Originally Posted by Cherie (Post 9506683)

yes it is still a viable option under shared ownership, help to buy, or builders pay deposit on the property, we had electric heaters in the bedrooms, the plug in ones and an old fashioned gas fire in the living room the lodger was a friend so the rent was cheap but helped with the bills. the flat is worth 380,000 last time I looked.

Originally Posted by LeatherTrumpet (Post 9506753)

all its done is triggered people like you

everyone else isnt bothered

sorry

Originally Posted by Kizzy (Post 9506797)

I'm confused, you had no central heating but had heating then, were running both gas and electric fires to heat the flat, I'm wondering at todays values what that would cost?
You had a friend staying with you, for which you charged a little, it wasn't anything long term or legally binding so why is shared ownership offered as a modern day comparison?

Would you have then been able to afford £380k for this flat?

I see you trying to equate your situation then to the issues 20 somethings have today, but to me it's not even nearly comparable.

Originally Posted by Kizzy (Post 9506807)

People like me, could people like you who feel compelled to derail any conversation they can't understand explain what best describes how people like me think please?

Don't be sorry the conversation will be had with or without your input.

Originally Posted by jaxie (Post 9507171)

What you are conveniently forgetting is that while property may have been cheaper twenty years ago pay was also a lot less and energy was still expensive. It's not that different for people of any generation, all have their struggles. There was a time when my grandparents were young when you could buy a house for less than a thousand pounds but in relation to pay at the time it was a great deal of money that most working people would never achieve.

In the 70s and 80s University was free but most working class kids were pushed out to work at 16 to contribute to the household funds.

Originally Posted by Cherie (Post 9507214)

I was just coming in to say this every generation has its struggles, the older generation are currently struggling due to poor interest rates while mortgage holders have it good, 20 years ago the reverse was the case, the younger generation today spend alot of their income on new phones and designer clothes, you have to decide what is important to you, yes it is difficult to get onto the property market in London but not impossible and you don't have to move out very far to get a cheaper option, if I was renting now I would be seriously looking at buying with ten year fixes on a low interest rate that is probably set to change, you would be stupid not try to any way you can

Originally Posted by LeatherTrumpet (Post 9507208)

There is no conversation its just a youtube video that you think is real but it isnt

It should be in general chat anyroad

Originally Posted by Kizzy (Post 9507697)

That's rather presumptuous of you, so this flat you had as a first time buyer is now worth £380k and unattainable for many 1st, 2nd or even 3rd time buyer but it's nothing to do with that, just the priorities of the younger generation?

You bought in London, don't you see that is exactly the attitude displayed in the vid it's not a case of move out of the capital to find cheaper property, that has always been an option. It's the denial that there is a discrepancy between wages and property prices now that is impossible to bridge there even if you lived on a shoestring budget for years.

Originally Posted by jaxie (Post 9508305)

Isn't it presumptuous to assume the older generation had an easy ride also? There has always been a discrepancy between wages and property prices.

Originally Posted by lewis111 (Post 9502024)

Good video that points out the reasons why young people get so annoyed when SOME (Nkt all - some) older people say we want it so easy
We just want more help

Originally Posted by Kizzy (Post 9508389)

I'm aware there has always been a discrepancy, but again for clarity, the flat Cherie bought as a first time buyer is now £380,000...

Originally Posted by Cherie (Post 9508722)

and you are missing the point that even though it does cost alot of money, there are various schemes to help people get on the property ladder which weren't available to people in the 90s or before that , apart from right to buy, so even though property prices are very expensive its not impossible as there is help out there, how is your property purchase going Kizzy?

Originally Posted by Cherie (Post 9508722)

and you are missing the point that even though it does cost alot of money, there are various schemes to help people get on the property ladder which weren't available to people in the 90s or before that , apart from right to buy, so even though property prices are very expensive its not impossible as there is help out there, how is your property purchase going Kizzy?

Originally Posted by jaxie (Post 9509998)

I was just going to say that about the missing the point! But I think the point being missed is that 380000 is more or less the same as an earlier generations 38000 when you take into consideration cost of living and wages at the time.

I can remember an older cousin buying a house in the 80s and struggling to get proof of earnings including overtime of about 9k to get a mortgage on a one bedroom place for around 25k.

Originally Posted by Kizzy (Post 9510511)

Eh?.... we're going back to 1990 not 1890 :/ Wages aren't that dramatically different.

But thanks, you've kind of proved my point, the £25k house your cousin wanted was just over 2 and a half times her income... if you equate that to the £380k flat who is earning £150k per annum to pay for that? :/

Originally Posted by jaxie (Post 9511833)

The example I gave was kind of vague because it was a memory of someone else situation and rather depends on what year it was, where the property being purchased was etc. You can't prove a point when half the facts are missing. :shrug:

You are always going to have higher prices inner city and quite a few people nowadays earn 150k, particularly if it's a couples joint income if they work in the city. That isn't to say everyone does, it also doesn't mean every flat is £380k. There are plenty of flats for sale in and around London from around 80k in places like Plumstead, Plaistow and Stratford if you do a zoopla search. You might have to go a bit further like Watford or Croydon for something around the 50k mark though I did find one place at Canary Wharf for 65k. A lot depends on where you want to live and what compromises you are willing to make. Well actually it's a boat but what a pretty cool place to start from.

https://www.zoopla.co.uk/for-sale/de...062d18ab2a9fc4

Most people start out with something at a lower price and make revenue on the property to move up the ladder.

Originally Posted by Underscore (Post 9511902)

It's blatant ageism and classism, saying that middle aged and middle classed people are Tory and like this. I don't like it.

And I'm not even Tory, I'm Lib Dem :fist:

Originally Posted by jaxie (Post 9511833)

The example I gave was kind of vague because it was a memory of someone else situation and rather depends on what year it was, where the property being purchased was etc. You can't prove a point when half the facts are missing. :shrug:

You are always going to have higher prices inner city and quite a few people nowadays earn 150k, particularly if it's a couples joint income if they work in the city. That isn't to say everyone does, it also doesn't mean every flat is £380k. There are plenty of flats for sale in and around London from around 80k in places like Plumstead, Plaistow and Stratford if you do a zoopla search. You might have to go a bit further like Watford or Croydon for something around the 50k mark though I did find one place at Canary Wharf for 65k. A lot depends on where you want to live and what compromises you are willing to make. Well actually it's a boat but what a pretty cool place to start from.




https://www.zoopla.co.uk/for-sale/de...062d18ab2a9fc4

Most people start out with something at a lower price and make revenue on the property to move up the ladder.

Originally Posted by LeatherTrumpet (Post 9516037)

update your avatar for goodness sake