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

AG47

triathlon wrote: »

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

What nonsense are you talking about?

Back in the 1990s anybody could buy a house with a normal job.

This will happen again, broken markets always correct eventually

AG47

triathlon wrote: »

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.

I wonder if there is a biased Perma Prop Bull website, because many of the posters on this forum would be happier there, at least they have the comfort of all agreeywith each each other:rotfl::T

lisyloo

AG47 wrote: »

I wonder if there is a biased Perma Prop Bull website, because many of the posters on this forum would be happier there, at least they have the comfort of all agreeywith each each other:rotfl::T

Wealthy and/or happy people don’t require the agreement/approval of others.

westernpromise

AG47 wrote: »

What nonsense are you talking about?

Back in the 1990s anybody could buy a house with a normal job.

This will happen again, broken markets always correct eventually

Back in the 1990s many were stuck in houses with negative equity at 17% mortgage rates. Nirvana!

westernpromise

AG47 wrote: »

I wonder if there is a biased Perma Prop Bull website, because many of the posters on this forum would be happier there, at least they have the comfort of all agreeywith each each other:rotfl::T

Rubbish, we disagree a lot. I am always right yet lisyloo for some reason does not get this and often unaccountably disagrees with me.

You in contrast are your own one-man echo-chamber. You regularly reply to your own posts agreeing with yourself.

lisyloo

westernpromise wrote: »

Rubbish, we disagree a lot. I am always right yet lisyloo for some reason does not get this and often unaccountably disagrees with me..

Well have to agree to disagree on that :T

triathlon

AG47 wrote: »

I wonder if there is a biased Perma Prop Bull website, because many of the posters on this forum would be happier there, at least they have the comfort of all agreeywith each each other:rotfl::T

We are just talking the real world that we have have been living in, going on your advice that would be like having our own website on how to digest food where as you are banking on a prayer.

triathlon

westernpromise wrote: »

Back in the 1990s many were stuck in houses with negative equity at 17% mortgage rates. Nirvana!

I did think about telling him that myself, but why bother, some people just will not listen. Leaving the ERM turned things around eventually and by late 1990's it was as good a time as any to get into property. That was about the same time the doomsters arrived on the scene.

HAMISH_MCTAVISH

AG47 wrote: »

A normal job let’s just say is min wage x 40 hrs or thereabouts.

:rotfl::rotfl::rotfl:

85% of the population earn more than minimum wage.

Minimum wage is not 'normal', it's a tiny minority who are the poorest in society, and that segment has never (on average) been able to afford the average house.

Having said that, even today, there are plenty areas of the country where someone on minimum wage can afford to buy a starter flat at least, and even more areas where a couple on minimum wage can buy a small family house.

AG47

westernpromise wrote: »

Back in the 1990s many were stuck in houses with negative equity at 17% mortgage rates. Nirvana!

Yes and the next generation could afford to buy a home fairly easy with a normal job. Unlike today.

The disconnect can’t get any wider, it has to drag up the price of everything else or come down to meet it. End of story.