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That just shows how many people own a house?Originally Posted by Doucas
It could be that youngsters then left school, jot a job, saved some money, bought a house, and now youngsters prefer to piss it up in university rack up debt, go on a jolly around the World for 3 years, come back and go time to settle now lets by a house, oh dear I can't i've got no savings an average job, shed loads of debt, and it's all the torries fault.
Name 3 young people that you know that been travelling round the world for 3 years
My mates two boys, and my other mate’s daughter. It might be extreme but plenty go for a year or so, lots take a year out too.
I know quite a few, but I know quite a few hippy like people. Most worked though, like 7/8 months here then go to India for 4 months and live for peanuts all winter. I took a grand with me when I went to India, lasted me 2 months. When I was 19 I went off to Oz etc for 18 months but worked a lot, came home with about £4K saved which was enough to put a deposit down on a flat….
One big difference is the amount of debt most students rack up, back in 1990 ish most I knew had no real debts, some even had grants, not loans. Nowadays £50k is average isn’t it? That’s not a great way to start out is it…..
It's definately not, but the fees are only a part of it, most want to move away so rack up debts for housing in another City and enjoying themselves and good luck to them I hope they enjoy it. It bugs me when a few years later they say its all the governmets fault thecan't buy a house, no it's based your their life decisions.
Yeah the Torries a obviously a bunch of tw*ts but I’ve not heard much about them, on the other hand those Conservatives are a right tribe of shite.
Salary to house price is a stupid measure, the mortgage rate was much more then, now it's peanuts, but not for long, so house prices will reduce.
https://uk.finance.yahoo.com/news/pr...063253579.html
UK average house price falls for the first time in a year to £293,221
I've just checked on Rightmove the sale price [March 2022] of my 1st house. I bought it in 1976 for £18,000. It sold for £183,000. Pretty much average for those around it, too. That's a 10 fold increase. The average wage in 1976 was £3,750. The average salary in the UK in 2022 is £31,500. That equats to 8.4 times increase. Now imagine a mortgage today with 10-11% interest rates, because that's what we were paying - bank rate was close to 9%.
You can convince yourself that the world's against you - and listening to the doomongers doesn't help, but believe me, it's far, far, easier to buy a house now than it ever was..
You can't pass on brexit as it is has an impact on our ability to employ people in the foundation economy across the board and a huge impact on people movement
Our generation has been on the planet longer so of course we have had a bigger impact
I'm apolitical if you see my previous post as they are all wank3rs and self serving tosspots
Don't know what MCG is apart from the Melbourne cricket ground
Sorry, "Middle Class Guilt".
It's not just immigration that drives population growth. Tell the younger Japanese population to have more kids cos they've forgotten how to do that aswell.
I ****ing hate tory students
Okay boomer.
Greta Thunberg for one 🙂
For a sixth time, what's the exact amount of wealth someone can have before they can talk about inequality?
I've never once said it was too hard for me to get on the market, ive said its much harder for younger people to get on the market which is 100% true and once they are it's more expensive yet somehow you still try and deny.
Yeah older people have had it easier, you haven't had the wage stagnation that we've had, you've had cheaper housing, free education and your pensions are better. You won't have to deal with the catastrophic consequences of climate change. But so many of you have your head in the sand and are clearly clueless of any modern issues unless you're spoon-fed it by Murdoch and Co.
Salary to house price is a stupid measure? This is the dumbest sentence I've read on all of CCMB ever. You clearly don't have a clue and I can't be arsed anymore.
Some people are like a 1970's telly you must keep smacking them before they see the picture!
And you said you’re not a liaryou’re a clueless liar, read your own posts they are all dumb!
You've taken one sentence out of context I went on to say interest rates are another factor in house affordability in 1988 when I bought my first house interest rates were 9.8% and went up to 15.4%, by 1990, house prices went down a lot by the way, so us oldies had what’s called negative equity, things were tough, much harder than my parents had it, but I wasn’t on a Cardiff city club message board or equivalent crying about it.
Last year the rate I had on one property was 0.29% or 0.19% over the base rate (an old Woolwich now Barclays discounted rate from 2006).
So on a £100K mortgage in 1990 the interest payment alone was £15,400 per year, last year it was £290 per year.
Now I know house prices were less in 1990 but that’s to demonstrate to you how interest rates are the main factor in property ownership affordability.
Many people who are older than you have told you this many times on this thread alone, but you refuse to believe people who have actual life experience and are not getting their information from socialist websites.
I worked on the polls on Brexit day. Something really odd was happening you could sense it. People who you could tell were unused to voting were coming in, dragging older relatives with them as if their lives depended on it - all while insisting on using a pen (yes they had been totally brainwashed). All thinking they were voting against the ‘establishment’ whilst only being fooled by them. We’ve sold our young people down the river, let’s hope one day they’ll have the sense to put it right.
She's not lying, she genuinely believes in a low tax economy that benefits all.
Lol
All? Or all of her kind?
Well, we in Britain have one of the highest standards of living in the world. That's *all* not the few. Britain is well off due to capitalism is it not?
Isn't it all due to 'mass migration'? More economically active, tax paying citizens. Lovely!
The tory scum should drop all this free choice bollocks and tell the country that going on holiday and maxing out the credit card for the government and individuals has got to stop for 18 months . They need to fund the basics but all this silly talk about cutting taxes to keep the economy is just bullshit . Its not going to work . Sunaks ideas are a bit more realistic but he's also off his head .
Defence spending will carry on each makes me laugh . We have this nuclear weapons costing billions ......what have they in Europe recently , except cost loads of money . Deterrent my arse .
Cut that away for a start .
But £18,000 wasn't the average house price in 1976, it was about £11,500. So by your own figures that's 4x the average wage.
You say the average wage is £31,500 which is probably about right (although median wage would be better) but the average house price in the UK is now £290,000 which is about 9-10x that figure. Most mortgage providers will only loan up to 4x your salary now, are you starting to see the gigantic problem yet?
We have a generation of older people who despite no matter how many facts you're shown you will refuse to see how bad things are at the moment. Which is why things keep getting worse because you've got your heads in the sand and keep voting for this.
This shouldn't even need to be a discussion, it's like asking if the sky is blue.
And before I hear the 'you're just jealous' I am a homeowner.
Sources:
https://www.housepricecrash.co.uk/in...nal-inflation/
https://www.theguardian.com/business...starts-to-cool
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