What exactly does “8.6 times disposable income” mean?
The average mortgage payment is £1500 per month. A latte is £3 on average.
A millennial can afford a house if they gave up just 17 lattes a day… But they choose not to!
i cant even find and afford somewhere to rent lol
Waiting for the conservatives to say see what Labour have done
millenial house ownership is actually NOT affected by avocado toast. an avocado only costs £1. Avocado Georg, who lives in a tunnel and eats 176 avocados a day, is an outlier and should not have been counted
What the hell is ‘disposable income’? And how do I get it?
It’s ok though because all those potholes got fixed when they diverted HS2 funds.
Where do they get this 8.6x figure from when it’s nearer 15? It’s all average house price and average wage but if you put that into proper perspective it’s far, far worse. All these averages are artificially skewed and mean nothing in reality, particularly in the South East.
Average price in my area is £420k
Average wage £33k.
That’s nearly 13 times in my postcode.
So then who are buying the houses?
Hark at moneybags over here with £200 just knocking about in their wallet willy-nilly….
But of course, you can buy a house at 18 by cutting Starbucks out of your life, because promoted stories on social media said so.
We’ve just abandoned meritocracy and gone straight back to feudalism. You’re value is determined not by intelligence or hard work, but simply what you can inherit. We once again have a peasant class who works all day and gives all their money to their landlord and a landlord class who just gets all the money by virtue of already having loads of it.
This is the biggest problem in the UK when I was 20 my rent was less than 20% of my take home pay for a two bedroom house. Now for a smaller 2 bedroom house the rental is more than half of my take home pay. Loads of jobs that are required for the country to work don’t pay enough to be able to afford to live without someone else to share rent. It’s gone up so much faster than inflation it’s ridiculous and it’s based squarely on house prices. If labour actually come through with house building and make the majority of those council houses that they rent to key workers at a reasonable price so many problems will be resolved.
For the past two years, I started to drink coffee at home and 3 more years to go. Then i will have enough money to buy a house. Who is going to stop me?
I wander fucking why?
the true population of the nation hasn’t grown for a while and birth rates are low so I wonder where all the fucking demand is coming from?
it’s almost like a neo-lib political movement started selling of land to foreign entities decades ago and now they’re learning that was a really fucking bad idea.
If only I could give up eating my avo toast and sipping on pumpkin spiced lattes, I might be able to have enough of a disposable income to pay off my student loans plus interest and get a job as a nurse in the NHS. I’ll afford to get married to someone else who damn well better have given up their avo toasts and lattes, have children, and get approved for a mortgage so I don’t have to pay more rent and taxes also pay for my parents care needs before I have to pay inheritance tax on a property that I cant afford to live in. God forbid my children would be wasting their disposable on avo toasts and lattes!
Sorry, must go…my Costa coffee is getting cold
Buy outright or just get a mortgage?
Bet in like 10 years the government will be ranting about how all the younger generation “don’t work hard enough” and “I had a house at their age, why don’t they?”
My only chance of homeownership is by winning the lottery. Bleak.
I stopped eating avocado toast and now I have TWO homes <boasts>
£200???? Oh wait, did you get paid early Friday?
Avocado toast is worth the sacrifice imo
This sub can be weird for flexing – you either get people claiming they own four businesses and have money that makes money, or actually honest people saying they live paycheck to paycheck, and nothing in-between.
I’m 27 and have given up on the idea of buying anytime in the next decade.
You’ve got £200 in your wallet?! You’re top 11% pal
Or live up north.
Where I live you can still get houses under £100k that aren’t utter shitholes, £150k will get you a new build in a quarter decent area.
What’s “disposable income” precious?
Don’t forget those expensive gym memberships/fancy coffees etc etc etc ad infinitum ad nauseam.
Using the average skews the true values and makes it sound worse than it actually is.
Go on rightmove and put in your area, then a radius of 20 miles, filter by max £200k and min 3 bed. There will be quite a few affordable properties shown. It’s all down to whether you really want to get on the property ladder or not. Most people won’t want to buy a starter home and build their way up. Instead, they want a brand new 4 bed detached, bi fold doors into the garden, etc, and if they can’t afford this, then they blame houses being too expensive.
29 comments
What exactly does “8.6 times disposable income” mean?
The average mortgage payment is £1500 per month. A latte is £3 on average.
A millennial can afford a house if they gave up just 17 lattes a day… But they choose not to!
i cant even find and afford somewhere to rent lol
Waiting for the conservatives to say see what Labour have done
millenial house ownership is actually NOT affected by avocado toast. an avocado only costs £1. Avocado Georg, who lives in a tunnel and eats 176 avocados a day, is an outlier and should not have been counted
What the hell is ‘disposable income’? And how do I get it?
It’s ok though because all those potholes got fixed when they diverted HS2 funds.
Where do they get this 8.6x figure from when it’s nearer 15? It’s all average house price and average wage but if you put that into proper perspective it’s far, far worse. All these averages are artificially skewed and mean nothing in reality, particularly in the South East.
Average price in my area is £420k
Average wage £33k.
That’s nearly 13 times in my postcode.
So then who are buying the houses?
Hark at moneybags over here with £200 just knocking about in their wallet willy-nilly….
But of course, you can buy a house at 18 by cutting Starbucks out of your life, because promoted stories on social media said so.
We’ve just abandoned meritocracy and gone straight back to feudalism. You’re value is determined not by intelligence or hard work, but simply what you can inherit. We once again have a peasant class who works all day and gives all their money to their landlord and a landlord class who just gets all the money by virtue of already having loads of it.
This is the biggest problem in the UK when I was 20 my rent was less than 20% of my take home pay for a two bedroom house. Now for a smaller 2 bedroom house the rental is more than half of my take home pay. Loads of jobs that are required for the country to work don’t pay enough to be able to afford to live without someone else to share rent. It’s gone up so much faster than inflation it’s ridiculous and it’s based squarely on house prices. If labour actually come through with house building and make the majority of those council houses that they rent to key workers at a reasonable price so many problems will be resolved.
For the past two years, I started to drink coffee at home and 3 more years to go. Then i will have enough money to buy a house. Who is going to stop me?
I wander fucking why?
the true population of the nation hasn’t grown for a while and birth rates are low so I wonder where all the fucking demand is coming from?
it’s almost like a neo-lib political movement started selling of land to foreign entities decades ago and now they’re learning that was a really fucking bad idea.
If only I could give up eating my avo toast and sipping on pumpkin spiced lattes, I might be able to have enough of a disposable income to pay off my student loans plus interest and get a job as a nurse in the NHS. I’ll afford to get married to someone else who damn well better have given up their avo toasts and lattes, have children, and get approved for a mortgage so I don’t have to pay more rent and taxes also pay for my parents care needs before I have to pay inheritance tax on a property that I cant afford to live in. God forbid my children would be wasting their disposable on avo toasts and lattes!
Sorry, must go…my Costa coffee is getting cold
Buy outright or just get a mortgage?
Bet in like 10 years the government will be ranting about how all the younger generation “don’t work hard enough” and “I had a house at their age, why don’t they?”
My only chance of homeownership is by winning the lottery. Bleak.
I stopped eating avocado toast and now I have TWO homes <boasts>
£200???? Oh wait, did you get paid early Friday?
Avocado toast is worth the sacrifice imo
This sub can be weird for flexing – you either get people claiming they own four businesses and have money that makes money, or actually honest people saying they live paycheck to paycheck, and nothing in-between.
I’m 27 and have given up on the idea of buying anytime in the next decade.
You’ve got £200 in your wallet?! You’re top 11% pal
Or live up north.
Where I live you can still get houses under £100k that aren’t utter shitholes, £150k will get you a new build in a quarter decent area.
What’s “disposable income” precious?
Don’t forget those expensive gym memberships/fancy coffees etc etc etc ad infinitum ad nauseam.
Using the average skews the true values and makes it sound worse than it actually is.
Go on rightmove and put in your area, then a radius of 20 miles, filter by max £200k and min 3 bed. There will be quite a few affordable properties shown. It’s all down to whether you really want to get on the property ladder or not. Most people won’t want to buy a starter home and build their way up. Instead, they want a brand new 4 bed detached, bi fold doors into the garden, etc, and if they can’t afford this, then they blame houses being too expensive.
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