Under 45? Oh dear!

[BlasterBates]

Probably, but also probably less expensive in relative terms than today.

mortgage rates at the time....

https://www.thehanley.co.uk/standard...story_297.html

You might just see a connection.

In fact in 2008 houses were a lot more affordable than in 1990.

Of course anyone buying a house in 1990 didn't know they were going to crash in 1990's.

and think about this, people bought houses at high prices and swingeingly high interest rates and then their assets dropped like a stone.

You can't use the mid-nineties as a measure of "normality" it was a huge crash.

If they jacked up interest rates to 15% that house in Warminster won't fetch 300 grand.

[shaunbhoy]

I've never been there, but what about the Republic of Ireland?

You'll be fooked. They don't like dreary twunts!!

[shaunbhoy]

A lot of smug retirees are hopelessly out of touch and have absolutely no idea of the difficulties faced by young people these days.

Why should it matter whether or not most retirees are au fait with the difficulties facing young people?
They are neither the solution or the cause of these problems.
Young people have always had hurdles to overcome, the only real difference is that in the past those young people did not expect to climb over those hurdles without having to make sacrifices and compromises.
Nowadays the over-inflated sense of entitlement oozes from every impatient pore, and everything is someone else's fault.

[SueEllen]

Why should it matter whether or not most retirees are au fait with the difficulties facing young people?
They are neither the solution or the cause of these problems.
Young people have always had hurdles to overcome, the only real difference is that in the past those young people did not expect to climb over those hurdles without having to make sacrifices and compromises.
Nowadays the over-inflated sense of entitlement oozes from every impatient pore, and everything is someone else's fault.

Old people are the ones, if they are up to date, who subsidise their children and grandchildren - which is why some care.

[PurpleGorilla]

Old people are the ones, if they are up to date, who subsidise their children and grandchildren - which is why some care.

So you didn't get the "we got no help, so you will get no help" talk then?

[PurpleGorilla]

mortgage rates at the time....

https://www.thehanley.co.uk/standard...story_297.html

You might just see a connection.

In fact in 2008 houses were a lot more affordable than in 1990.

Of course anyone buying a house in 1990 didn't know they were going to crash in 1990's.

and think about this, people bought houses at high prices and swingeingly high interest rates and then their assets dropped like a stone.

You can't use the mid-nineties as a measure of "normality" it was a huge crash.

If they jacked up interest rates to 15% that house in Warminster won't fetch 300 grand.

By this logic houses have always been as expensive (relatively), and that, is arse.

[SueEllen]

So you didn't get the "we got no help, so you will get no help" talk then?

Nope - I know who to go for help in my family for different things and vice versa.

[PurpleGorilla]

Nope - I know who to go for help in my family for different things and vice versa.

Every family is different I guess!

[SueEllen]

Every family is different I guess!

Say things like that enough then you can wonder why when you are 90 no one in the younger generations of your family or even your neighbours can be bothered to visit you.

[PurpleGorilla]

Say things like that enough then you can wonder why when you are 90 no one in the younger generations of your family or even your neighbours can be bothered to visit you.

Thanks for that.

I look after my family very well, and my wider family when times have been tough and they have needed help and support. My kids have trusts setup and will get all the help I can give them.