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Those born after 1979 could be stuck being a lifelong renter

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Comments

  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    Percy1983 wrote: »
    Hey Jimmy if you wanted to see a few sockie heads explode you could come and live in my spare room. :rotfl:

    Can i bring me mum:)
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Jimmy_31 wrote: »
    Can i bring me mum:)

    Sure but you will have to sleep in the same bed as her, which I am sure you are use to. :rotfl::rotfl::rotfl:

    I just hope she gets along with my mummy because of course she is coming with me. :rotfl::rotfl::rotfl:

    ps, this post is for comical effect.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    MrRee wrote: »
    Nice post Jimmy ..... may I make a few points?

    Firstly, I hope you secured that employment you were going to hear about today at noon?

    Second, you have repeatedly said that house prices around your way are down to £30k for a 2 Bed Terrace .... I would have thought you could step up to a 4 Bed Detached at around £75k, why haven't you?

    Third, I would REALLY advise you to buy now if you can - this house price wave will hit your area this spring, as sure as night follows day.

    Cheers

    Still waiting on the phone call, its the building game so nothing ever arrives on time.

    Not many 4 bed detached in the areas im looking to buy.

    There is a 3 bed detached going for 80k but its right next door to a pub, a very rough pub so id be setting myself up for a lot of mither that i cant be ar5ed with if i bought it.

    If the house price wave hits my area during the spring i would be amazed as the vast majority of people in the area have now lost their jobs.

    We have more chance of the riots coming back than a house price boom around here.
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    Percy1983 wrote: »
    ps, this post is for comical effect.

    Don't you think jokes lose a little something if you have to point out they are jokes?
    Jimmy_31 wrote: »
    We have more chance of the riots coming back than a house price boom around here.

    Well make sure you buy AFTER the riots. I'd imagine house prices will be down 50% in riot areas.
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    Percy1983 wrote: »
    Sure but you will have to sleep in the same bed as her, which I am sure you are use to. :rotfl::rotfl::rotfl:

    I just hope she gets along with my mummy because of course she is coming with me. :rotfl::rotfl::rotfl:

    ps, this post is for comical effect.

    Top and tail will be fine.:)

    Or i could get bunk beds:rotfl:
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    JonnyBravo wrote: »
    Don't you think jokes lose a little something if you have to point out they are jokes?



    Well make sure you buy AFTER the riots. I'd imagine house prices will be down 50% in riot areas.

    They were down by more than that before the riots;)
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    Jimmy_31 wrote: »
    They were down by more than that before the riots;)

    They'll soon be 110% down.
    I'd still hang on though.
    Britain has run out of money.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    yeah, that's the point, really. people who, born 5 years earlier, would have been able to buy 'five star' houses are bumped down into 'four star', people who'd have been able to buy 'four star' bumped down to three, etc. relatively small numbers are 'priced out' of all home ownership. but an entire generation's living standards have taken a hit.

    Yes people who bought in the 90s experienced the cheapest house prices since the war the trouble is to many people think that was the norm.
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    JonnyBravo wrote: »
    They'll soon be 110% down.
    I'd still hang on though.
    Britain has run out of money.

    They can just print more cant they and then everything will be ok again:)
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I have what I think maybe a very valid point about people living with parents these days.

    I wpould say these days there is 2 reasons why people stay at home where 20 years ago there was only 1.

    20 years ago there was only one reason to stay at home and that was because you wanted to stay (ie the whole mummies boy arguement).

    Now there is 2 reasons to stay at home, the first is the same as the above and the second is due to finance.

    So I can see where some may only come up with the mummies boy idea, but I can assure you in my case its much more down to finance and a longer term plan. I can confirm I that for the last couple of years I could have rented but then I wouldn't be able to buy a house now, as it is the relationship with my parents means I could stay here and pay less than market rate but still cover the costs + a little. In this case my parents aren't profiteering out of the situation and it puts me in a position to buy rather than being stuck renting forever.

    So surely people can see there is a very strong logic to staying at home longer for a better long term outcome and therefore the reasons for still being at home are not due to an attachment to mummy but due to a financial agreement which benefits all involved.

    Just a thought to which I am sure most people reading will understand, I am sure it won't stop insults from some but its always worth at least trying to open a closed mind a little.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
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