[user104658]

Originally Posted by Cherie

the other thing more prevalent now is the bank of Mum and Dad

there was no bank back in the day ...sigh

kids now benefit from their parents buying their properties either in their lifetime or when the parents sadly die

Such a generalisation Cherie.

In the late 80’s My wife’s parents were helped to buy their first home by both of their sets of parents in their early 20’s and traded up and up through the property booms of the 90's and early 00’s.

In 1983 my own maternal grandmother sold my parents her 4 bedroom house at a fraction of market value when my sister was born (they were in their mid 20’s), asking only the cost of the one-bed bungalow she was moving to.

My parents got divorced and sold up everything, my mum is already dead and my dad has no solo assets left and a much younger wife so I’ll get nowt when he does die.

My wife’s parents are only 15 years older than me so we're likely to be pushing retirement by the time we inherit anything from that side.

Yes we’re doing well at this point but literally every penny is ours. To suggest that “the bank of mum and dad” is new and available to all, or that it didn’t exist for anyone in the 80’s, is just not true. We were extremely poor in our early to mid 20’s and got no help at all. Both of our sets of parents got heaps of help.