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I don’t think all boomers or oldies are doing that well, my in laws aren’t, mid 70’s, sold their house 12 years ago, faffed about and didn’t buy another, spent half the money and now they can’t afford one…..
My old man is still working at 71 hes never had so much money. Got his govenrment pension and his dirving job 40 hours a week, no mortgage since hes was 50, him and my mother go on 3/4 holidays abroad every year, twice as many weekends away in this country. They help me and my sister financially with their grandchildren so cant grumble but hes so out of touch with the pressures facing youngsters today, just because it doesnt really effect him, its frightening.
In fact, I cant say for definite but he could be posting on here as Maurice Swan.
On the other, other hand....
https://www.financialreporter.co.uk/...e-the-70s.html
House prices are currently sitting at 8.8 times the average earnings, more than doubling since the 1970s, according to new research from House Buyer Bureau.
The research shows that the average house price throughout the 1970s sat at just £9,277, the equivalent of £68,493 today after adjusting for inflation.
Although the average home may have been significantly more affordable when compared to the current market, the average earnings was also far lower at £2,265, or £16,723 after adjusting for inflation.
As a result, the average home during the 70s required 4.1 times income.
The 8.8 times average salary for an average house purchase today is UK wide. It is over 11x in London and nearer 6.5x in Wales.
What proportion of your household income was taken up paying interest?
The average house price in the county I live in is north of 13x the median full time income.
You can have 'life was hard' but if you think that buying a house and maintaining payments on it then was harder than it is now then you are just plain bonkers.
Partly joking partly true, like oldies some are very sensible and switched on some are not.
My kids bought fairly easily in their early twenties, but some of their friends still can't with a similar start in life, there is no wrong or right everyone can do what suits them best.