Devon

ukcarper wrote: »

House prices are high but they have been just as high in the past.

For a very short blip of time.

To be honest, this argument just goes round and round. Both sides pick and choose which data they would like to use, and remove the context to make it sound worse.

ukcarper

Graham_Devon wrote: »

For a very short blip of time.

To be honest, this argument just goes round and round. Both sides pick and choose which data they would like to use, and remove the context to make it sound worse.

I think you are right the last boom was longer and bigger than any before and prices are still above the long-term average. But in 1990s prices were in at there lowest for the longest period, whilst between 1970 and 1990 prices were above the long-term average almost as much as they were below. Prices are high but not absurdly high and it looks like they are going to get lower at least in real terms.

moneyinmypocket

Prices may stay static for a bit but unless your saving to get on ladder it doesnt help. My bet the young ones are already looking at there summer holiday abroad!

shortchanged_2

moneyinmypocket wrote: »

Prices may stay static for a bit but unless your saving to get on ladder it doesnt help. My bet the young ones are already looking at there summer holiday abroad!

In that case they won't be helping to fuel the HPI that you so desperately need.

Carl31

moneyinmypocket wrote: »

Prices may stay static for a bit but unless your saving to get on ladder it doesnt help. My bet the young ones are already looking at there summer holiday abroad!

enjoying what life has to offer instead of wasting time on over priced bricks?

good idea i reckon

moneyinmypocket

Makes no difference to me, I have a house to live in (not to make money from) I could stay here rest of my life

Out,_Vile_Jelly

moneyinmypocket wrote: »

Prices may stay static for a bit but unless your saving to get on ladder it doesnt help. My bet the young ones are already looking at there summer holiday abroad!

You can book a few days abroad for £150 or even less. In the context of a £40k deposit it's shrapnel.

Consumer electronics have come down in price so much it's misleading to see owning them as evidence of frivolous spending. The real expenditure burdens are student loan repayments, high rents and commuting costs.

ukcarper

Out,_Vile_Jelly wrote: »

You can book a few days abroad for £150 or even less. In the context of a £40k deposit it's shrapnel.

Consumer electronics have come down in price so much it's misleading to see owning them as evidence of frivolous spending. The real expenditure burdens are student loan repayments, high rents and commuting costs.

But that is the kind of thinking that stops people saving quickly enough all these small things add up.

I’m not saying don’t enjoy yourself just don’t complain if you find you can’t save enough.