I remember an interview with a rich woman when they brought in means testing for child benefit. She was laughing and said she didn't even see the point in giving child benefit to anyone as it's a paltry amount and she spends more on face cream in a week. Just completely out of touch with people who rely on child benefit to pay for food and essential living costs for their child(ren).
I think it goes back to this: https://not606.com/threads/the-cost-of-living.419763/page-4#post-18680085 Old lasses refers to Hens.
https://www.bbc.co.uk/news/articles/cq65m95gqdjo Young people can’t afford to move out of the family home - BBC article
A number of my daughters friends have gone to local uni's and continued to live at home. Student loans/finance hasn't kept up with the cost of living and rent.
Sadly a lot of the non dom billionaires spend their spare cash supporting Farage with ultimate aim of much smaller government. Sadly too many of us are falling for their bile. If we want decent public services we all need to pay for them and that includes those with the broadest shoulders.
My daughters back from uni and at mine aged 23, which is fine for me but she’d like her own place and it’s not looking easy or affordable despite working full time. She’s trying to get money in the bank for a month up front and months rent. It would be nice if she could buy sometime which feels a big ask, saving for that when there are already high rents and high costs of living. It’s not their fault society has gone this way but the things many of us had, they can’t have. It’s not their fault. It’s ours - the older generations that have had a vote - for accepting ****e and letting those with excess money push up the prices of rent and housing, out of greed. Why do people want so much more when some have nothing
Get your rose tinted glasses off, got nothing to do with older generation, it down to SUPPLY and DEMAND, let a 500k + in yearly and country will never build enough houses, both my daughters left school at 16 and both got their own houses in Sunderland by the age of 21 so can be done if they learn to save and budget.
Average age of a first time buyer is about 11 years older than your daughter, if she manages to buy anytime before 30 she'll be doing a hell of a lot better than most.
I think its you that has the rose tinted glasses on. People are being ripped off everywhere, you dont seem to be able to see that
Of course people are being ripped off house prices fuel prices to name a few. What have I said through your rose tinted glasses, supply and demand do not effect house prices then. After studying and using markets for over 30 years, i learn something new everyday
Lots of factors obviously but one is LLCs buying up lots of property to be rented out, they are one of the biggest factors that have kept the market afloat since the covid era, which would have more or less collapsed by now under normal circumstance and to be honest the market needs to collapse, if you're already on the market that will be scary (seeing your home devalued) but the bar is so high for first time buyers now it's becoming untenable. This isn't a critique of capitalism but more of oligarchy and weak government. Private property is important and is something worth fighting for.
Only scary if looking to sell, I believe in a house is a home, only lived in two different houses my entire life, parents house bought in 1952 and my current house. Here for about 30 years. Also Airbnb has a lot to answer for, should be banned in a lot of areas. It seems to be causing issues the world over.
First time buyer here, put an offer in for a house the weekend before last, seller still thinking about it, literally bit all my nails off at this point.