oh dear (tm): Generation rent: the housing ladder starts to collapse for the under-40

[shaunbhoy]

Your analogy is a bit too close for the truth for my liking

ftfy

That is the problem with whining needy losers like you. You expect to breeze through life foregoing nothing, completely unprepared to make the sacrifices and compromises that previous generations made to get themselves started. I expect that the whole notion of secondhand furniture and quiet nights in eating basic meals whilst feverishly saving to make the first step are completely alien to you.
Then when the harsh realisation dawns upon you that there is no gain without pain, you hold up your arms and look around for someone else to blame for the inescapable fact that you are not made of the right stuff.

Aww diddums. Get used to renting, it looks like you are cut out for it for life unless you have a major change in perspective!

[shaunbhoy]

I cant be assed

A suitable epitaph for you.

[RetSet]

Bloody Hell!

I thought I'd logged onto housepricecrash.co.uk by mistake from the amount of entitlement mentality whining I have just read...

[tractor]

ftfy

That is the problem with whining needy losers like you. You expect to breeze through life foregoing nothing, completely unprepared to make the sacrifices and compromises that previous generations made to get themselves started. I expect that the whole notion of secondhand furniture and quiet nights in eating basic meals whilst feverishly saving to make the first step are completely alien to you.
Then when the harsh realisation dawns upon you that there is no gain without pain, you hold up your arms and look around for someone else to blame for the inescapable fact that you are not made of the right stuff.

Aww diddums. Get used to renting, it looks like you are cut out for it for life unless you have a major change in perspective!

U mad bro?

A suitable epitaph for you.

U mad bro?

I don't rent. I am presently watching my kids struggle to save for a deposit and doing all those things their dad did which you mentioned above. The struggle is getting worse by the year, not the generation

Bloody Hell!

I thought I'd logged onto housepricecrash.co.uk by mistake from the amount of entitlement mentality whining I have just read...

Back in the drawer with you.

[SueEllen]

I don't rent. I am presently watching my kids struggle to save for a deposit and doing all those things their dad did which you mentioned above. The struggle is getting worse by the year, not the generation

Your kids can always move to somewhere like Wales where there are lots of jobs.......

Then again you can tell them to stop spending money on smartphones, TVs, laptops, the internet and other expensive things like that....

Sorry I feel when certain people talk they don't know what people do to save their deposit and just presume things. All of the younger people I know have had to get jobs paying well over the national average let alone regional average so they could buy somewhere.

[tractor]

...

Your kids can always move to somewhere like Wales where there are lots of jobs.......

Then again you can tell them to stop spending money on smartphones, TVs, laptops, the internet and other expensive things like that....

Sorry I feel when certain people talk they don't know what people do to save their deposit and just presume things. All of the younger people I know have had to get jobs paying well over the national average let alone regional average so they could buy somewhere.

Exactly this.

I don't see anyone in this thread being 'entitled'. Just some views that state the obvious; Banks don't lend even though we've had round after round of QE. Deposits are high and the conditions too stringent, runaway house inflation for decades, too few houses, too many people owning too many houses, high rents, no controls and little or no protection for renters esp the most vulnerable. All of those things are in the gift of the government to fix and NL and Tories alike don't give a stuff.

Social housing had to be the norm after the second world war. It's just that no government since then has had a single credible idea of how to wean the population off it's smack. You cannot blame low earners for that but you can blame the rest of the system for making it worse over the last 70 years.

[TykeMerc]

If the "smack" you refer to is mass home ownership that drives house price inflation then there's no cure for it. Mrs T's government in the '80's got the country firmly addicted by selling off millions of houses for buttons to a social group that had no real aspirations towards property ownership.
Once that smack supply was exhausted a very sizeable percentage had been re-sold for a chunky profit and the runaway train was on the endless downhill track with millions more passengers.

Any large scale realignment of house prices would only come about as a result of a massive financial disaster and with the quantity of leverage against property a realignment would cause utter mayhem.

[expat]

So you don't see anything inherently wrong with producing children before you own a home to raise them in then?

I don't. Neither do half the French and two-thirds of the Germans.

[PurpleGorilla]

BTL landlords will get mega stuffed in my lifetime and will be crying into their mortgage once again as they did not so long ago when most were in negative equity.

Yep [emoji106] it's going to be fcuking epic [emoji133]

[shaunbhoy]

I don't. Neither do half the French and two-thirds of the Germans.

Brilliant. Well fook off and live in France or Germany then.