Turns out all you need to do is own a property for 50 years and you’re sorted
“This is fine, I see no problem here” – boomers, probably
I may be in the minority but COVID was a God send for us buying a home. We managed to save £25k in 9 months whilst still renting, setting us up with a nice deposit for a 3 bed house near Bristol at the age of 26.
It’s bloody tough, but home buying is doable if it’s a priority for you.
The housing market has been ridiculous for twenty years. Unfortunately, old people are the biggest voters, and they’d be the biggest losers if the market was flooded with tonnes of cheap homes, so myopic politicians won’t ever help because it’d be political suicide. Young people are given absolutely nothing in modern Britain, it’s no wonder so many refuse to have kids.
This is a real problem.
True story:
“Your dad had a nervous breakdown when we bought the house, worried about being able to pay,”
“House was 20k”
“He was on 15k a year,”
“Surgeon”
“Why don’t you get yourselves on the ladder?”
We bought ours 5 ½ years ago for 255, according to zoopla etc it is now worth 350 just 5 years on. Sooner or later the bubble will pop….
just because its valued at that, doesn’t mean its worth it its all bs
Lurpak? Some of us are having to budget to get Nordpak! 😭
My parents bought their house in the 80s for 150,000 Rand it’s now worth 3 million Rand
I live in a 3 floor house with garage and I’m already planing on turning the 3rd floor into a small flat for one of the kids and the garage into an other coz my 2 ain’t going to be able to afford to move out at this rate
The problem is that the boomers are the only generation to hold on to their wealth even when they die and refuse to pass it down.
Horrible generation of people. Was it really worth causing this entitled bunch, they only have what they have because their fathers/grandfathers were slain in the world wars
But if you would just stop spending all your money on frivolous things and apply yourself more at work, you could have bought one by now! /s
wow aussie here mate and its the same
I somehow managed to get on the housing ladder before house prices went crazy, when I was 22 in 2002, the house was double my annual salary at £34k, I sold it 2 years later for £65k.
15 comments
My dad paid 18k for his, now it’s probably 850k+
Turns out all you need to do is own a property for 50 years and you’re sorted
“This is fine, I see no problem here” – boomers, probably
I may be in the minority but COVID was a God send for us buying a home. We managed to save £25k in 9 months whilst still renting, setting us up with a nice deposit for a 3 bed house near Bristol at the age of 26.
It’s bloody tough, but home buying is doable if it’s a priority for you.
The housing market has been ridiculous for twenty years. Unfortunately, old people are the biggest voters, and they’d be the biggest losers if the market was flooded with tonnes of cheap homes, so myopic politicians won’t ever help because it’d be political suicide. Young people are given absolutely nothing in modern Britain, it’s no wonder so many refuse to have kids.
This is a real problem.
True story:
“Your dad had a nervous breakdown when we bought the house, worried about being able to pay,”
“House was 20k”
“He was on 15k a year,”
“Surgeon”
“Why don’t you get yourselves on the ladder?”
We bought ours 5 ½ years ago for 255, according to zoopla etc it is now worth 350 just 5 years on. Sooner or later the bubble will pop….
just because its valued at that, doesn’t mean its worth it its all bs
Lurpak? Some of us are having to budget to get Nordpak! 😭
My parents bought their house in the 80s for 150,000 Rand it’s now worth 3 million Rand
I live in a 3 floor house with garage and I’m already planing on turning the 3rd floor into a small flat for one of the kids and the garage into an other coz my 2 ain’t going to be able to afford to move out at this rate
The problem is that the boomers are the only generation to hold on to their wealth even when they die and refuse to pass it down.
Horrible generation of people. Was it really worth causing this entitled bunch, they only have what they have because their fathers/grandfathers were slain in the world wars
But if you would just stop spending all your money on frivolous things and apply yourself more at work, you could have bought one by now! /s
wow aussie here mate and its the same
I somehow managed to get on the housing ladder before house prices went crazy, when I was 22 in 2002, the house was double my annual salary at £34k, I sold it 2 years later for £65k.
Comments are closed.