Those born after 1979 could be stuck being a lifelong renter

MrRee_2

ruggedtoast wrote: »

You've gone too far this time Ree.

Yeah, right ..... like I said, it's a report from the Independent newspaper.

If you're not interested in it just read something else, or is even that simple task beyond your limited abilities?

SteveV2

mark5 wrote: »

I was born in 1980, bought my first house in 2003 on my own and my second one in 2006 with my then girlfriend now wife, all bar one of my friends have bought houses.

Same as you but bought in 2002. None of my friends bought, but most went to uni.

A few now rent but most still live with m&d.

the_flying_pig

i was born in the late 70s, have owned a property in London for quite some time, will soon own a bigger one.

but neither the first nor second property are as good, or bought as early, as the ones that i'd have owned if i'd had put identical ability & effort into education & jobs & had identical spending patterns on other things, only been born in the late 60s or even the early-mid 70s.

these are cast-iron facts.

ukcarper

The mid 90s were probably the best time to buy a house so I agree being born in the late 60s or early 70s would have been good in terms of house buying.

MrRee_2

I can say that my vast experience tells me that 1971 was, without doubt, the best year to buy a house.

Rampant inflation eroded the mortgage debt to such a point that you could move house within 12 months easily up to the next property.

Another top year was 1994.

And another was 2009.

We are now on the up .... not sure when any downturn may occur ...... it could be a long long wait for those who haven't bought yet.

Percy1983

Interestingly just a thought but if more people are struggling which you clearly state here, would that not lead to more people renting or living with parents?

I think as mentioned earlier in the thread its more about actually finding somebody to live with, on 2 incomes renting/buying is manageable but is finding somebody you can live with easy?

Pobby

Once again, another sad post from a sad poster. I really cannot see what fun they get out of taking a pop at renters. . I have kids in our family, paying stupid amounts for shoe boxes.

A grand plus a month! Money being taken from the wider economy. Just money going to the lenders. So what happens if one of them gets kicked from their job? Wealth is not built on house prices but a vibrant economy which the UK has seemed to missed the point.

DaddyBear

PasturesNew wrote: »

I'd say the key isn't age, but whether you're single or in a couple.

Actually, I'd say the key is how rich your patents and grandparents are and whether they died recently.

ILW

There seem to be loads of mortages about with 10% deposits. Am I missing something here?

Brallaqueen

Terminally single, born in 1983, no inheritance or rich parents to help

Had to buy a flat rather than a house though