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

[original PM]

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!

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.

:|

[DimPrawn]

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!

Because the price of a house has nothing to do with affordability.

£100K house with a 19% mortgage rate is less affordable than a £300K house with a 2% mortgage rate.

Stop you whining, MTFU and join the property gravy train. And lose the victim mentalilty.

[PurpleGorilla]

Because the price of a house has nothing to do with affordability..

arse!

The more expensive the house, the larger the deposit. In the real world of mortgages, a high price of housing means it's huge deposits needed. What country are you living in?

[PurpleGorilla]

Because the price of a house has nothing to do with affordability..

arse!

The more expensive the house, the larger the deposit. In the real world of mortgages, a high price of housing means it's huge deposits needed. What country are you living in?

[DimPrawn]

Depends what country my yacht is moored in.

[shaunbhoy]

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?

They have 2 choices open to them :-

1) Get used to renting

2) Move to somewhere that they CAN afford to buy, preferably far away!!

Whichever option you choose, please just do us a favour and stop your incessant whining. Nobody gives a sh*t.

[AtW]

Stop you whining, MTFU and join the property gravy train. And lose the victim mentalilty.

WHS with bells on!

[AtW]

Depends what country my yacht is moored in.

FTFY

[AtW]

Sacrifices, Generation Facebook have no idea what that means.

That's not true.

They can skip generation of eyePhone, you can't ask for more...

[AtW]

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.

I would not call it living...