Young people complaining they don't own a property

[Evander]

I hardly knew anybody who owned a property during their 20's and 30's.
What's so different between now and then ?

[Jaguar]

Twenty to thirty years ago a lot (if not most) young people in the UK were buying their first homes in their late 20s or early thirties. It was the norm. This generation of young people look at that and see they're not able to do the same as their parents.

[Evander]

We rented from the council or went on a council estate, three of them.
That's where you get grounded and meet everybody

[Jaguar]

Going back to the 1950s and '60s, most working-class people lived in rented social housing. By the 1980s, the majority of young people were buying, overwhelmingly so by the turn of the millenium.

[Evander]

Going back to the 1950s and '60s, most working-class people lived in rented social housing. By the 1980s, the majority of young people were buying, overwhelmingly so by the turn of the millenium.

Not on our manor man
Where are you from, up north ?

[Ruthless-RKO]

Bought my first at 25.

[Boxerbeetle]

It’s definitely harder than it was c.30 years ago, but equally seems lots of the same young people who complain about it don’t do that much to help themselves. When my missus & I were saving to buy our first house, I was in a cheap houseshare renting a single bedroom, and she lived there with me, basically saving all of her wages towards a deposit. Was obviously pretty cramped and unpleasant, but we had a full deposit built up within a year.

From what I read online, lots of young people are renting themselves nice flats / houses and then complaining they don’t have enough spare money to save for their own place. Surely they must realise you need to make some sacrifices in order to do so, whether that’s financial or general comfort?

[IKSRTFO]

I hardly knew anybody who owned a property during their 20's and 30's.
What's so different between now and then ?

Bullsh!t

My parents and their peers owned a houses at 23 years old working blue collar union jobs

[NazNaci1]

My dad bought his first house when he was 22yrs old and was working as a cobbler. My mum was 18, did not work and they were married.

This would have been around 1970-71, before I was born.

A lot has changed.

[Nightmare Roy]

A shitty two bed terrace house in an area free of heoin addicts costs about £200k now, young kids haven't got a chance.

[margaret thatcher]

just compare prices today to those in past generations. even accounting for inflation properties and rents are far more expensive now. my dad was able to buy a house back in his day with just 2 years of salary saved up. today it would take him his whole career

[Nightmare Roy]

just compare prices today to those in past generations. even accounting for inflation properties and rents are far more expensive now. my dad was able to buy a house back in his day with just 2 years of salary saved up. today it would take him his whole career

I know 3 graduates from about 25 years ago, they left uni, got graduate jobs paying around £25k and bought similar homes that cost probably £60k, those same jobs now pay £35k but those same houses now cost £250k. Young people will ony ever own property via inheritance for the most part.

[Coco]

Got my first at 19, 42k, didn't need to prove income then

[Lenny Cravats]

I'm buying the cheapest 2 bed house in my area

£268,000.

So you need at least 10% deposit, then £1400 a month mortgage plus £250 council tax and whatever utilities cost.

Even if you can afford the monthly mortgage cost, how are you saving £30k when you're renting?

[tiny_acres]

My middle child Bought her first house with her husband at 20 (he was 28) that was 7 years ago.
My oldest child bought a house at 26 with her husband (he was 27) that was 2 years ago
My youngest bought his first house at 24 this year.
Several of their friends are the same way. Buying property young may not be easy but it is a choice of priorities. Land and homes are not getting cheaper and if they are not going to buy young I doubt they will afford homes when they are 40.

[Ruthless-RKO]

When I got out of college.

One of the first things I was told was

“Get on the properly ladder” as quick as you can.

[Nightmare Roy]

When I got out of college.

One of the first things I was told was

“Get on the properly ladder” as quick as you can.

Me too if only I'd listened, i could have bought a house for £30k when i was earning about £15k, instead i pissed it up the wall and had a great time first gaff i bought was £425k we'd all be multimillionaires with hindsight.

[Baby Face Finster]

When I got out of college.

One of the first things I was told was

“Get on the properly ladder” as quick as you can.

Great advice.

I know there is some merit to renting but nothing beats having something that belongs to you. I currently have just over $100K to pay off my home. Was the greatest thing I did buying my home 14 years ago. My current mortgage is less than the majority of one room renters in my city.

[Evander]

I hardly knew anybody who owned a property during their 20's and 30's.
What's so different between now and then ?

Bullsh!t

My parents and their peers owned a houses at 23 years old working blue collar union jobs

What job they do then ?

[IKSRTFO]

I hardly knew anybody who owned a property during their 20's and 30's.
What's so different between now and then ?

Bullsh!t

My parents and their peers owned a houses at 23 years old working blue collar union jobs

What job they do then ?

Jobs that wouldn't afford a house in 2026

[Nightmare Roy]

Bullsh!t

My parents and their peers owned a houses at 23 years old working blue collar union jobs

What job they do then ?

Jobs that wouldn't afford a house in 2026

Like most jobs today unfortunately

[John]

In the 70s & 80s the population was flat and we had enough housing for everyone. Mass immigration has added another 10 million to the population but the housing supply is not much changed.

[Coco]

In the 70s & 80s the population was flat and we had enough housing for everyone. Mass immigration has added another 10 million to the population but the housing supply is not much changed.

Immigration is great for property owners.
also now the major landlords come from Arab and Russian nations

[John]

Immigration is great for employers too, competition for jobs, ie low demand for workers, keeps wages low. Just like high demand for housing keeps housing costs high.

[Tony1244]

Immigration is great for employers too, competition for jobs, ie low demand for workers, keeps wages low. Just like high demand for housing keeps housing costs high.

That is exactly why immigration is happening. Greedy employers don't care about their nation or Western Civilization for that matter. The irony, of course, is these immigrants are conservatives by Western standards. they hate our values.