Generation Rent pushed to breaking point as London prices double

Rinoa

ruggedtoast wrote: »

And I also own a property already, thank you and good day.

So, just as culpable as the boomers you despise.

ash28

JencParker wrote: »

So the ability to buy a property should be limited to couples only? If you're single you're gonna have to rent?

In times gone by women gave up work to have children so it was still affordable on one salary.

In times gone by women couldn't get a mortgage on their own (they had to have a male guarantor) and that was still like that in the 1970s.....some women HAD to leave work when they got married (some companies operated a marriage bar) and you generally had to leave when you pregnant and there wasn't an option to go back. And you could be sacked if you got pregnant until 1975......

Women couldn't get a loan or credit in their own name until 1980.....

Until 1990 women earnings were classed and taxed as part of their husband's earnings and were declared on his tax return.......

It wasn't necessarily because women wanted to stay at home when they got married and had children - they often had very little choice and only 3 x one income and + 1 x second income (if you were lucky) was used for a mortgage.

Don't think for one minute that if the financing had been available to allow more money to be spent on a house it wouldn't have been. Most people had little choice other than to buy a cheap place to do up over time and then move when they had a bit more equity and earned a bit more.

And I think someone else pointed out that single people generally lived at home and saved the deposit for a house.....they didn't move into rented, have a couple of kids and then moan because they couldn't save a deposit because they pay rent to a greedy landlord.

robmatic

CLAPTON wrote: »

Why do you say the quality of life is better in Edinburgh rather than London?

I live in a pleasant crime-free area which is walking distance from work (5 mins) and the city centre with its varied shops, cultural venues, sporting stadia, good restaurants, pubs etc. is not much further away. At the weekend I can leave home and be at the foot of a Munro in less time than it takes for someone to commute to work in London.

CLAPTON

robmatic wrote: »

I live in a pleasant crime-free area which is walking distance from work (5 mins) and the city centre with its varied shops, cultural venues, sporting stadia, good restaurants, pubs etc. is not much further away. At the weekend I can leave home and be at the foot of a Munro in less time than it takes for someone to commute to work in London.

You indeed a have a pleasant environment : London it's true can't compete with a munro on the door, but it has must better weather, lacks those dreadful long dark winter evening / nights, has masses of wonderful parks and open spaces. Many people live have a short journey to work: I'm pretty sure that not all people that work in Edinburgh has a 5 minute commute.

I'm not suggesting that Edinburgh doesn't suit you very well, but the quality of life in London can be very high too.

Loughton_Monkey

ash28 wrote: »

......

Most people had little choice other than to buy a cheap place to do up over time and then move when they had a bit more equity and earned a bit more.

And I think someone else pointed out that single people generally lived at home and saved the deposit for a house.....they didn't move into rented, have a couple of kids and then moan because they couldn't save a deposit because they pay rent to a greedy landlord.

Exactly right!

Although they will never admit it, younger people have far more money - all other things equal - than people of my generation. Personally (especially not having children) I don't give a monkey's cuss about how they choose to spend it.

Many choose to buy a car [instead of, say, a cheap motor bike] and often tend to choose to move out and rent - with or without partner. None of this bothers me one iota. Why would it?

But I find it curious in the extrem when people who have made these choices whinge and moan about not being able to buy a house. Even worse, they whinge about not being able to afford a "proper" house, let alone a "starter house".

I blame the education system.

Having said that, I suspect there were quite a few 'profligate' ones in my time. They are probably in abject poverty these days. And also, there are 20-somethings today who do understand these things and arrange their finances sensibly. They will do well. But it's a question of scale.

ruggedtoast

CLAPTON wrote: »

You indeed a have a pleasant environment : London it's true can't compete with a munro on the door, but it has must better weather, lacks those dreadful long dark winter evening / nights, has masses of wonderful parks and open spaces. Many people live have a short journey to work: I'm pretty sure that not all people that work in Edinburgh has a 5 minute commute.

I'm not suggesting that Edinburgh doesn't suit you very well, but the quality of life in London can be very high too.

I would choose Edinburgh any day over London, if it weren't for the weather. For that reason alone I could never live in Scotland. The winters last forever and the summers are over before you realise they have begun.

CLAPTON

ruggedtoast wrote: »

I would choose Edinburgh any day over London, if it weren't for the weather. For that reason alone I could never live in Scotland. The winters last forever and the summers are over before you realise they have begun.

a very decisive and useful post


.................................

grizzly1911

CLAPTON wrote: »

You indeed a have a pleasant environment : London it's true can't compete with a munro on the door, but it has must better weather, lacks those dreadful long dark winter evening / nights, has masses of wonderful parks and open spaces. Many people live have a short journey to work: I'm pretty sure that not all people that work in Edinburgh has a 5 minute commute.

I'm not suggesting that Edinburgh doesn't suit you very well, but the quality of life in London can be very high too.

Do you live there?

Have you lived there? If so when and what made you leave? Would you want to go back?

What would you consider a high quality of life to contain for the average Jo(e) and how does London deliver this?

Just curious.

CLAPTON

grizzly1911 wrote: »

Do you live there?

Have you lived there? If so when and what made you leave? Would you want to go back?

Just curious.

Since you asked........

I have lived many places including London but not Edinburgh (although I have visited )

Curiously I left because of my job.

Love London but love where I live now too and have too many friends here now.

Prices in London in many places have gone completely mad but I love the crowds and vibrancy and the wonderful open spaces and the quiet village like back streets and the restaurants (cheap too ..competition) and climate, arts, cycle paths, Hampstead Heath, museums, south bank, south kensington, north & south downs, Lea Valley, Thames, Battersea park etc etc

Of course I'm not saying it's for everyone but then nowhere is.


I doubt I would go back but only because life has moved on and London property prices are unaffordable for where I would want to live.



each to their own but I would only criticise somewhere that I had reasonable knowledge of

gwen80

ash28 wrote: »

And I think someone else pointed out that single people generally lived at home and saved the deposit for a house.....they didn't move into rented, have a couple of kids and then moan because they couldn't save a deposit because they pay rent to a greedy landlord.

I'm not arguing with you as such, but wanted to point out that today if you live at home, you're likely to be seen as some sort of Mummy's girl/boy.

Also having moved 3 times for work in the last 11 years, I couldn't have lived at home and saved for a deposit if I'd have wanted to unless I changed fields completely. I think that's another major factor in the housing issue. I suspect you used to live in a place and find work there, these days you look for work and then live there for however long until you need to look for work again.

Before anyone shoots me down in flames, I'm not moaning about house prices as such. I already have a house.