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

[AtW]

This thread proves how good "oh dear (tm)" brand is

[SueEllen]

Prices are high because government uses force to keep rates low, embarks on bubble inflating exercises like help for first-time buyers, etc, etc.

All rent control does is limit supply and lower quality.

The solution is real prices. Not manipulated prices.

The solution is more house building.

Some greenfield sites in the SE aren't worth saving either environmentally or for their "view".

[SueEllen]

If you read my post earlier in the thread I was saying exactly this.

We made sacrifices to get what we wanted because we knew we couldn't have it all.

As did our parents.

Todays generation will think nothing of dropping 50 quid on a new hipster hairdo.

Then bitch about not being able to afford a house.

Nope they don't all think that.

It's worth talking to some actual young people....

[DimPrawn]

This thread proves how good "oh dear (tm)" brand is

Oh Dear ™

FTFY

[DimPrawn]

If you read my post earlier in the thread I was saying exactly this.

We made sacrifices to get what we wanted because we knew we couldn't have it all.

As did our parents.

Todays generation will think nothing of dropping 50 quid on a new hipster hairdo.

Then bitch about not being able to afford a house.

^ This.

25 years ago some friends of mine bought a very large 5-bedroomed house set in some land. At the time I remember thinking how the hell could they afford the monthly payments. They did, just, but they never went on holiday, lived off SMART price food, drove bangers for cars and wore clothes from the charity shops. They lived like this for about 15 years until their earnings rose and interest rates fell.

Now it is all paid off and worth about £900K.

Sacrifices, Generation Facebook have no idea what that means.

[PurpleGorilla]

Sacrifices, Generation Facebook have no idea what that means.

That's tulip DP. Generation Facebook have no future beyond wiping the arses of boomers! With no hope on buying a house, what are they supposed to do?

[DimPrawn]

That's tulip DP. Generation Facebook have no future beyond wiping the arses of boomers! With no hope on buying a house, what are they supposed to do?

[DimPrawn]

In 1995 a BMW E30 M3 was at a list price of £23K.

The new M3 costs about £56K.

In 1995 the average house price was about £85K.

Now it is about £200K.

So in 1995 a house = 4x a BMW M3, today a house = 4x a BMW M3.

[PurpleGorilla]

In 1995 a BMW E30 M3 was at a list price of £23K.

The new M3 costs about £56K.

In 1995 the average house price was about £85K.

Now it is about £200K.

So in 1995 a house = 4x a BMW M3, today a house = 4x a BMW M3.

Today you need magic beans to buy.

Why compare to M3s when you can look at the average wage to average price ratio. Let's take a look...



So 3x average wage in 1995 and 5.5x average wage in 2015.

well f me!

[PurpleGorilla]