Will the next generation be able to buy their own house?

snowqueen555

We have home working in civil service. It is a nice perk to have, and it varies between departments. In some ways it is great for the employee, but too much home working definitely has it's downsides in my particular experience.

If your role is fairly autonomous then it isn't nearly as big a problem.

worried_jim

Herzlos wrote: »

I'm not saying it'll happen overnight, but in the next decade I reckon it will be unusual to make staff commute into a central office from 9-5 and do stuff they could have done from a satellite office / shared space / home office. I think it needs to happen in an attempt to deal curb environmental damage and congestion.

I work from home 2/3 days a week and find it more productive. I can get home on a Tuesday afternoon and not leave the house again till Monday morning sometimes. I'm sure in the next 18 months I'll never go into work again, with video calling there is no need. If someone had suggested I'd have been doing this even a year ago I'd have laughed.

Sailtheworld

AFF8879 wrote: »

I think you’re right for the most part, but where the telecommuting idea really makes a difference is professional jobs in city centres. People in those sorts of career jobs (bankers, lawyers, accountants etc) would generally be trusted to manage their own schedule.

That's why it'll take a while longer. Of course professional types who can set their own rules won't have any issues and nor will people who have an output that is easy to measure / monitor.

I know plenty of businesses where people are considered grown up enough to manage their own schedules as long as they do it sat at their office desks. When a company is unsure about whether to adopt something new it can be easier to say no rather than yes.

The-Joker

So what is the general opinion will the next generation be able to buy their own homes easier than currently?

RelievedSheff

The-Joker wrote: »

So what is the general opinion will the next generation be able to buy their own homes easier than currently?

No. They will struggle to get on the ladder just like they have for the earlier generations.

It has always been the case and always will be. That first rung is the hardest to reach.

The-Joker

RelievedSheff wrote: »

No. They will struggle to get on the ladder just like they have for the earlier generations.

It has always been the case and always will be. That first rung is the hardest to reach.

You are wrong to say it always been this hard

The gap between average earnings to average property in any given area has never been so high

I think things will return to times past and it will be easier for the next generation than this one

Zero_Sum

The-Joker wrote: »

You are wrong to say it always been this hard

The gap between average earnings to average property in any given area has never been so high

I think things will return to times past and it will be easier for the next generation than this one

In any given area?
You're completely wrong
https://www.economicshelp.org/wp-content/uploads/2017/06/FTB-earnings.png

In my area houses are up to 40% lower in real terms since 2007.
Houses in the north are loads more affordable than pre crash as theres now help to buy, lower rates etc.

As i keep saying, its a London problem. Its a pity our ruling elite refuse to recognise this.

The-Joker

Herzlos wrote: »

It's becoming more popular and will eventually hit a critical mass where staff will be able to work almost entirely from home. The last few places I've interviewed for have all mentioned allowances to work from home, which seems to be a new thing. Companies are trying to be more streamlined and nimble.


I'm not saying it'll happen overnight, but in the next decade I reckon it will be unusual to make staff commute into a central office from 9-5 and do stuff they could have done from a satellite office / shared space / home office. I think it needs to happen in an attempt to deal curb environmental damage and congestion.

If what you are saying becomes true then the next generation will certainly be able to buy their own homes easier than the current

Especially in cities

RealElement47

The perma prop bulls seem to think property goes up more than inflation all the time with no significant downturns or crashes in the property market ever.

If that were true then there would come a time when the next generation would no longer be able to buy a house.

The truth is that at times yes property goes up more than inflation and then other times there are corrections which balances it out.

So yes next generations will be able to buy their own homes even on normal low incomes. At the moment somebody on low income can't buy their own homes easily which means property is overvalued.

There will come a time when property is undervalued again

Barny1979

Maybe the current younger generation spend disposable income on Sky, Netflix, beer, nights out, cars on hire purchase etc, that weren’t out there for similar ages in previous generations?