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Thread: Interest rates up 0.5%!

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  1. #1

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    It was far easier to buy a house in the 1970s than it is now, I don't know how this can be denied? I'm still waiting for someone to address the glaring white elephant in the room that boomers at the same age owned 7x more wealth than millenials at the same age. I don't know why people are ignoring this fact and just denying that financially selfish older generations have ****ed younger ones over big time.

    source- https://www.marketwatch.com/story/th...ers-2019-12-04
    How the heck do you know ? You can buy a new 2 bed just outside Cardiff for £250k A 90% mortgage will cost you £1100. You can get mortgages from practically everywhere - the Govt. will even chip in. I had to do odd jobs, save for 3 years with one of only 3 or 4 places you could get a mortgage - then once I'd saved up with them I had an 'interview' . No furniture/carpets, no white good. I had F. all. In those days you just went out and got on with it. Not a penny from my folks, and I didn't expect it either..

  2. #2

    Re: Interest rates up 0.5%!

    Quote Originally Posted by A Quiet Monkfish View Post
    How the heck do you know ? You can buy a new 2 bed just outside Cardiff for £250k A 90% mortgage will cost you £1100. You can get mortgages from practically everywhere - the Govt. will even chip in. I had to do odd jobs, save for 3 years with one of only 3 or 4 places you could get a mortgage - then once I'd saved up with them I had an 'interview' . No furniture/carpets, no white good. I had F. all. In those days you just went out and got on with it. Not a penny from my folks, and I didn't expect it either..
    These youngsters could always buy a house up the valleys if they really wanted to get on the ladder,plenty going for less £100,000. And these youngsters can afford it just get rid of their Netflix, top mobile phone contract, Sky, holidays etc. etc but they would rather moan than actually do any of the above.

  3. #3

    Re: Interest rates up 0.5%!

    Quote Originally Posted by ABLUEBIRD View Post
    These youngsters could always buy a house up the valleys if they really wanted to get on the ladder,plenty going for less £100,000. And these youngsters can afford it just get rid of their Netflix, top mobile phone contract, Sky, holidays etc. etc but they would rather moan than actually do any of the above.
    Is Netflix, at what 8.99 a month actually deemed a luxury these days? It’s less than 2 pints in a pub…..some saving if you ditch it, that £100 a year….

  4. #4

    Re: Interest rates up 0.5%!

    Quote Originally Posted by goats View Post
    Is Netflix, at what 8.99 a month actually deemed a luxury these days? It’s less than 2 pints in a pub…..some saving if you ditch it, that £100 a year….
    Don’t know mate I’m old and don’t have Netflix, nor a £30+per month phone contract or Sky at what £60 plus , you see how it all adds up

  5. #5

    Re: Interest rates up 0.5%!

    Quote Originally Posted by ABLUEBIRD View Post
    Don’t know mate I’m old and don’t have Netflix, nor a £30+per month phone contract or Sky at what £60 plus , you see how it all adds up
    Not to old to sign up on here though after all these years…..it’s free all this knowledge you’ll gain

  6. #6

    Re: Interest rates up 0.5%!

    Quote Originally Posted by goats View Post
    Is Netflix, at what 8.99 a month actually deemed a luxury these days? It’s less than 2 pints in a pub…..some saving if you ditch it, that £100 a year….
    I have that sorted, got my daughter to pay for it so its free for me

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