| the young buying houses 10:41 - Feb 7 with 2838 views | britferry |
Just watching the telly, they going on what Kirstie Allsopp said about the young saving for to buy a house. She said 'When I bought my first property, going abroad, the EasyJet, coffee, gym, Netflix lifestyle didn’t exist'
Some stats:
In 1993, the average salary was £11k and an average house was £51k, about 4.5 times your salary.
Now the wage is £25k but the house is £255k, 10 times your wage.
For me, I'm with Kirstie, I live opposite a students house, they have deliveries all times of days, takeaways, groceries, and the obvious eBay/Amazon.
how the hell can they afford all of this, I never did when I was a student.
They just don't understand money. |  |
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| the young buying houses on 14:14 - Feb 10 with 620 views | controversial_jack |
| the young buying houses on 18:51 - Feb 9 by Gwyn737 |
Whilst not wanting to disparage the stories about how hard people worked to get on the ladder (which should be applauded) I don’t think some are attributing enough to the good fortune of timing.
I bought my first flat in 2002 for £73k with a relatively small amount of cash saved and a 100% mortgage, which were readily available and all the rage at the time.
I’ve moved 3 times since then and with the exception of a bit of decorating, did nothing to the properties. Each move (around 6 years apart) saw the price of each property increase by between a third and a half purely down to the market.
So with just the good fortune of timing I’ve managed to enable my boy, when the time comes, to get on the ladder. It’s just luck.
Many youngsters will never be that fortunate to see enough money handed down to make a start with house prices now so high compared to wages.
I find Alsopps’s comments incredibly condescending. |
Yes it's down to timing and luck. | | | |
| the young buying houses on 16:13 - Feb 10 with 574 views | raynor94 |
| the young buying houses on 10:05 - Feb 10 by union_jack |
It’s the same with cars. I had to buy cheap and do them up. Many lost oil at the rate similar to what an oil producing country could produce. Many didn’t start in the cooler nights and when you most needed them to. A bit of rain and you needed wellies in the car.
Nowadays, kids run around in their new acne carriages without a care in the world.
And now I sound like a bitter, grumpy old man. Which I am. |
Poor little dabs are to busy running around in their leased Audis and paying through the nose for the latest I phone.
Life is all about choices |  |
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| the young buying houses on 16:53 - Feb 10 with 561 views | controversial_jack |
| the young buying houses on 16:13 - Feb 10 by raynor94 |
Poor little dabs are to busy running around in their leased Audis and paying through the nose for the latest I phone.
Life is all about choices |
There is that of course, but choices for many are more limited than when we were young. They can't walk into nice 4 year apprenticeships or get final salary pensions like we did.
It's a lot tougher out there today than it was during the 70s , despite all the gadgets and technology available.That's all just a veneer. | | | |
| the young buying houses on 16:58 - Feb 10 with 559 views | Catullus |
| the young buying houses on 16:53 - Feb 10 by controversial_jack |
There is that of course, but choices for many are more limited than when we were young. They can't walk into nice 4 year apprenticeships or get final salary pensions like we did.
It's a lot tougher out there today than it was during the 70s , despite all the gadgets and technology available.That's all just a veneer. |
It is veneer and how many of us find our working lives ruled by technology these days, PDA's/palm held "managers" that tell you what to do and where to go and keep a track of how quickly you work.
It was tough back in the day but tough in a different way. | |
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| the young buying houses on 21:56 - Feb 10 with 508 views | Dr_Winston |
30 seconds on Zoopla revealed 80 properties in the immediate Swansea area available for £100k or less. Sure, if you want a three bed semi then that's going to cost a bit more, but at those prices a lot of people still have a good chance to get their feet on the housing ladder. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| the young buying houses on 10:34 - Feb 11 with 475 views | 73__73 |
| the young buying houses on 10:51 - Feb 7 by onehunglow |
That said,we are obsessed with buying houses. Foreigners have no problem with renting |
Do you rent then ? | |
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| the young buying houses on 13:09 - Feb 11 with 457 views | Catullus |
| the young buying houses on 21:56 - Feb 10 by Dr_Winston |
30 seconds on Zoopla revealed 80 properties in the immediate Swansea area available for £100k or less. Sure, if you want a three bed semi then that's going to cost a bit more, but at those prices a lot of people still have a good chance to get their feet on the housing ladder. |
Yes but what condition are those houses in, where are they in Swansea AND how many young people are there trying to buy?
Then, can the young person/couple raise the deposit?
When we were looking to move we very quickly ruled out over half the houses we could afford because of location. | |
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| the young buying houses on 18:24 - Feb 11 with 407 views | Whiterockin |
| the young buying houses on 10:34 - Feb 11 by 73__73 |
Do you rent then ? |
Probably not a chance or his children. A case of do as I say, not do as I do. |  | | |
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