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Debate House Prices


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The First Time Buyer - How do they have it really?

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Comments

  • nearlyrich
    nearlyrich Posts: 13,698 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Hung up my suit!
    Most would be first time buyer couple I know have 2 x £40 a month iphone contracts, 2 fancy cars on tick and an expectation of several foreign weekends away each year plus a main holiday. When we saved for a deposit back in the olden days (early 80's) we didn't waste any money on none essentials, lived with mum and dad till the wedding and went camping in Cumbria for our honeymoon.
    Free impartial debt advice from: National Debtline or Stepchange[/CENTER]
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    nearlyrich wrote: »
    Most would be first time buyer couple I know have 2 x £40 a month iphone contracts, 2 fancy cars on tick and an expectation of several foreign weekends away each year plus a main holiday. When we saved for a deposit back in the olden days (early 80's) we didn't waste any money on none essentials, lived with mum and dad till the wedding and went camping in Cumbria for our honeymoon.

    Aren't you just the best!
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dryhat wrote: »
    It's so much harder for FTbs today than it was 10, 20, 30, 40 years ago.

    This is 100% guaranteed fact.


    Why 40 years ago house price to earnings not much different to now. Deposit required same percentage, amount compared to earnings you could borrow lower, interest rates higher.
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    ukcarper wrote: »
    Why 40 years ago house price to earnings not much different to now. Deposit required same percentage, amount compared to earnings you could borrow lower, interest rates higher.

    Don't baffle him with logic & facts....
  • dryhat
    dryhat Posts: 1,305 Forumite
    ukcarper wrote: »
    Why 40 years ago house price to earnings not much different to now. Deposit required same percentage, amount compared to earnings you could borrow lower, interest rates higher.

    One wage was enough in those days.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dryhat wrote: »
    One wage was enough in those days.

    House prices to average earnings 1973 5x now 5.2x so may be you could explain above.
  • dryhat
    dryhat Posts: 1,305 Forumite
    I don't need to explain anything. Or use bullsh1t statistics.

    It's there for anyone to see with their own eyes.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dryhat wrote: »
    I don't need to explain anything. Or use bullsh1t statistics.

    It's there for anyone to see with their own eyes.

    So basically you can't and are just spouting rubbish
  • dryhat
    dryhat Posts: 1,305 Forumite
    ukcarper wrote: »
    So basically you can't and are just spouting rubbish

    If you say so, yes.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dryhat wrote: »
    If you say so, yes.


    Out of interest have you experience of house buying in the 70s?
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