Debate House Prices


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Average Mondeo man(young family) in London 2018

It's hard to believe but I failed to find any data on how an average Londoner young family live today. Many that I already know are from an older generation and are married which children in a semi-detached house.

I am thinking what is the life of a young married man 25-35 who owns a Ford Mondeo and live in outer London Borough such as Merton, Sutton or Croydon. Who earns around £26,000 a year and has two children. Someone who is center Left Labour supporter but also a Brexit man.
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Comments

  • sammyjammy
    sammyjammy Posts: 7,963 Forumite
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    :rotfl:Does anyone still own a Mondeo?
    "You've been reading SOS when it's just your clock reading 5:05 "
  • michaels
    michaels Posts: 29,133 Forumite
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    Or get married or have kids before their 30s or have more than 1 kid in the same couple or have a single household income?
    I think....
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
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    It might be because there aren't any people like this who live in the outer London boroughs. They are more likely to be renting an housing association property in a London borough further in.



    Or they have very sensibly moved to somewhere like Birmingham where there money goes further.
  • Herzlos
    Herzlos Posts: 15,926 Forumite
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    sammyjammy wrote: »
    :rotfl:Does anyone still own a Mondeo?


    I think it's now BMW 3 Series man. Which is a shame because the Mondeo is actually a really good car.
  • zagubov
    zagubov Posts: 17,938 Forumite
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    I live in outer London. A car's not a great asset in London. Parking issues mean you'd rarely use it.
    Nobody in their twenties dares to start a family. No homes are affordable for a single person. They'd be renting with others, living at home or lodging in digs. If they can get in with others they might own a flat in their thirties.

    Or, if sensible, moved to points north where they won't have to live in a shoebox.

    Aah, Cakeguts, beat me to it! :)
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    toomsie wrote: »
    I am thinking what is the life of a young married man 25-35 who owns a Ford Mondeo and live in outer London Borough such as Merton, Sutton or Croydon.

    Couldn't afford to live there over 30 years ago. Ended up buying in Biggin Hill as further out.
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
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    Thrugelmir wrote: »
    Couldn't afford to live there over 30 years ago. Ended up buying in Biggin Hill as further out.


    My father couldn't afford to move to London and maintain his lifestyle in the 60s and yet people still think that not being able to afford to live in London is recent problem.
  • lisyloo
    lisyloo Posts: 30,086 Forumite
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    Cakeguts wrote: »
    My father couldn't afford to move to London and maintain his lifestyle in the 60s and yet people still think that not being able to afford to live in London is recent problem.


    Your father (if he was modeo man) probably could afford to buy somewhere outside London, have his wife not work and start a family in his 20's.
    My parents did and they were ordinary working class.
    I think that is different.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
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    lisyloo wrote: »
    Your father (if he was modeo man) probably could afford to buy somewhere outside London, have his wife not work and start a family in his 20's.
    My parents did and they were ordinary working class.
    I think that is different.
    I'd say it depends where you live, I was earning much more the equivalent of £26k in early 70s wife worked no kids and still had to move out to Surrey/Hants border to be able to buy.
  • Sapphire
    Sapphire Posts: 4,269 Forumite
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    edited 22 October 2018 at 1:11PM
    ukcarper wrote: »
    I'd say it depends where you live, I was earning much more the equivalent of £26k in early 70s wife worked no kids and still had to move out to Surrey/Hants border to be able to buy.

    Yes. London was always expensive to buy property in. I don't think people take into account just how low the wages were when some people were buying properties in London, which were often decrepit, with London being generally far more of a dump than it is now. Also, when they bought the places, they didn't expect to extend them, or put in the latest kitchens, bathrooms and so on, but most just lived with what they got, barring some DIY, for many years. I looked up some paperwork of an elder in my family, and in the 1970s that person was earning £1,914 p.a., not at all uncommon in those days.

    Talking about people currently in their thirties with families (a couple of offspring, usually), around where I am they are generally house (not flat) owners. Many are extending already large enough houses upwards, backwards and/or sideways. Everyone seems to feel the desirable thing is to have upwards of four bedrooms, something that now-older people never even considered when they were buying homes for themselves and their children, often with quite a lot of self-sacrifice on their part. The building works are constant in all the side streets around me. It is clearly not 'elderly' people, but young ones, who are spending money on these works.
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