Does anyone still think the housing market isn't broken?

[Scam]

Thing is they expect it now and blame the whole world because it's not fair!

I can't be bothered to find the stats but if you look at how the age of FTBs has risen then all millennials are asking for is the ability to buy their first home in their twenties (like their parents), rather than in their forties which is becoming common.

Life has never been fair, you do the best you can.

And for the first time ever in history, the younger generations will be worse off than their parents. That is not "life isn't fair" -- that is a downright travesty.

 

[CREATIVE!11]

**** it.

I'm just going to live out of a van, yolo.

 

[CapitalOne]

I don't understand the inter generational bashing on this site. Maybe it's the demographic - maybe some of you don't spend enough time with people who aren't the same "demographic" as you and generalise. The whole *********/millennial bashing is the worst part as don't forget oldies, these people are your future.

As for "life isn't fair"

I'd say someone unhappy with their current lot would say that, rather than the more realistic "life is what you make it" don't you think?

Back to houses, think of it as the bar being pushed back in line with the amount of credit in the system. The more credit, the more the bar gets pushed back. Some of you will have to wait for your parents to pass on the money to buy your own preferred (I won't say dream!) place. Your parents before you were just able to buy it. Your kids will have to wait for you to reach the terminal point and hope the government don't take it. After that, I don't know. Allocated housing for all? Universal income? I had a dream recently (I'm dull, or maybe I saw a film) where you qualified academically to get a "key". This key allowed you to work in any old building you wanted to turn up to and if there was work, the doors would open, you'd sit down and do your work. At the end you would be rated, asked to come back or not. It meant you could work as much or as little as you like. Maybe that's the future?

 

[Jamesyboyjim]

I can't be bothered to find the stats but if you look at how the age of FTBs has risen then all millennials are asking for is the ability to buy their first home in their twenties (like their parents), rather than in their forties which is becoming common.

And for the first time ever in history, the younger generations will be worse off than their parents. That is not "life isn't fair" -- that is a downright travesty.

Yet lots of older people refuse to accept that, instead resort to name calling, telling people to simply work harder and the classic "in my day".

 

[CREATIVE!11]

I can't be bothered to find the stats but if you look at how the age of FTBs has risen then all millennials are asking for is the ability to buy their first home in their twenties (like their parents), rather than in their forties which is becoming common.

And for the first time ever in history, the younger generations will be worse off than their parents. That is not "life isn't fair" -- that is a downright travesty.

Life isn't fair.

But you know, lets just not fix it because yeah.... life isn't fair.

It's a great logical approach to the problem. Life isn't fair..... let's just not fix global warming.

 

[Vonhelmet]

Life isn't fair.

But you know, lets just not fix it because yeah.... life isn't fair.

It's a great logical approach to the problem. Life isn't fair..... let's just not fix global warming.

BRB, got a great idea for simplifying the criminal justice system.

 

[Ayahuasca]

BRB, got a great idea for simplifying the criminal justice system.

Let older criminals decide their sentences whilst handing out harsher ones to the youngens?

 

[Vonhelmet]

Let older criminals decide their sentences whilst handing out harsher ones to the youngens?

Could do. I was thinking of just getting the judge to say "Life isn't fair" to all plaintiffs, but I suppose that would be quite unfair to anyone under, I don't know, 60. They'd still get the proper treatment. After all, they didn't fight in a world war* to give up their legal rights!

*Most of them didn't fight in a world war

 

[V F]

Well, it's not fair, as has been pointed out to you and people like you many times. Older generations had it way way way easier in terms of getting on the housing ladder.

That wasn’t what I was told except it was a different kind of hard.

 

[Uther]

**** it.

I'm just going to live out of a van, yolo.

Well, lots of people are doing just that now. Some of them just so they can save for a house....

 

[LabR@t]

I don't understand the inter generational bashing on this site. Maybe it's the demographic - maybe some of you don't spend enough time with people who aren't the same "demographic" as you and generalise. The whole *********/millennial bashing is the worst part as don't forget oldies, these people are your future.

As for "life isn't fair"

I'd say someone unhappy with their current lot would say that, rather than the more realistic "life is what you make it" don't you think?

Back to houses, think of it as the bar being pushed back in line with the amount of credit in the system. The more credit, the more the bar gets pushed back. Some of you will have to wait for your parents to pass on the money to buy your own preferred (I won't say dream!) place. Your parents before you were just able to buy it. Your kids will have to wait for you to reach the terminal point and hope the government don't take it. After that, I don't know. Allocated housing for all? Universal income? I had a dream recently (I'm dull, or maybe I saw a film) where you qualified academically to get a "key". This key allowed you to work in any old building you wanted to turn up to and if there was work, the doors would open, you'd sit down and do your work. At the end you would be rated, asked to come back or not. It meant you could work as much or as little as you like. Maybe that's the future?

If that was aimed at me, couldn't have further off, very happy with my lot. You do the best you can, as I have already said just get in with it stop moaning.

 

[Vonhelmet]

That wasn’t what I was told except it was a different kind of hard.

Given that home ownership is falling among the younger generations I'm going to say it is getting objectively harder.

 

[LabR@t]

Life isn't fair.

But you know, lets just not fix it because yeah.... life isn't fair.

It's a great logical approach to the problem. Life isn't fair..... let's just not fix global warming.

Do you really think humans have that much impact?

Earth has been through far worse, it is only us that are at risk not the planet.

Species come and go, always have always will.

 

[Vonhelmet]

Do you really think humans have that much impact?

Earth has been through far worse, it is only us that are at risk not the planet.

Species come and go, always have always will.

Do you not think it might be better if perhaps we didn't go? Or didn't go quite so soon? Or are you happy to write off the human race just because lol whatever?

 

[adolf hamster]

Do you not think it might be better if perhaps we didn't go? Or didn't go quite so soon? Or are you happy to write off the human race just because lol whatever?

He's either a troll or the incarnation of scrooge. Short version is he doesnt listen to people under 60 so i wouldn't bother arguing with him.

 

[Spook187]

I rented for 11 years paying someone's else's mortgage off and thought this isn't fair, turned my life around after being rock bottom, now hope to be mortgage free in 5-7 years, got shot of the BMW and other unessary luxurys that drain the salary and managed to buy a house, you have to make big sacrifices even more nowdays, nothing is handed on a plate anymore.

 

[Roar87]

Do you really think humans have that much impact?

Earth has been through far worse, it is only us that are at risk not the planet.

Species come and go, always have always will.

Technology will save the environment, not people signing bits of paper. Anyone who's been to America should immediately see how pointless anyone in the UK using a smaller vacuum cleaner is, all they drive out there is 5 litre SUVs, and they'll drive them across the street rather than walk.

 

[Amp34]

Why either or? I can do both on the same day.

Don’t like surfing anyway!

 

[lude1962]

Well, it's not fair, as has been pointed out to you and people like you many times. Older generations had it way way way easier in terms of getting on the housing ladder.

Their lives were less complicated too, majority didn't own cars (couldn't afford them), no mobile phones, no internet/social media, 3 channels on TV(if they could afford one) shorter life expectancy, but easier to buy a house. Gyms were not needed as they used to burn the fat off doing manual labour.

 

[Amp34]

Couple of people I worked with did this recently and another is in the process of doing it - but they don't really have that much in the way of family attachments, etc. but if they can find work on a comparable salary it is the difference between a tiny 1-2 bed flat in a not great area or a 2-3 bedroom semi-detached up North in an OK area.

Unfortunately it doesn’t even seem to be considered an option for many people, even though it would be eminently possible in their situations. The other issue is that there needs to be a job available for them at a similar salary point. It wouldn’t be an option for many of my friends and colleagues, but for less “specialist” careers like teaching and IT it would certainly be one.

It's even worse in Auckland NZ, average salary = $45k, cheapest freehold houses are around $650k, 13x average salary. And for that, you get what is essentially a static caravan without wheels!

It’s the same the world over unfortunately. Desirability (both in the sense of nice and places with good employment options) seems to be directly proportional to cost of housing. Sydney Australia, Toronto, Vancouver (and to an extent Calgary), Canada and I’m sure plenty of places in the US.

In part because there are so many with good wages in those locations being able to afford to pay more, as opposed to “just” average wage, and because of property speculation.

Yes you can move to the sticks/up north, but the pool of jobs (especially well paying) is going to be significantly smaller. Perhaps this will change in future, with a greater proportion working from home, perhaps not.