Originally Posted by
tforturton
70s and 80s - easily, and for all sorts of reasons, but housing is the worst part.
I thought it was difficult buying property when I was in my twenties, but it's ten times harder these days.
Back then, I was earning £10k a year, so three times my salary and a 10% deposit (£3k) meant I could buy a cheap house.
These days, a cheap house is £200k, and even with a 10% deposit, you need to be earning £60k a year to meet the repayments. And what youngster is earning that? Half of them are on minimum hours contracts, where they can work a maximum of 16 hours. How can they expect to get a house, or raise a family?