House price gravy train may have hit the buffers
- Thread starter JohnD
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Some relatives who live nearby took us an a tour of "the potteries" a few years ago. We saw all the assorted demolition rubble-heaps, some had a factory shop next to the desolation where they sold assorted Chinese tat with their sticker on it.
It's a desperate place.
In fairness they didn't have anything to give us except love, or in my case, a thick ear.
Proves my point too. Kids nowadays expect help from parents so it kind of disincentivises the need to make sacrifices and save up.Thank you for proving my point
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Really? I did in 1980, then again in 1993, then again in 2005, then again in 2008.
And about to do the same again asap.
Good for you.
Yeah well filly doesn’t know you. Do you know anyone as talented, clever and modest as yourself?
Proves my point too. Kids nowadays expect help from parents so it kind of disincentivises the need to make sacrifices and save up.
My point - which you obviously missed or are wilfully ignorant of - is that, to save up, you have to cut expenditure.
And with renting typically costing more than a mortgage, they can't save up unless they don't have that rent outgoing.
Ergo, free / cheap board and lodgings.
I'm in Fife. In my locale, there are perfectly nice flats from £100k+, actually £80/90k+ can still bag you something decent enough. Decent enough houses can be had for £160k+. Not in slum areas, obviously not proverbial Beverly Hills either.
Nowt wrong with a flat, especially as a starter home.
I’m not sure there is a destination for many young people regarding private home ownership
Seems to me some (not all) youngsters expect to be able to have it all from day one of being an adult. Life doesn't work that way. Buckle down, save if you can, and go from there.
Are there some young folk who'll never be able to buy a property or a decent car?
Yes.
Just as there's always been.
Are there some young folk who'll never be able to buy a property or a decent car?
Yes.
Just as there's always been.
Your relatives took you on a tour around Stoke to see demolished buildings under development? When was this?
WTF?
Smug comment , designed to wind up those not able to have bought a house for less than a years salary.
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Filly must live in isolation. I could name at least a dozen people that I know well that bought their first house about the same time as me.
Several of those I know were on a single income. The others I can't say for certain.
What nonsense have you been reading? People like you make me feel ill.
My son, a “professional “, on good money fortunately, is paying £1000 per month th in a shared house . He has a bedroom that he used also as his work from home station and shares a bathroom with one other.
How on earth do”normal” wage earners in London afford to rent? How can they possibly save for a mortgage deposit? My son earns a lot more than me but London Weighting does not transform a shop assistants salary into a mega wage.
As for your final comment, people on regular wages could generally afford to buy, or rent, and the problem in the late ‘70’s was not affordability but the availability of Mortgage Funds - there was a queue!
You really have no clue as to the challenges posed to youngsters.
