Have the last 20yrs been more difficult to buy a property?

JamesN

triathlon said:

This thread really should be changed to have young adults become way to soft in the last 20 years and want everything handed on a plate with zero struggling or pain.

No sympathy at all from me

Yes, no young adults are struggling at the minute or working hard. What a silly thing to say.
How old were you when you bought your first house? How did you struggle?

dinsdale_

Looking at this graph below shows the supply and demand. This must have an impact on how easy/hard it is to buy a property.
The website mentions 'Right to Buy' and 'Immigration explosion' as being factors in the divergence of supply and demand.

CreditCardChris

I'd say it was 10x easier to get onto the property ladder 30 - 40 years ago than it is today.
Boomers love to bring up the interest rate difference but the reality of it is the house to salary ratio back then was 2x or maybe 3x in London. Now it's 6x - 8x which means we can't even get on the damn ladder without earning £50k a year and a 25% deposit. 

The housing market have become monopolised by boomers and foreign investors who scooped them up for dirt cheap. That's why I'm moving to Canada, this country is damaged beyond repair I'm afraid.

ukcarper

CreditCardChris said:

I'd say it was 10x easier to get onto the property ladder 30 - 40 years ago than it is today.
Boomers love to bring up the interest rate difference but the reality of it is the house to salary ratio back then was 2x or maybe 3x in London. Now it's 6x - 8x which means we can't even get on the damn ladder without earning £50k a year and a 25% deposit. 

The housing market have become monopolised by boomers and foreign investors who scooped them up for dirt cheap. That's why I'm moving to Canada, this country is damaged beyond repair I'm afraid.

Perhaps you should do a bit of research instead of making rash claims.  Post like this are just as bad as post saying it's no harder than it's ever been.