[Cherry Christmas]

Originally Posted by Toy Soldier

Can I point out that the bit in bold is not mainly because parents have more money available to help now... it's mainly because it is so much harder to do it without help. Average house prices were something like 3 to 4x average income in the 80's, now they're 10x average income. 5% deposits were introduced because so few people could realistically save 10% of the huge asking prices. Parent=guarantor mortgages were developed because so many young people have had their credit ratings (which did not even exist in the same way 30 years ago) utterly destroyed by persistent debt.

You've taken the "more people get loans from their parents" and taken it as a given that the reason for that is there being more help abundantly available from parents - rather than considering that it might be because more people NEED that help and can't obtain enough finance without it.

I have done nothing of the sort I was pointing out the different forms of help available today, and was also disabusing the notion that the bank of Mum and Dad is a fantasy