When my dad was my age he owned a four-bed semi - so why am I still in a rented dump?

[Deleted User]

To find affordable houses just look outside the m25 ....

StevieJ

bugslet wrote: »

Not sure about finding a job 30 years ago was much harder than now. Very neatly, I am 48 and left school at 18 in 1982, when unemployment had topped 3 million. I can't remember what the figures were for youth unemployment, but I remember all the things that are said now, were said when I and my classmates left college.

That was when they introduced YTS or similar wasn't it? so apprenticeships were a thing of the past even then. Strange I remember that line 'Where there's a scheme there's a schemer? Right?

ukcarper

abankerbutnotafatcat wrote: »

Q1 1997 was the start of the rise in London. The rise in London 1997-2007 was unusually high. My property increased nearly 3.5x during that period and that's without any major work and I don't think that rise is unusual. The many areas that enjoyed gentrification during that period will probably have seen even larger increases.

There is no doubt house prices increased a lot between 1997 to 2007 but in relation to earnings that was from the lowest they have been to the highest. if you were to go back to 1989 nominal prices were higher than 1997.

Wookster

drc wrote: »

Oh well. If he would only forgo his iPad, his widescreen tv and his mobile phone, then he would be able to afford to buy a 4 bed terrace in Hackney at £2 million a pop, right?

I wander if part of the reason we have such a consumer country in the youth is simply because the grander aims are well out of reach. I.e. what's the point of saving when there is no chance I'll be able to purchase a house.

Linton

Wookster wrote: »

I wander if part of the reason we have such a consumer country in the youth is simply because the grander aims are well out of reach. I.e. what's the point of saving when there is no chance I'll be able to purchase a house.

That may be the view of some as it is so much easier to blame others for your predicament than to do something about it yourself. At some stage the blockage in mortgage lending will be released and deposits will fall. Increased demand will increase house prices, but the first people in the queue will be those who prudently saved. By the time those who spent when they should have been saving have cobbled together the deposit they will be complaining that prices have risen beyond their means.

Saving is always a good thing to do - it gives you choices later in life.

mystic_trev

http://www.youtube.com/watch?gl=GB&hl=en-GB&v=Xe1a1wHxTyo

ruggedtoast

IveSeenTheLight wrote: »

When these examples are provided, I often wonder what the positionwas for the grandad or even great grandad.

I would wager that they didn't think it was a right to own a 4 bed house and it could only be accomplished with hard work, dedication and will power.

What does that even mean? What is the actual meaning of that sentence?

During the time of the boomers people "worked hard" but half of you had manual jobs like packing punnets, building boxes, and pulling levers on presses. Yeah sure you pulled those levers and packed those punnets, and then you went home all worn out to your house, your kids and your wife who didn't have to work.

These days the manual jobs that are left pay poverty wages that people have to top up with benefits just to live, most else likely requires a degree, tens of thousands of pounds of student loan debt, and still won't ever get you on the property ladder.

Two people not working full time is unheard of now, people cant afford to have kids, get on the property ladder, and yet you have the bald headed cheek to accuse the younger generations of not working hard.

Believe it or not it doesnt matter how hard we work it simply wont make a difference to many Gen X or Y.

It just shows how out of touch with reality you are that you think there is any longer a correlation between hard work and wealth in today's Britain, and how privileged many boomers have been to consider that normal.

ILW

It has never been easier to start your own business.

ukcarper

ruggedtoast wrote: »

What does that even mean? What is the actual meaning of that sentence?

During the time of the boomers people "worked hard" but half of you had manual jobs like packing punnets, building boxes, and pulling levers on presses. Yeah sure you pulled those levers and packed those punnets, and then you went home all worn out to your house, your kids and your wife who didn't have to work.

These days the manual jobs that are left pay poverty wages that people have to top up with benefits just to live, most else likely requires a degree, tens of thousands of pounds of student loan debt, and still won't ever get you on the property ladder.

Two people not working full time is unheard of now, people cant afford to have kids, get on the property ladder, and yet you have the bald headed cheek to accuse the younger generations of not working hard.

Believe it or not it doesnt matter how hard we work it simply wont make a difference to many Gen X or Y.

It just shows how out of touch with reality you are that you think there is any longer a correlation between hard work and wealth in today's Britain, and how privileged many boomers have been to consider that normal.

If you think all those people pulling levers earned high wages and were able buy a nice house it is obvious how little you know.

buglawton

My nieces & nephews have left the uk (becoming bilingual in the process) and I am heartily recommending my son to do the same. On top of all that I may retire abroad on account of cost of space-to-live in uk.

As they say, supply and demand.