Youth unemployment and owning a home

Percy1983

I am sure your sister is a very nice person so wasn't too worried, more worried the MSE web of where I live is closing.

With that I would love to show off they house I am buying but don't dare.

ukcarper

DaddyBear wrote: »

It is undeniable that housing is becoming affordable to fewer people. My parents and their siblings all had pretty menial jobs and yet they all managed to buy their own homes in their early 20's. It's unrealistic to expect that to carry on, mainly because so many now do 'degrees', so add 3 years for that, 1 year to find a job (if you're lucky) and several years to pay off your student debt.
Even with that, there are still precious few in their late 20's and early 30's who can afford a house. My wife and I are one of the lucky ones, but the fact that it took a six figure income to afford a family home is insane.
The current state of affairs is bad for the economy, bad for society and is creating the rediculous situation where workers are being outbid for rental properties by people on housing benefit.
Future generations are going to have it very hard. It's no coincidence that our most vocal bulls have no children. Only the completely selfish would want prices to rise further.

What are you calling a family home then if you needed a six-figure salary to buy it? You do your case no good by making exaggerated claims. Like that and people on pretty menial jobs could easily buy houses.

It’s not the people in their 30s I feel sorry for but people in their early 20s or younger. House prices could fall back to the low values of the mid 90s but that wouldn’t help someone stuck in a part time job on the minimum wage.

DaddyBear

ukcarper wrote: »

What are you calling a family home then if you needed a six-figure salary to buy it? You do your case no good by making exaggerated claims. Like that and people on pretty menial jobs could easily buy houses.

What exaggerated claims are you referring to? It's hardly exaggerated that in the 70's and 80's factory workers and shop workers could afford a house. It's fact.

ukcarper

DaddyBear wrote: »

What exaggerated claims are you referring to? It's hardly exaggerated that in the 70's and 80's factory workers and shop workers could afford a house. It's fact.

Is it can you give me some figures to support your claim.

DaddyBear

ukcarper wrote: »

Is it can you give me some figures to support your claim.

I'll just check my old copies of Factory Worker Quarterly.... Or you could take off the blinkers and have a look around.

ukcarper

DaddyBear wrote: »

I'll just check my old copies of Factory Worker Quarterly.... Or you could take off the blinkers and have a look around.

In other words you don't.

I'm not saying prices aren’t high I’m just saying that they have been almost as high before in fact in comparison to wages in the early 70s and late 80s they were higher than they are now.

Derivative

Factory workers and shop workers can now afford houses.
They're just not within commuting distance of London.

Perhaps look a bit further than your own back garden.

And a six figure salary for a family house? Come off it. North of England - 3 bed house for ~60k. South East - 3 bed house for ~200k.

Simple figures that can easily be gotten with a bit of google.

Percy1983

MrReweird wrote: »

You don't because you can't. Not quite as impressive when they all learn that it's mummies house and your still there tied to her teet at 30 years old.

Funnily you are one of the fruits I don't want having my address :rotfl:

With that I am happy to send it to a couple of more trusted members who can confirm my claims without giving my address to green eyed monsters like yourself if you wish.

With that of course you still wouldn't believe me, I could e-mail you a full copy the signed contract and you would say its fake.

ps, I look forward to your next ban, remember 'real men don't get banned form the MSE forums'

pps, I have found the 47" 3D TV I am going to buy has just got a little cheaper, good news I will keep the 40" for the bedroom. :j (I know the size of my TV brings out the most jealous bit of you)

JonnyBravo

Percy1983 wrote: »

Interestingly I have just got my contract from the solicitors so my house purchase is more or less done now.

Do I still think house prices need to come down... yes

Will it bother me if they do... no

Congratulations. Fingers crossed now til exchange! Have you got long to wait?
Then it's decorating time!

Percy1983

JonnyBravo wrote: »

Congratulations. Fingers crossed now til exchange! Have you got long to wait?
Then it's decorating time!

Cheers Jonny!

Luckily the house is mostly decorated to our taste, only the front room which we are doing anything significant to. Already got a tropical wenge floor behind the sofa ready to go down. :j