Frustrated young person

Moto2

IveSeenTheLight wrote: »

Interestingly the average age of marriage has increased by 6-7 years yet average age of buying a house has only increased by 3 years.

Part of the variation could be due to changing attitudes to living together un-married and also less pressure from families to find somewhere and 'settle down'

ukcarper

Moto2 wrote: »

Part of the variation could be due to changing attitudes to living together un-married and also less pressure from families to find somewhere and 'settle down'

I agree another thing that could be effecting FTB age is that a lot more single people buy now.

andy.m_2

The younger generation also seem to take a lot more credit a lot earlier, people think nothing of having 25% or more of their take home go out the door on consumable items, TV, phones, tablets etc.

[Deleted User]

andy.m wrote: »

The younger generation also seem to take a lot more credit a lot earlier, people think nothing of having 25% or more of their take home go out the door on consumable items, TV, phones, tablets etc.

Because no one ever bought £150 Sony walkmen, £800 BBC Micro computers, £500 VHS players, rented their washing machines.... (And I also remember a neighbour spend £2000 on an IBM 286 computer back in the early 90s)

Yet, for a long time you could leave school with no qualifications and find work. If you had A Levels you could do pretty well without a degree. If you were able to get a degree, you'd leave without debt and you're probably a company MD right now considering what to do with your massive final salary pension...

Young people now have to make far more of an investment in their young lives .. leaving uni at 21 with a degree is now akin to leaving school at 18 with A Levels 20 years ago. So it's no wonder the age of first home has gone up.

Fieldsofgold

the_flying_pig wrote: »

i've no idea what you're talking about.

the average age has gone up. this is very obviously not the same thing as saying that no 'older' people ever were FTBs back in the day.

So ftb are now,on average 3 years older than they were 40 years ago? Don't you think that the fact that 300% more people now spend 3years at university might have something to do with this?

Moto2

ringo_24601 wrote: »

Because no one ever bought £150 Sony walkmen, £800 BBC Micro computers, £500 VHS players, rented their washing machines.... (And I also remember a neighbour spend £2000 on an IBM 286 computer back in the early 90s)

.

I think your prices are a bit inflated there, a BBC Model B was £350 ish, my 2 brothers and me clubbed in together to get one.

People were buying expensive tech but it was nowhere near as universal as it seems now, I certainly didn't know more than 1 or 2 people that got a Walkman when they were introduced, I do remember trying one though - pretty amazing at the time.

Percy1983

Dare I say the bigger problem here is regression.

Its all very well things have been this bad before, the problem stems with how its got better and then went backwards leaving many better off just due to there year of birth.

I will add when there was problems in the 60/70s how many council houses was there?

Percy1983

Moto2 wrote: »

I think your prices are a bit inflated there, a BBC Model B was £350 ish, my 2 brothers and me clubbed in together to get one.

People were buying expensive tech but it was nowhere near as universal as it seems now, I certainly didn't know more than 1 or 2 people that got a Walkman when they were introduced, I do remember trying one though - pretty amazing at the time.

Is it relative to cost, ie I can run a smart phone for less than they could run a BT line for in the 70s

As with BBC model B, at £350 what is that in adjusted money, then see how many people have PCs costing that much and how many have much cheaper machines.

IveSeenTheLight

Moto2 wrote: »

Part of the variation could be due to changing attitudes to living together un-married and also less pressure from families to find somewhere and 'settle down'

I agree, which is why with only a three year variation in average FTB age over 40 years, I'm surprised it's not higher.

Fieldsofgold

Percy1983 wrote: »

Dare I say the bigger problem here is regression.

Its all very well things have been this bad before, the problem stems with how its got better and then went backwards leaving many better off just due to there year of birth.

I will add when there was problems in the 60/70s how many council houses was there?

In many areas of the SE it was incredibly difficult to get a council property in those decades.