Al Bundy Posted May 2 Share Posted May 2 1 hour ago, rogets said: A chance to reap the rewards of hard work Free education Cheap housing Affordable cost of living Affordable car usage + holidays etc.... A few examples Explain the free education please as I don't understand. Houses were not cheap when I bought mine, I had to borrow for a deposit and get a mortgage. Cost of living, I will give you that but I remember not having the boiler on all the time due to the costs and my parents always telling us off for keeping lights on. I've never seen so many new cars on the streets, I had to buy an old banger as did all of my mates and we all worked, do you see Gen Z driving clapped out old cars? Check out Facebook, it's full of Gen Z folk on holiday. Link to comment Share on other sites More sharing options...
RJRB Posted May 2 Share Posted May 2 2 hours ago, rogets said: And lets not forget that when Mrs T was in charge, you could still buy a house for peanuts Buying a house for peanuts has never been the case in my opinion .It has always been the biggest major purchase for most people and my circle of friends who all bought houses in their early to late 20s did so based on saving for a deposit and getting a mortgage base on a multiplier of around 2.5 times of earnings. We did have the hope and expectation that after a few years that our earnings would rise to make things more affordable but had to contend with a rapid escalation of interest rates at times. Link to comment Share on other sites More sharing options...
rogets Posted May 2 Share Posted May 2 (edited) 3 minutes ago, RJRB said: Buying a house for peanuts has never been the case in my opinion .It has always been the biggest major purchase for most people and my circle of friends who all bought houses in their early to late 20s did so based on saving for a deposit and getting a mortgage base on a multiplier of around 2.5 times of earnings. We did have the hope and expectation that after a few years that our earnings would rise to make things more affordable but had to contend with a rapid escalation of interest rates at times. If you could afford to buy a house on a part time wage, then that is peanuts in comparison to what young people have to spend buying a house. I bought my first home on a part time wage Bank of mum and dad not needed Edited May 2 by rogets Link to comment Share on other sites More sharing options...
Al Bundy Posted May 2 Share Posted May 2 1 hour ago, RJRB said: Buying a house for peanuts has never been the case in my opinion .It has always been the biggest major purchase for most people and my circle of friends who all bought houses in their early to late 20s did so based on saving for a deposit and getting a mortgage base on a multiplier of around 2.5 times of earnings. We did have the hope and expectation that after a few years that our earnings would rise to make things more affordable but had to contend with a rapid escalation of interest rates at times. Indeed. Where were all these cheap houses for peanuts because obviously I didn't find them? Link to comment Share on other sites More sharing options...
alchresearch Posted May 2 Share Posted May 2 1 hour ago, RJRB said: Buying a house for peanuts has never been the case in my opinion .It has always been the biggest major purchase for most people and my circle of friends who all bought houses in their early to late 20s did so based on saving for a deposit and getting a mortgage base on a multiplier of around 2.5 times of earnings. I guess it all depends on location and what you want and if you're prepared to start at the bottom of the housing ladder. When I considering buying in 1992 I remember seeing a 2 bed terrace in Page Hall for £8000. Link to comment Share on other sites More sharing options...
rogets Posted May 2 Share Posted May 2 2 hours ago, Al Bundy said: Indeed. Where were all these cheap houses for peanuts because obviously I didn't find them? They were everywhere, houses from as little as £8000, to ones at Wisewood for £30,000, Handsworth too, you could get a 2 up and 2 down for 25 to 30k until the early 2000s (around 2003) Detached houses in leafy areas like Lodge Moor were only 90k And wages were still good in those days with time and half and double time being the norm in the 90s Link to comment Share on other sites More sharing options...
Al Bundy Posted May 2 Share Posted May 2 Just now, rogets said: They were everywhere, houses from as little as £8000, to ones at Wisewood for £30,000, Handsworth too, you could get a 2 up and 2 down for 25 to 30k until the early 2000s (around 2003) Detached houses in leafy areas like Lodge Moor were only 90k And wages were still good in those days with time and half and double time being the norm in the 90s But back then, I couldn't afford one at Lodge Moor. Link to comment Share on other sites More sharing options...
Al Bundy Posted May 2 Share Posted May 2 2 hours ago, alchresearch said: I guess it all depends on location and what you want and if you're prepared to start at the bottom of the housing ladder. When I considering buying in 1992 I remember seeing a 2 bed terrace in Page Hall for £8000. I bet they are still about that price!!! Link to comment Share on other sites More sharing options...
rogets Posted May 2 Share Posted May 2 4 minutes ago, Al Bundy said: But back then, I couldn't afford one at Lodge Moor. BUt you surely could have afforded a house in Hillsborough, Woodseats up until around the year 2003? I know I could afford a house at 1990s/early 2000 prices on a part time wage Love to see the younger generation try to buy a home with one part time wage Link to comment Share on other sites More sharing options...
hackey lad Posted May 2 Share Posted May 2 39 minutes ago, Al Bundy said: I bet they are still about that price!!! 😂😂😂 Link to comment Share on other sites More sharing options...
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