"Generation rent" - did ppl really marry in their 20s and buy a house?

jjlandlord

supermassive wrote: »

There's no reason that anyone who wants to buy a house and has the ability to afford it shouldn't have one

True, and that's exactly the current situation.
Anyone who wants to buy a house and can afford it has one.

Torry_Quine

jjlandlord wrote: »

Of course!



Really?

Yes really, I think of it as a home rather than some kind of investment for the future.

I try to be fair in my dealings with others so getting as much as possible while spending as little as possible wouldn't fit with my conscience.

Percy1983

wotsthat wrote: »

..and both are going to demand unearned HPI from our poor young buyer.

If the price is the same then it makes no difference to a buyer whether they're buying from a nice person crying their eyes out about receiving unearned income or a nasty person getting exactly the same sum but groin thrusting their way down the garden path.

In the absence of any action to change the status quo your position on the moral high ground is based purely on a certificate of niceness issued by yourself.

Well so far I have based my votes in elections on the party who I believe will do the best in regards to not ripping off the young to fund 4x4s for the old.

To a point I am mostly happy with things are at the minute with generally stagnation outside of London, but of course if there is something more I can do let me know and I will do it.

I will add any plan which involves me running myself into financial ruin isn't an option before the usual (ie the usual, sell you house at half market rate to a young person suggestion).

lisyloo

There's no reason that anyone who wants to buy a house and has the ability to afford it shouldn't have one

So you think the population can increase indefinitely and they can all have houses with hardly any building going on?
I see the main problem as the lack of supply (plus smaller housholds and higher population).

Generali

Torry_Quine wrote: »

Yes really, I think of it as a home rather than some kind of investment for the future.

I try to be fair in my dealings with others so getting as much as possible while spending as little as possible wouldn't fit with my conscience.

Even if you're not investing for capital value you're going to receive a lifetime of imputed rents.

Torry_Quine

Generali wrote: »

Even if you're not investing for capital value you're going to receive a lifetime of imputed rents.

I live in my home!

Nikkster

Torry_Quine wrote: »

I live in my home!

I think that's what Generali meant - the rent you'll save?

Generali

Torry_Quine wrote: »

I live in my home!

That's economist double speak for the same thing!

Torry_Quine

Nikkster wrote: »

I think that's what Generali meant - the rent you'll save?

Generali wrote: »

That's economist double speak for the same thing!

I paid for a mortgage instead and the rates were very much higher than now and of course as an owner have bills for the upkeep which a renter doesn't have.

I would much preferred to rent a council house but the choice wasn't available.

Generali

Torry_Quine wrote: »

I paid for a mortgage instead and the rates were very much higher than now and of course as an owner have bills for the upkeep which a renter doesn't have.

I would much preferred to rent a council house but the choice wasn't available.

Of course you would, you get a massive subsidy from the taxpayer that way!