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

chucknorris

DannyGold wrote: »

Good thing the perma prop bulls are wrong and have always been wrong

At least you have something in common with them then. The sad thing is that you are real, whereas the PPB are made up.

triathlon

westernpromise wrote: »

None have ever existed. There's an important difference you haven't appreciated between people who doubt your ability to forecast the timing of corrections, and people who think there will never be one. The former group describes everyone here; the latter group does not exist.

HTH!

housepricecrash.com 20 years now, and next week we will have a centre right government for 5 years, before you know it they will be 30 years in the waiting, beyond sad

westernpromise

Crashy Time sold to rent 23 years ago and is still renting, waiting for that crash. In two more years he'd have been mortgage free.

He's ruined his life by listening to crash trolls.

The-Joker

If the next generation are not able to buy their own homes because property keeps going up more than everything else then the perma prop bulls will have been correct all along.

If the perma property bulls are wrong and there is a correction in property at some point so that property only goes up as much as everything else (normal inflation) then the next generation will be able to buy their own homes with no more difficulties than the last few generations😁

The-Joker

All things considered have the last 20yrs been more difficult for average people to buy a home than the 20yrs before?

I would say yes, even though we have emergency low interest rates which have not yet Eder because the emergency or crisis is still ongoing, it was easier in the 1980s nd 1990s for average people to buy a home?

lisyloo

I’d say it was easier in the 80 and 90s but that was an exception and not the norm.
You don’t have to go back too many decades when women incomes were not considered or were a line on their husbands tax return.
Mortgages were a lot less available. Traditionally you could only get a mortgage with a bank or building society that you’d proved yourself with for many years.

I bought my first home in the 90s with zero deposit though a shared equity scheme. Those schemes did not exist in the past. In our case it worked out well and enabled us to buy without saving for a deposit I.e. earlier than we would have done otherwise.

What I have observed is that less successful aquaintances spend their time moaning and pontificating and more successful ones get on an take action even if their circumstances aren’t great. I know which group I want to be in.

triathlon

The-Joker wrote: »

If the next generation are not able to buy their own homes because property keeps going up more than everything else then the perma prop bulls will have been correct all along.

If the perma property bulls are wrong and there is a correction in property at some point so that property only goes up as much as everything else (normal inflation) then the next generation will be able to buy their own homes with no more difficulties than the last few generations😁

Oh!, are we still on that "perma bull" nonsense.

Anybody, has he yet named just one "perma bull" yet?, or is it just something he is going to forever repeat it in order to mask his own inability to buy his own home. Homes are affordable for many people, that data is out monthly to prove it, it's just that you are not one of them. Maybe homeowners that have put 20 years of sacrifice into owing their own home, maybe they are perma bulls?, you will have to tell us