Generation rent

  • Thread starter Thread starter worsleyweb
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I was working in the sunshine coast in OZ a few weeks ago got talking to another sparky over dinner... they are putting a sub division of 40,000 houses up just outside of Maloolabar ... and most are affordable for young families ...... way to go
 
I think another factor is that the idea of a job for life has disappeared. Whether or not the job for life thing was ever really true (although looking at my parents, aunties and uncles, it worked out that way in most cases), there was certainly the impression that once you've got a decent job, you can largely be guaranteed a salary, a pension, a pay rise every year, opportunities for progression, certainly for the time it would take to pay off a mortgage. Jobs nowadays are far more precarious, and there's a definite need for people wanting a proper career that you need to change jobs far more regularly than in the past, which of course means you need to be flexible about location. As soon as you get a mortgage, you're limiting your job opportunities to anything within driving distance of your house. I could afford to buy, but I haven't, because it makes no sense in my line of work. I've lived in 4 countries since 2015 and at the end of my current contract (yep, permanent jobs are getting rarer) I'll likely move again.
 
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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What do you expect when so many fuckwits vote for the greedy fuckwit party

The party that allowed social housing to be sold off but refused to allow local councils to spend the money raised on building replacement housing. It became a free market wankathon for those with capital. It was Thatcherite ideology at its worst, no thinking of the future just thinking about short term profit as per fucking usual
 
Steep increase in housing prices in Switzerland as well over the last decade although typically up to 60% of the population actually rents rather than owns. We're home owners but we were fortunate in that regard due to my wife's family having property to build on and the land itself being worth more than construction owing to how scarce real estate is in the country

We could for example rent out our house for nearly 4-5 fold more than the mortgage we pay, rent something nice and still come out ahead. We're happy where we are though and both of us have always wanted our own home
 
Thatcherite ideology at its worst, no thinking of the future just thinking about short term profit as per fucking usual
Plenty of "malice aforethought" imo. Dismantling the stock exchange "police" led to the mass exodus of building societies to banks, which then saw turbo-powered house price rises and the scourge of buy-to-let rogue landlords. The limit on mortgage borrowing of 3 times a.i. became history, the bubble kept growing fuelled by the infamous "light touch" blind eye by the govnt. The unprecedented mail bombing of bank customers including pro forma blank cheques, and then the inevitable financial meltdown...after 17 years of thatcherism the country was a husk, for most of us, North sea oil squandered on share-holders and tax-breaks for the rich, industry investment non-existent, apart from foreign carmakers who were bribed to the hilt. When the Mirror pension pot was emptied by maxwell, and turned the paper into a comic, it gave the thatcher-backing press an open-goal. They've never looked back, culminating in brexit, a country on it's arse, stuck with a self-perpetuating archaic fptp, a labour party with no voice, immigrants the new "unions", racism presented as "acceptable" FFS, political midgets taking part in a grotesque beauty parade to lead the country.
Bad though it is, the future is set to get much much darker for the vast majority.
Have a nice day, y'all......
 
Rascal said:
What do you expect when so many fuckwits vote for the greedy fuckwit party

The party that allowed social housing to be sold off but refused to allow local councils to spend the money raised on building replacement housing. It became a free market wankathon for those with capital. It was Thatcherite ideology at its worst, no thinking of the future just thinking about short term profit as per fucking usual
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Let’s not mention the open doors immigration explosion under the Bellend party.
 
bellbuzzer said:
Thatcherite ideology at its worst, no thinking of the future just thinking about short term profit as per fucking usual
Plenty of "malice aforethought" imo. Dismantling the stock exchange "police" led to the mass exodus of building societies to banks, which then saw turbo-powered house price rises and the scourge of buy-to-let rogue landlords. The limit on mortgage borrowing of 3 times a.i. became history, the bubble kept growing fuelled by the infamous "light touch" blind eye by the govnt. The unprecedented mail bombing of bank customers including pro forma blank cheques, and then the inevitable financial meltdown...after 17 years of thatcherism the country was a husk, for most of us, North sea oil squandered on share-holders and tax-breaks for the rich, industry investment non-existent, apart from foreign carmakers who were bribed to the hilt. When the Mirror pension pot was emptied by maxwell, and turned the paper into a comic, it gave the thatcher-backing press an open-goal. They've never looked back, culminating in brexit, a country on it's arse, stuck with a self-perpetuating archaic fptp, a labour party with no voice, immigrants the new "unions", racism presented as "acceptable" FFS, political midgets taking part in a grotesque beauty parade to lead the country.
Bad though it is, the future is set to get much much darker for the vast majority.
Have a nice day, y'all......
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I can only presume you were too young to witness the pre-Thatcher utopia? Hahaha.
 
bellbuzzer said:
Thatcherite ideology at its worst, no thinking of the future just thinking about short term profit as per fucking usual
Plenty of "malice aforethought" imo. Dismantling the stock exchange "police" led to the mass exodus of building societies to banks, which then saw turbo-powered house price rises and the scourge of buy-to-let rogue landlords. The limit on mortgage borrowing of 3 times a.i. became history, the bubble kept growing fuelled by the infamous "light touch" blind eye by the govnt. The unprecedented mail bombing of bank customers including pro forma blank cheques, and then the inevitable financial meltdown...after 17 years of thatcherism the country was a husk, for most of us, North sea oil squandered on share-holders and tax-breaks for the rich, industry investment non-existent, apart from foreign carmakers who were bribed to the hilt. When the Mirror pension pot was emptied by maxwell, and turned the paper into a comic, it gave the thatcher-backing press an open-goal. They've never looked back, culminating in brexit, a country on it's arse, stuck with a self-perpetuating archaic fptp, a labour party with no voice, immigrants the new "unions", racism presented as "acceptable" FFS, political midgets taking part in a grotesque beauty parade to lead the country.
Bad though it is, the future is set to get much much darker for the vast majority.
Have a nice day, y'all......
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And and and....she made the weather worse.
 
I live in Bicester which is pretty much house building central. The town's probably due to double in size in 10 years, due to its great transport links.

The size of houses in new estates seems crazy. Many more 4 & 5 bedroom homes than necessary, as these have a greater margin for developers.

People have talked about realistic first houses being a 2 bed terrace. I can't remember the last new 2 bed terrace I've seen. It's all 3 story townhouses now.
 
For those who rent I often wonder if they don’t get on early the housing ladder will they ever buy if they don’t then they will have to factor that into when they retire of continued rental until they pop their clogs. That’s a lot of money to find in old age a month.
 
CityStu said:
I live in Bicester which is pretty much house building central. The town's probably due to double in size in 10 years, due to its great transport links.

The size of houses in new estates seems crazy. Many more 4 & 5 bedroom homes than necessary, as these have a greater margin for developers.

People have talked about realistic first houses being a 2 bed terrace. I can't remember the last new 2 bed terrace I've seen. It's all 3 story townhouses now.
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Ah Bister.

You can blame the developers. They are supposed to build a certain percentage of new affordable housing per development but find ways round this.

Plus, who will buy their 4 bed boxes if a 2 bed social house is next door?

So they don't bother.
 
bellbuzzer said:
The limit on mortgage borrowing of 3 times a.i. became history, the bubble kept growing fuelled by the infamous "light touch" blind eye by the govnt. The unprecedented mail bombing of bank customers including pro forma blank cheques, and then the inevitable financial meltdown...
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Reminds me of Henning Wehn's definition of a mortgage. "A mortgage allows people who can't afford a property to drive up prices to a level, where people who otherwise could afford a property, can't either."
 
brooklandsblue2.0 said:
Lol - the same utopia that the cretinous Corbyn wants to take us back to.... 3 day weeks anyone? Filth piling up on the streets. God it’s so scary what could happen if he got on charge!!
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You do know the 3 day week was brought in by a Tory government under Edward Heath

I don't expect you do as you are not very bright
 
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