House price gravy train may have hit the buffers
- Thread starter JohnD
- Start date
Nosey doesn’t understand that the majority of today’s youth would put a plastic watch that cost the best part of half a youngsters weekly wage before saving up for a house deposit. Penny rich and pound poor we used to call it.
It's more the difficulty attributing the lash-up of words he vomited out, to the image. I know aveatry is not the brightest, but that is a stretch right there.
A house costs a lot more than £335
A journey of a thousand miles begins with a single step.
As the average price for a house in the UK is over a quarter million quid i suspect the journey is a lot longer than that.
The point is, they would rather spend their money on things that are not essential. We saved like crazy to get a deposit for house and I sold my prized Capri 2.0S and bought a Cortina with no engine in it. Even then, we could only afford a complete damp, woodworm infested wreck and had to live upstairs for the first year.
Like you are, you mean?
I'd ask what you mean by that but i ain't got time to dance around the houses.
Ditto
More likely to be middle-aged, the people who had them the first time around re-living their youth.
Just saw a news item on the Beeb where flats bought by pensioners for up to 200k a few years ago are now selling as low as £9000 at auction. All that money in a triple lock pension went straight into developers pockets - is this the 'trickle down economy', the Britannia Unhinged clique keep crowing about?
Every generation has always wasted some of their money on tat, it's nothing new. Cars, holidays, hi-fi, whatever.
The difference for many young people, especially in some parts of the UK, is that the first rung of the ladder is so far above their heads that it's not worth bothering to try and reach it. So I completely understand them drowning their sorrows by living for now, as there's no attainable long-term goal to aim for.
Most wouldn't be allowed to buy a "starter" home even if they were gifted a 10% deposit, as the price is so high that a mortgage provider would require an income way above the average.
The difference for many young people, especially in some parts of the UK, is that the first rung of the ladder is so far above their heads that it's not worth bothering to try and reach it. So I completely understand them drowning their sorrows by living for now, as there's no attainable long-term goal to aim for.
Most wouldn't be allowed to buy a "starter" home even if they were gifted a 10% deposit, as the price is so high that a mortgage provider would require an income way above the average.
I’d have thought £9k was affordable for those trying to get on the housing market. What’s the catch?
