[Cherie]

Originally Posted by jaxie

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.

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

[Kizzy]

Originally Posted by Cherie

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

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.

[jaxie]

Originally Posted by Kizzy

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.

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.

[Oliver_W]

Originally Posted by jaxie

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.

You're being silly, I've seen loads of Facebook memes which say you could buy a palace and ten cars just by flipping burgers thirty years ago.