The crushing housing burden on the young. Boomers, investors and landlords profit

ukcarper

JencParker wrote: »

What a load of rubbish - my first house is now worth £500k (although didn't cost me that 20+ years ago). It was hard but achievable.

But then one similar to mine sold for £195k in May and it's just about in Surrey.

yorkshirekev

SAVING_IS_DEAD_MONEY wrote: »

We all struggled at the start, but this is something the yoof of today seem to forget. However at the end of the day may yoof just have to accept that home-ownership is not for everyone. It's not everyones cup of tea especially if a yoof is financially dislexic. If someone can't hold down a secure professional job then what makes them think they deserve a house?

Oh the irony.

ILW

SAVING_IS_DEAD_MONEY wrote: »

Since when did FTBs move into £250,000 gated dream homes as their first property? Never. It's the sickening self-entitlemet of this work-shy yoof that's most galling. We all started at the bottom. Know your place, hoof.

250k will get you a 1 or 2 bed flat in even some of the less "up" parts of London.

Mr._Pricklepants

Other articles by Miss Wiseman;

The Best Matte Foundation
http://www.theguardian.com/lifeandstyle/2013/jul/21/the-best-matte-foundation

The Best Pink Lipsticks
http://www.theguardian.com/lifeandstyle/2013/jul/14/the-best-pink-lipsticks
(some good deals on here, a YSL lippy for only £23.50. Peanuts!)

The Best Neon Nail Polish
http://www.theguardian.com/lifeandstyle/2013/jul/07/the-best-neon-nail-polish

Once you make a decision like "I want my fingertips to look like highlighter pens", the nail varnish world really opens up. No longer are you aiming for elegance or implied class. All you want is nails that flicker at the edge of strangers' sightlines. All you want is the brightest fingers in the whole world, ever.

Right.


The Best Gradual Tan Treatments

http://www.theguardian.com/lifeandstyle/2013/may/26/the-best-gradual-tan-treatments

Crème de la Mer's Face and Body Gradual Tan (£65, cremedelamer.co.uk) makes you look as expensive as the cream itself – as if you've been sunbathing in Tuscany, but under a parasol.

What a cracking deal.

thedalmeny

My wife and i are 29, we have a 4 year old son.

We've just purchased our first home, a 4 bedroom detached. We decided to rent for longer and buy a family home as our first property..

I almost bought back in 2006 but decided to wait, i'm glad i did considering what the last few years have been like for property and how much my idea of the ideal location has changed.

I really can't tell you how much of a bore reading that article was..

The reality is... Greater London is expensive... In the same way New York, Zurich, Paris, Hong Kong etc are expensive.. If you want to live in or near the capital of a country, particular one of the top 20, be prepared to be priced out of the market.

Now that leaves the rest of the UK.. Franky, i don't personally think they've got it that rough...

£1000+ odd income left after rent (Thats if they rent an average priced property for their region, odds are a single person would pay less)..

I see no reason why they couldn't save some of that money and achieve a 10% deposit on a flat considering the average prices for the areas.

Jack_Johnson_the_acorn

Sadly not everyone will be able to buy the average house, but not everyone earns as much as the average person.... I firmly believe that average earners can afford average houses so long as they're willing to live in an average area.

thedalmeny

Jack_Johnson_the_acorn wrote: »

Sadly not everyone will be able to buy the average house, but not everyone earns as much as the average person.... I firmly believe that average earners can afford average houses so long as they're willing to live in an average area.

That's life - not everybody is going to be able to buy a house and not everyone should be able to. An average however gives a fair indicator of the reality for most and from where i'm sitting, it's not that bad... With the exception of London (Or any major capital city for that matter).

My snapshot purely looks at the situation for a single person working looking for a flat, factor in a household income and still relatively low semi detached prices in that area and the situation becomes even better.

Then again... People want iPhones, they want nice cars and a holiday every year... But still expect that lifestyle to go hand in hand with the aspiration of owning a home...

Myself and the wife have been on holiday once, in 6 years...

GwylimT

I know people who live in London and moan that houses cost less 'up north' yet completely ignore the fact that wages are generally lower and there aren't as many employment opportunities. I have friends who genuinely believe living in the region I live can leave you with a hefty amount of money after your rent to save a deposit in no time, they always like yeah you're flat only costs £600 a month you've got loads left, erm, people here also have electricity bills, gas bills, water bills, we have to buy this stuff called food and most of us have to pay for some form of transport whether a car or public transport.

Thedalmeny, care to tell me how I could save a deposit for a property on £17K a year in Leeds while paying rent, utilities etc?

Ronaldo_Mconaldo

Mr._Pricklepants wrote: »

Other articles by Miss Wiseman;

The Best Matte Foundation
http://www.theguardian.com/lifeandstyle/2013/jul/21/the-best-matte-foundation

The Best Pink Lipsticks
http://www.theguardian.com/lifeandstyle/2013/jul/14/the-best-pink-lipsticks
(some good deals on here, a YSL lippy for only £23.50. Peanuts!)

The Best Neon Nail Polish
http://www.theguardian.com/lifeandstyle/2013/jul/07/the-best-neon-nail-polish

Right.


The Best Gradual Tan Treatments

http://www.theguardian.com/lifeandstyle/2013/may/26/the-best-gradual-tan-treatments

What a cracking deal.

Originally Posted by Ronaldo Mconaldo
It's just jealousy. If there was a mass house building scheme and we all got our own mega mansion for £200 a month (in mortgage payments, of course. Not rent) then everyone would be complaining about their inability to obtain some other item. "Boo hoo, why can't me and my friends get our own Ferrari, other people have them so we should ALL have one".

Only those who are so materialistic and wrapped up in their own wealth and greed would think like that!

The plot thickens. Look at that photo of her. It doesn't look to me like someone who has had to suffer all her life to get what she's got.

thedalmeny

GwylimT wrote: »

Thedalmeny, care to tell me how I could save a deposit for a property on £17K a year in Leeds while paying rent, utilities etc?

Who told you that you deserved to own a property? You get some contract at birth that i didn't?

Do you think everyone should have an automatic right to buy an affordable house, i think our housing stock shortage would be far worse if they did...

The point is, a person earning the average salary for your region can afford to buy a property...

I suggest since your salary doesn't meet that you consider a job move, career change or training opportunities in order to put yourself into that category.