First (terrace) house I bought in the 70s as I recall cost £13,000.
Thatcher raised interest rates to around 17% at one point in the 80s mind.
As an older millennial ('84), I am all too aware of this and it is endlessly frustrating, beyond the usual "people ignorantly wanging on about something based on a fundamental misunderstanding of what they're talking about".Reminder, the press is quite fond of saying Millennials and everyone assumes the under 25's but the definition of millennial is a birth date from 1981-1996. Millenials are starting to hit their 40's.
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My mum paid £7k for her 1st house (1976) just looked them up , £400k + now !First (terrace) house I bought in the 70s as I recall cost £13,000.
Thatcher raised interest rates to around 17% at one point in the 80s mind.
Don't feel too dispondent. It's reached the same level of stupidity with rent. I had to move a couple of years ago, found a place where I could afford the rent and the agency said I didn't earn enough to rent property from them.My wife and I were told we didn't earn enough for a mortgage, she's a teacher and I'm a librarian.
You have continually keep ahead of the curve by always moving to the cheapest area you can find.Don't feel too dispondent. It's reached the same level of stupidity with rent. I had to move a couple of years ago, found a place where I could afford the rent and the agency said I didn't earn enough to rent property from them.
As for allsop's bright idea of moving somewhere cheaper. I did that 12 years ago for cheaper rent. The snag is so did everyone else and now both rents and house prices are at the absurd end of ridiculously high in the place I moved to.
Yeah I'm gonna gentrify the Welsh next. I'm probably about 20 years too late for that though and several hundred grand too poor.You have continually keep ahead of the curve by always moving to the cheapest area you can find.
Seems Kirsty knows less about the property market than we were led to believe
Yup. Sick of wanks like her & "Molly-Mae Hague" popping up and spouting ultra right wing bollox unchallenged.
Oh, that’s not a made up name? (Molly Mae Hague). I’m not aware of that person.
Actually, just realised this is wrong - the house my parents bought in 1981 was 1.5 times my dad's salary.Basically, just compare when my parents bought the house I did most of my growing up in - a 4-bed detached with large garden in a London suburb. Three times my dad's salary - albeit quite a large salary for the time.
Husband and I were about 10 years older than my parents when we bought a 4-bed terrace with a tiny garden in a London suburb 34 years later. It was equivalent of x8 our joint income and only possible as we had two London properties to sell to form the deposit. And we're the lucky ones...
Despite my dislike of her, part of me thinks it must be pretty unpleasant for her to be getting the amount of piling-on that she has been, but then she could just stop commenting on what other people should do with their lives and how, because she really hasn't got a fucking clue, and because this bullshit really feeds into the nasty right-wing rhetoric of how you can get nice things if only you work harder and budget properly.
I bought my first house when I was 23; all young people need to do now is what I did - sell the flat they and their siblings inherited from their relative and buy a house 21 years ago. Sorted.