House prices have risen 6.9% a year since 1980 according to the ONS

Thrugelmir

tkane wrote: »

Buy to let still not making sense to HPC'ers?

If you are buying for the long term, which most BTLers are, property makes every bit of sense :beer:

Only seven out of the last 33 years have seen house prices go down, and the highest ever increase was in 1988 - not in the last 15 years as most would assume.

What does this tell us about tomorrow?

tkane

Thrugelmir wrote: »

What does this tell us about tomorrow?

What do you want to know about tomorrow?

Libber

tkane wrote: »

Hmm so wage inflation not too dissimilar to house price inflation over that period, which should mean that home ownership shouldn't be such a big issue even at current prices.

Either that, or it means home ownership has been out of reach for the past 33 years.

1.6% compounded over 33 years is 69%, so wage inflation has been immensely outstripped by house price inflation. Obviously that's been offset to some degree by the concomitant decline in interest rates and general inflation but housing today is significantly less affordable for most than it was 30 years ago, and it seems equally clear that this trend cannot continue indefinitely.

ruggedtoast

They should just change the name of these things to 'The Young Have Been Shafted' Indexes.

"The young have been shafted by 12.5% this year, which is a tremendous increase on last years shafting of just 4.2%. It is hoped that with new government policies in place that 2017 will lead to a record growth in shafting of the young by 17%. Meanwhile, the boomers are not expecting to be shafted at all." BBC News.

CLAPTON

ruggedtoast wrote: »

They should just change the name of these things to 'The Young Have Been Shafted' Indexes.

"The young have been shafted by 12.5% this year, which is a tremendous increase on last years shafting of just 4.2%. It is hoped that with new government policies in place that 2017 will lead to a record growth in shafting of the young by 17%. Meanwhile, the boomers are not expecting to be shafted at all." BBC News.

surely you could try to have a reconciliation with your parents?
clearly we don't know the full background but there is professional help available for you.

tkane

ruggedtoast wrote: »

They should just change the name of these things to 'The Young Have Been Shafted' Indexes.

"The young have been shafted by 12.5% this year, which is a tremendous increase on last years shafting of just 4.2%. It is hoped that with new government policies in place that 2017 will lead to a record growth in shafting of the young by 17%. Meanwhile, the boomers are not expecting to be shafted at all." BBC News.

I am young, late 20's, came to this country as an immigrant and don't feel shafted. I worked my !!!! off to get into a grammar school and then into one of the best universities in the country and as a result I am in a comfortable financial position.

Neither of my parents have university educations and they are still both very much 'working class' - although I help them significantly these days.

Point is, you have everything in this country to make it and be successful. I hate seeing people whining at everything when in fact the UK is one of only a few countries where you can make it from nothing.

Be grateful for what this country has to offer, I certainly am.

Jack_Johnson_the_acorn

ruggedtoast wrote: »

They should just change the name of these things to 'The Young Have Been Shafted' Indexes.

"The young have been shafted by 12.5% this year, which is a tremendous increase on last years shafting of just 4.2%. It is hoped that with new government policies in place that 2017 will lead to a record growth in shafting of the young by 17%. Meanwhile, the boomers are not expecting to be shafted at all." BBC News.

BOOHOO, Wife and I aged 23 & 25 respectively, bought our house on a modest enough income, both of us work and made a couple of sacrifices, maybe you should learn to do the same, rather than whining about how you've been screwed over every 10 mins...... Neither of us holidayed for 2 years and we saved like troopers for a year to get our 10% deposit together.

ruggedtoast

CLAPTON wrote: »

surely you could try to have a reconciliation with your parents?
clearly we don't know the full background but there is professional help available for you.

Listen Pops. An expert on anti immigration right wing politics you may be. A doyen of the plight affecting the youth of today you are not.

Before you go around castigating the young for failing to have the benefit of your opportunities spend a moment in their moccasins.

Why don't you go and spend a few nights helping out in a homeless shelter, or volunteer to drive the minubus in a youth group.

You would get a whole new perspective on life.

And then you might not be so mean.

ruggedtoast

Jack_Johnson_the_acorn wrote: »

BOOHOO, Wife and I aged 23 & 25 respectively, bought our house on a modest enough income, both of us work and made a couple of sacrifices, maybe you should learn to do the same, rather than whining about how you've been screwed over every 10 mins...... Neither of us holidayed for 2 years and we saved like troopers for a year to get our 10% deposit together.

I don't want you to make sacrifices Mr Acorn. I want you to live and dance and sing and enjoy the precious gift that is your youth without having to worry about fixed or variable rates, without having to subsume your identity into a financial system that wants only to masticate you.

Beneath your bean counting exterior don't you want that for yourself? Just a little bit.

ruggedtoast

tkane wrote: »

I am young, late 20's, came to this country as an immigrant and don't feel shafted. I worked my !!!! off to get into a grammar school and then into one of the best universities in the country and as a result I am in a comfortable financial position.

Neither of my parents have university educations and they are still both very much 'working class' - although I help them significantly these days.

Point is, you have everything in this country to make it and be successful. I hate seeing people whining at everything when in fact the UK is one of only a few countries where you can make it from nothing.

Be grateful for what this country has to offer, I certainly am.

Fair enough. Dont forget that part of the cultural identity of the UK is pressing for change, and not being shot in the head when you criticise the status quo.

It takes all sorts.