Interest rates up 0.5%!

[Doucas]

Percentage of 16 - 34 year old that are homeowners

51% in 1991
24% in 2016

Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%

These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.

Source: https://www.moneysupermarket.com/mor...buyers-report/

[North Cardiff Blue]

Percentage of 16 - 34 year old that are homeowners

51% in 1991
24% in 2016

Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%

These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.

Source: https://www.moneysupermarket.com/mor...buyers-report/

That just shows how many people own a house?

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.

[delmbox]

That just shows how many people own a house?

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

[North Cardiff Blue]

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.

[goats]

Name 3 young people that you know that been travelling round the world for 3 years

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…..

[North Cardiff Blue]

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.

[splott parker]

That just shows how many people own a house?

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.

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.

[North Cardiff Blue]

Percentage of 16 - 34 year old that are homeowners

51% in 1991
24% in 2016

Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%

These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.

Source: https://www.moneysupermarket.com/mor...buyers-report/

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

[A Quiet Monkfish]

Percentage of 16 - 34 year old that are homeowners

51% in 1991
24% in 2016

Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%

These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.

Source: https://www.moneysupermarket.com/mor...buyers-report/

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..