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

chucknorris

spadoosh wrote: »

I have neither the time nor inclination to learn about keeping a banger on the road anymore.

I certainly can fully agree with you on that. I tend to buy them up to about 18 months, and keep them until they either become unreliable or comparatively expensive to maintain. I had my last car from 8 months old to over 11 years old. But I was advised that about £1,800 worth of repairs were necessary, so in reality it was a technical write off. The car before that was over 10 years old, and starting to become unreliable, same thing with the 2 cars before that too.

AG47

The next generation will be able to their own home just as easy as our grandparents did.
There is going to be a correction in the broken property market.
Either property will come down to meet everything else or everything else will be inflated to meet property.

Zero_Sum

AG47 wrote: »

The next generation will be able to their own home just as easy as our grandparents did.
There is going to be a correction in the broken property market.
Either property will come down to meet everything else or everything else will be inflated to meet property.

Or property goes through a period of shrinkflation as we're actually seeing in new builds & London homes being chopped up into flats.

MobileSaver

AG47 wrote: »

The next generation will be able to their own home just as easy as our grandparents did.
There is going to be a correction in the broken property market.
Either property will come down to meet everything else

Where are these millions of affordable homes going to come from?

As Crashy used to point out repeatedly, when prices last dropped significantly all that happened was that the vast majority of owners decided not to sell and transaction levels dropped off a cliff...

As is often the case, be careful what you wish for; lower house prices could actually make it harder for the next generation to buy their own home.

AG47

Zero_Sum wrote: »

Or property goes through a period of shrinkflation as we're actually seeing in new builds & London homes being chopped up into flats.

Yes at makes sense, higher population than generations past.

Smaller homes but affordable on normal wages

AG47

MobileSaver wrote: »

Where are these millions of affordable homes going to come from?

As Crashy used to point out repeatedly, when prices last dropped significantly all that happened was that the vast majority of owners decided not to sell and transaction levels dropped off a cliff...

As is often the case, be careful what you wish for; lower house prices could actually make it harder for the next generation to buy their own home.

The government will have to ramp up the supply increase of affordable homes. This is the only option.

lisyloo

AG47 wrote: »

Yes at makes sense, higher population than generations past.

Smaller homes but affordable on normal wages

You must be joking.
People build flats in London because they can sell a studio at £400k.

London will never be affordable on normal wages because there is too much demand from higher paid people.

triathlon

AG47 wrote: »

The next generation will be able to their own home just as easy as our grandparents did.
There is going to be a correction in the broken property market.
Either property will come down to meet everything else or everything else will be inflated to meet property.

Seriously, that argument has been out there now since the end of the 1990's.

triathlon

Zero_Sum wrote: »

Or property goes through a period of shrinkflation as we're actually seeing in new builds & London homes being chopped up into flats.

This is more likely than ag47 prayer of falling property prices. There is now 1.5 bedrooms for every person in the UK, look back at less than a century ago, even 50 years ago, and see how so many people lived then, some 12 to a room.

We live in a very comfortable country today, why is it that people are dying just to get to our shores owning nothing?

triathlon

If they don't post there already, which I suspect some do, many of the posters on this board would probably take more comfort on HPC.com where they at least have the comfort of agreeing with each other.