Yep, mine too. The biggest difference between then and now is how difficult it is to get on the housing ladder. Resigned to have to give them a significant advance on their inheritance to enable them to buy somewhere half decent. It’s sad that most people will be forced to spend most of their lives lining a landlord’s pocket.
Suppose what I am seeing is, yes, the young ones today all seem to be having great lives, I quite agree. Compared to your generation, which I suspect is our two children’s generation, it seems loads better which in turn was better than our generation.
It'll affect all of us, because we're the ones that will have to repay it.
Nah, they'll all be ever so grateful that these plucky investors have 'provided' so much great housing for them to choose from.
Become a investor yourself and rent the place out cheap
My niece is 23, she moved out a few years ago with her boyfriend rented a flat down oldham rd near miles platting, rent was about £800 a month, landlord got greedy and upped it after a year to £1100! She moved back to her mum and dad’s with boyfriend in tow. They stayed for around 8 months then decided they wanted to ive to the city centre, rent is around £1200-1300 a month. So instead of saving for a deposit whilst living at her mums they are now blowing close to £15k a year in rent! They could’ve bought a house in Oldham (ye I knew not the best) near her mum for around £120k. Get on the ladder and then move up, but she like many see what others in socia media have and want that lifestyle, she could’ve been paying half that in a mortgage and having a better life, ut she knows better will get to her 30s and be fucked, what happens to all these renters when they retire, unless they have huge pensions they’ll never afford a decent place to rent, but they live for the moment these days and don’t seem to care about their futures.