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

[PurpleGorilla]

I thought property prices only went up?

[AtW]

I thought property prices only went up?

It's a phenomenon only found in UK

HTH

[PurpleGorilla]

It's a phenomenon only found in UK

HTH

Ah yes now i remember....

"An end to boom and bust"

Nice one [emoji106]🏼

[vetran]

I thought property prices only went up?

in OZ they aren't big on mass immigration nowadays which is Ironic.

[shaunbhoy]

Ah yes now i remember....

"An end to boom and bust"

Nice one [emoji106]🏼

He DID end Boom and Bust. Well he put paid to the "boom" aspect at any rate!

[original PM]

Yeah but look it has nearly stabilised at around what it was in the late 80's.

The main peak is the one just before the crash in 2009.

Which was under winkey mc****nuts no more boom and bust government.

Which is no doubt thatchers fault.

:|

Seriously??

[SueEllen]

It's a phenomenon only found in UK

HTH

We need to send some rich criminals to Oz.....

[lilelvis2000]

Renting is far more common in continental Europe, so as we move to this model, there are some important things we need.

A) we need better rent controls,

B) tenant rights need to be improved (no kids, no pets = no life)

C) longer assured tenancy must be on offer.


I would argue that a lack of the above is a significant driver to buy somewhere instead, so you can have a bit more scrutiny.

But, if none of this come to be, then it really is a tulip situation for the young. Proper exploitation.

I would love to see a big fat tax on landlords, partly to make it less lucrative. But then in today's system, rents would just be raised to compensate.

Only if the young stay in the UK. My argument is that the grass really is greener over the pond.

[expat]

Only if the young stay in the UK. My argument is that the grass really is greener over the pond.

Of course it is. Or over the Pacific. Or even over the Channel.

[unixman]

Fix pensions and watch BTL die.