Under 45? Oh dear!

[DimPrawn]

The world is not all about the UK, its crap, money laundering based, economy and preposterous house prices.

This too. Look to the future, emigrate. Houses will never be cheap and they never were. When they were cheaper, the interest rate meant no one could afford the repayments. Now money is free, the prices are high and it's the deposit that kills. When interest rates are 10%, houses will be "cheap" compared to today, but the monthly payments will cripple you.

[PurpleGorilla]

This too. Look to the future, emigrate. Houses will never be cheap and they never were. When they were cheaper, the interest rate meant no one could afford the repayments. Now money is free, the prices are high and it's the deposit that kills. When interest rates are 10%, houses will be "cheap" compared to today, but the monthly payments will cripple you.

Well a generation ago a teacher could buy a nice house, and a doctor a nice place with land. Today, this is far less achievable. Far far less achievable.

[PurpleGorilla]

^This++

Globalisation, free movement of workers and companies in the EU. The rise of India and China. The Internet. Immigration and migrant workers. Distance working and offshoring. Giant tax dodging corporations.

Now you can say "boomers did this", but the point is, this is how the world has changed. By all means fight it and vote against it if you can, but adapt and improve to compete.

We live on a tiny island with the most densely populated land in the EU. Immigration means 10,000,000 arrivals in the next decade. You ain't ever going to buy a 5 bed house on a big plot, with a nice big garden earning the average wage. Never, not ever. Not a chance.

Get over it, move on, move up, MTFU.

HTH BIDI

Globalisation is a good one to add [emoji106]🏾

[PurpleGorilla]

We've been through the statistics. houses are as affordable as they were in the 1980's.

If you blow it all on foreign holidays and playstations what do you expect.

You want that house in Warminster you need to get your "arse" in gear, start putting in a bit of overtime.

With massive deposits and homicidally low interest rates, combined with a tulip load of government lending.

[LucidDementia]

Globalisation is the root of all evil

FTFY

[expat]

Well a generation ago a teacher could buy a nice house, and a doctor a nice place with land. Today, this is far less achievable. Far far less achievable.

What you seem to see as a single problem, with a single class of people to blame, is in fact a complex of sometimes unrelated problems. The difficulty of professional people buying a house now is due to a number of factors, not least that the availability of credit now has given them many more competitors in the housing market. If everybody wants a house and there are not enough (true then as now), and most of them are bought on credit, then the price will be determined by how much credit is available.

Teachers and doctors used to be on the right side of a firmly drawn line of ability to afford it, now they have been joined by many more competitors who can get credit now. A few more Capt Mainwarings in the banks would fix that, but perhaps not to your liking.

[PurpleGorilla]

FTFY

I find your 'fixing' extremely deceitful.

[barrydidit]

A few more Capt Mainwarings in the banks would fix that, but perhaps not to your liking.

Like so?

PG - I'd like a mortgage please.
CM - Stupid boy.

[PurpleGorilla]

I doubt Capt Mainwaring would have permitted all this Borrow To Regret bollocks.

[LucidDementia]

I find your 'fixing' extremely deceitful.

At least you can find it.