Generation rent

[PragueBlue]

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.

 

[BimboBob]

Yeah you crack on, clown.

Why have you still got 2 accounts?

 

[Man_City_Loyal]

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.

Cheaper, plus i will never be able to get on the housing ladder due to my bad credit history

 

[The Northern Baptist]

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.

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.

 

[inbetween]

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.

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.

 

[Blue Maverick]

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.

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.

 

[brooklandsblue]

Why have you still got 2 accounts?

To trigger you mainly....

 

[Ban-jani]

It’s not hard getting on the property ladder if you want it enough

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.

 

[brooklandsblue2.0]

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.

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!

 

[mancityvstoke]

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.

Lot of lads in the 80's couldnt afford to buy either.....houses doubled in price one year