Generation rent

  • Thread starter Thread starter worsleyweb
  • Start date Start date
I have spent most of my adult life working overseas and while I think the NHS does a good job, I don't think it is really any better (or worse) than the health systems in many other countries.
 
worsleyweb said:
Read something the other day that the average age of buying a first property in London is 42 and elsewhere 33.

I see people every day in town who clearly rent paying 1000 plus a month for a 2 bed flat and eat out every night.

Can’t for the life of me see the logic of it not the attraction.

Sad that as a society a firemen and a nurse married would struggle to get on the housing ladder!

Madness. House prices in this country are just madness.
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Cheaper, plus i will never be able to get on the housing ladder due to my bad credit history
 
Blue Maverick said:
It seems to me a lot of the younger generation want everything at the same time, house ,fancy car going out every weekend dropping a few hundred quid a time. I live in oldham yep I know a shit hole, however you can pick a terrace up hollinwood, Failsworth and even royton for anywhere between £80-130k, rent from £500-700, damn my old 4 bedroom (new build 12years ago) rents for £700 and 10 mins walk to the tram. If you are paying £1000+ for rent you need your head feeling. Go further out suck it up for a few years get a shitter car instead of blowing on a lease Audi or Merc.
In a few years you could’ve saved up a decent wedge to then get maybe near an area you want, it doesn’t help all the property investors buying up stuff but the size of the flats in the city centre and the price to be perfectly honest you need your head feeling to buy one anyway.
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That's great but some people don't really want to be updating their Instagram accounts letting on they live somewhere like Failsworth. Not good for the social media presence I am afraid, it doesn't give the right impression.
 
worsleyweb said:
Read something the other day that the average age of buying a first property in London is 42 and elsewhere 33.

I see people every day in town who clearly rent paying 1000 plus a month for a 2 bed flat and eat out every night.

Can’t for the life of me see the logic of it not the attraction.

Sad that as a society a firemen and a nurse married would struggle to get on the housing ladder!

Madness. House prices in this country are just madness.
Click to expand...

How can a fireman and a nurse not afford to get on the housing ladder?? I can understand in and around London or in the centre of town but it is city demand that sets those prices. You can rent a 3-bed detached near me for £700 a month and interest rates are so low that buying would be cheaper. A fireman and a nurse must be pulling in at least £3k a month after tax??

I'm classed as a millenial but I do think our generation gets bad press however most of my mates have got on with it and most are either close to or have bought their own place.

Me and the mrs bought our first house 5 or so years back and the prices were fine, it is having to save for the deposit that was the hard part. Hard is the wrong word actually because it wasn't actually hard, it just took time.

The only people crying about prices are Corbyn supporting young people who think that a university degree is so rare that it should guarantee them a mansion or a plush flat in central London.

What they really want too isn't social housing. They want instagram friendly 'affordable houses', IE, a cheaper leafy 4-bed detached which is paid for by me and you. God forbid they'd have to give up something or maybe earn more money and progress their career to get it.
 
inbetween said:
How can a fireman and a nurse not afford to get on the housing ladder?? I can understand in and around London or in the centre of town but it is city demand that sets those prices. You can rent a 3-bed detached near me for £700 a month and interest rates are so low that buying would be cheaper. A fireman and a nurse must be pulling in at least £3k a month after tax??

I'm classed as a millenial but I do think our generation gets bad press however most of my mates have got on with it and most are either close to or have bought their own place.

Me and the mrs bought our first house 5 or so years back and the prices were fine, it is having to save for the deposit that was the hard part. Hard is the wrong word actually because it wasn't actually hard, it just took time.

The only people crying about prices are Corbyn supporting young people who think that a university degree is so rare that it should guarantee them a mansion or a plush flat in central London.

What they really want too isn't social housing. They want instagram friendly 'affordable houses', IE, a cheaper leafy 4-bed detached which is paid for by me and you. God forbid they'd have to give up something or maybe earn more money and progress their career to get it.
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I’m a firefighter my take home pay after tax, pension is £1700 and that’s after 17 years of service, if I was staring out and having to save and rent I could probably if I didn’t do any socialising save maybe £350 max £500 a month that’s £11k in two years at a push, a couple yep could probably save double, like I said they would have to live in a not so good area to achieve this aim, chuck in a few kids and you’ve no chance. Like I said before it’s setting priorities and what you want to achieve, party and live the life nice car etc then you ain’t getting on the housing ladder.
 
hilts said:
It’s not hard getting on the property ladder if you want it enough
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Yes it is.

I’m in the top 10% of earners in the UK and didn’t find it easy. I stopped going on holiday last year, moved into cheap temporary accommodation to save and even had donations from family.

It’s almost impossible if you’re at the other of the scale to me and don’t have family to help.

It’s very easy for older people on here to scoff at youngsters trying, when you all likely bought your house with zero deposit.
 
inbetween said:
How can a fireman and a nurse not afford to get on the housing ladder?? I can understand in and around London or in the centre of town but it is city demand that sets those prices. You can rent a 3-bed detached near me for £700 a month and interest rates are so low that buying would be cheaper. A fireman and a nurse must be pulling in at least £3k a month after tax??

I'm classed as a millenial but I do think our generation gets bad press however most of my mates have got on with it and most are either close to or have bought their own place.

Me and the mrs bought our first house 5 or so years back and the prices were fine, it is having to save for the deposit that was the hard part. Hard is the wrong word actually because it wasn't actually hard, it just took time.

The only people crying about prices are Corbyn supporting young people who think that a university degree is so rare that it should guarantee them a mansion or a plush flat in central London.

What they really want too isn't social housing. They want instagram friendly 'affordable houses', IE, a cheaper leafy 4-bed detached which is paid for by me and you. God forbid they'd have to give up something or maybe earn more money and progress their career to get it.
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Absolutely spot on with everything you say. The whole Corbyn cult is built on absolute nonsense. God help us if he ever gets near number 10!
 
Ban-jani said:
Yes it is.

I’m in the top 10% of earners in the UK and didn’t find it easy. I stopped going on holiday last year, moved into cheap temporary accommodation to save and even had donations from family.

It’s almost impossible if you’re at the other of the scale to me and don’t have family to help.

It’s very easy for older people on here to scoff at youngsters trying, when you all likely bought your house with zero deposit.
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Lot of lads in the 80's couldnt afford to buy either.....houses doubled in price one year
 
What I’ve taken from reading this thread is most people could scrape it, unless you don’t have an other half then you’re fucked
 
mancityvstoke said:
well that's what they want.........everyone working paying tax.

Some win some lose.
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Too true unfortunately. I rent and my biggest problem with it is it’s paying someone else’s bills. If all these flats were run by the state I would like to think the money would be put to good use, I don’t believe myself when I say it though
 
mancityvstoke said:
Lot of lads in the 80's couldnt afford to buy either.....houses doubled in price one year
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Yeah maybe that was unfair of me to lump all older people in.

I mean to specifically have a go at those claiming it’s just a lifestyle choice and dead easy.

It’s been very tough for me and I’m well off and our house is a pretty standard 3 bed and not that expensive.
 
Ban-jani said:
Yeah maybe that was unfair of me to lump all older people in.

I mean to specifically have a go at those claiming it’s just a lifestyle choice and dead easy.

It’s been very tough for me and I’m well off and our house is a pretty standard 3 bed and not that expensive.
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I don't think most people think renting at high rents is a lifestyle choice
 
Why are houses/rents so expensive?
Because there aren't enough houses (in the right places) to cope with the demand. So prices go up.
This is such basic capitalist logic that I don't understand why people can't grasp it.
Part of the problem is that a lot of rich and powerful people (including many sitting in Parliament) have a vested interest in keeping the price of houses high. And because we, as a country, have developed a culture of seeing houses as something to invest in rather than just to live in, a lot of quite ordinary people support this.
You can change this, but it won't be easy. The easiest and most obvious way is to build lots of social housing. And I mean lots. Politically, that won't be easy to sell. It upsets too many boats.
 
BrianW said:
Why are houses/rents so expensive?
Because there aren't enough houses (in the right places) to cope with the demand. So prices go up.
This is such basic capitalist logic that I don't understand why people can't grasp it.
Part of the problem is that a lot of rich and powerful people (including many sitting in Parliament) have a vested interest in keeping the price of houses high. And because we, as a country, have developed a culture of seeing houses as something to invest in rather than just to live in, a lot of quite ordinary people support this.
You can change this, but it won't be easy. The easiest and most obvious way is to build lots of social housing. And I mean lots. Politically, that won't be easy to sell. It upsets too many boats.
Click to expand...
The world has become greedy too............The rich want to keep rich.....

Sorting out plastic pollution, Global warming (unless there is money to be made), poor peoples accommodation problems and low wages isn't a priority.
 
Blue Maverick said:
I’m a firefighter my take home pay after tax, pension is £1700 and that’s after 17 years of service, if I was staring out and having to save and rent I could probably if I didn’t do any socialising save maybe £350 max £500 a month that’s £11k in two years at a push, a couple yep could probably save double, like I said they would have to live in a not so good area to achieve this aim, chuck in a few kids and you’ve no chance. Like I said before it’s setting priorities and what you want to achieve, party and live the life nice car etc then you ain’t getting on the housing ladder.
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What about your other jobs?
 
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