Renting in your 40's and staring into the abyss

Graham_Devon

Cornucopia wrote: »

We're talking about two incomes typically being deployed now, where it was probably one or one-and-a-half 50 years ago.

For vast swathes of people one income or one income and a part time income is the absolute norm.

You appear to be forgetting that the very people these discussions often revolve around are not the 50-60 year old. They are the families bringing up children.

Children make gaining, and keeping a dual income very hard. Either one works part time or you have to shell out for childcare from your income. There are a few very lucky people who have free childcare, but it's not really the norm.

ukcarper

Between 1983 and 2013 earnings increased 4x while RPI increased 3x so disposable income has increased considerably over that period. (Figures measuring worth website 2013 latest figures available)

lisyloo

Who said anything about shanty towns?
People that can't own have rented for centuries.
It has never been the case that everyone could buy.
Ownership is not a critical human need neither is it a right regardless of circumstances.
Should the self-employed who've jsut started a business be able to geta mortgage? I'd say common sense says no, not at that particular time.

Graham_Devon

ukcarper wrote: »

Between 1983 and 2013 earnings increased 4x while RPI increased 3x so disposable income has increased considerably over that period. (Figures measuring worth website 2013 latest figures available)

Just a question - why have you picked those dates? Were they on an article or something?

Only those dates span 20 years. For FTB's it's not going to mean much as many of them were in nappies in 1983.

You'd do better looking at a 5 year period as to make the point you make, you have to have allowed people to actually be earning in the timeframes you set out.

lisyloo

Between 1983 and 2013 earnings increased 4x while RPI increased 3x

Do you happen to know the factor for HPI?

ukcarper

Graham_Devon wrote: »

Just a question - why have you picked those dates? Were they on an article or something?

Only those dates span 20 years. For FTB's it's not going to mean much as many of them were in nappies in 1983.

You'd do better looking at a 5 year period as to make the point you make, you have to have allowed people to actually be earning in the timeframes you set out.

I chose those dates because that's how far nationwide figures for earnings to house prices go.

What point do you think I'm trying to make.

ukcarper

lisyloo wrote: »

Do you happen to know the factor for HPI?

Looking at Nationwide somewhere between 6 and 7 depending on what quarter you take.

remorseless

Graham_Devon wrote: »

Children make gaining, and keeping a dual income very hard. Either one works part time or you have to shell out for childcare from your income. There are a few very lucky people who have free childcare, but it's not really the norm.

What happened to their grandparents?
Unless y'all are 20 I struggle to believe you were all raised in private kindergarteners...

I agree childcare is indeed extortionate but that is a for a short time of a child life. Then again now children are driven to school even when they're a way too old to go themselves.
Too dangerous to 'trust' them on their own, vicious cycle, need to pay for 'things' not really needed!!!

Graham_Devon

remorseless wrote: »

What happened to their grandparents?

See this line of argument is just silly.

Do you really need me to explain all the reasons as to why Grandparents may not be able to undertake a childcare role? ....if indeed they want to?

As for a few years, it could quite easily be 15 years of less than optimum working conditions if you have 2 children 3-4 years apart as the majority do.

remorseless

Graham_Devon wrote: »

See this line of argument is just silly.

Do you really need me to explain all the reasons as to why Grandparents may not be able to undertake a childcare role? ....if indeed they want to?

nope, though that's why things are like that. People want a comfy life they need to fork out money and make sacrifices...