Boomers' House Price Bonanza Barrels Onwards. Young Excluded and Forgotten

Percy1983

ukcarper wrote: »

When have people on 0 hours contracts or very low wages ever been able to buy houses.

From what I can see the big problem facing young people is not house prices but the lack of good jobs.

To a point I would agree, but should houses be in line with available work?

chucky

Percy1983 wrote: »

There is loads which are affordable to me, but I know many people earning much less or stuck on 0 hour contrats etc. The other point I will make is as easy as it is to find a house for £40k on rightmove but there is many 'no go' areas, I don't say this as a snob many would regard where I live as not to good.

So it's a lifestyle choice and not an affordability issue.

Thanks for confirming.

ukcarper

Percy1983 wrote: »

To a point I would agree, but should houses be in line with available work?

No they never have been as not all people earn enough to buy and that has always been the case.

JencParker

ukcarper wrote: »

No they never have been as not all people earn enough to buy and that has always been the case.

No, but in the past they have had affordable alternatives. Why would anyone want to pay rent for the rest of their lives when for the same amount they are paying in rent, they could buy a property and have paid off their mortgage by the time they retire. Have the security of living there as long as they want, can make changes to the property as they like, provided the payments are made which they cannot do in rented property now. It is little wonder that people want to buy rather than rent, even those who historically would have been long term renters.

[Deleted User]

JencParker wrote: »

No, but in the past they have had affordable alternatives. Why would anyone want to pay rent for the rest of their lives when for the same amount they are paying in rent, they could buy a property and have paid off their mortgage by the time they retire. Have the security of living there as long as they want, can make changes to the property as they like, provided the payments are made which they cannot do in rented property now. It is little wonder that people want to buy rather than rent, even those who historically would have been long term renters.

Historically, people in dead end, badly paid jobs have been unable to purchase houses. They rented. As they do now

ukcarper

JencParker wrote: »

No, but in the past they have had affordable alternatives. Why would anyone want to pay rent for the rest of their lives when for the same amount they are paying in rent, they could buy a property and have paid off their mortgage by the time they retire. Have the security of living there as long as they want, can make changes to the property as they like, provided the payments are made which they cannot do in rented property now. It is little wonder that people want to buy rather than rent, even those who historically would have been long term renters.

I had no affordable alternative when I first bought in the 70s. Most private rental property had sitting tenants and were generally sold as soon as they became vacant and council houses although more plentiful was still impossible to get unless you had kids. This was in south east in might have been different in other parts of country.

chucky

JencParker wrote: »

No, but in the past they have had affordable alternatives.

That's not true.

Home ownership in the 1950s, 1960s and 1970s was much lower in comparison to now.

JencParker

chucky wrote: »

That's not true.

Home ownership in the 1950s, 1960s and 1970s was much lower in comparison to now.

??? Yes, because there were affordable alternatives to home ownership. Sale of council houses and the changes in rent law have meant those alternatives rarely exist. Is it any wonder why more people want to own their own home?

chucky

JencParker wrote: »

??? Yes, because there were affordable alternatives to home ownership. Sale of council houses and the changes in rent law have meant those alternatives rarely exist. Is it any wonder why more people want to own their own home?

And again, in the past home ownership in the 1950s, 1960s and 1970s was much lower.

Sale of council houses through Right to Buy took place in the 1980s onwards.

Do you want to come back to me when you have your facts in order?

chewmylegoff

OffGridLiving wrote: »

Ruggedtoast needs to sort out the issues he has with his boomer parents in person instead of spunking his hatred on this forum

Well you've certainly helped to promote his cause by digging up all these old threads.

What next? Perhaps we can dig up all threads by one-issue repeat offenders Hamish's HPI cheerleading sessions or Sibley's HPC threads, or maybe even the "my interest rate gamble continues to pay off" spam that a chap called RennovationMan used to post (look him up, i think you would get along well with him) and splatter them all over the front page just to make sure all the current threads get lost. At least RT posts some pictures to look at...

Good work, well done. Very helpful.