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    More than half of renters aged 25 to 44 ‘had expected to be homeowners by now’
    United Kingdom

    More than half of renters aged 25 to 44 ‘had expected to be homeowners by now’

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    11 Comments

    1. maltanis on

      Yup, even with a university degree and a well-paying job, I’m not getting a home until my parents or my partner’s parents die and we inherit the money to do so.

    2. NoAvocadoMeSad on

      How many of them actively worked towards it?

      Anecdotal of course but most people I know complain about house prices and cost of living but piss there money up the wall every weekend and get take aways multiple times a week

      Buying a house on a dual income in a reasonable area is very achievable still

    4. xParesh on

      I came to London 20 yrs ago. I never thought for a moment I’d be spending almost all of that time bouncing around between HMOs before I was able to get on the ladder.

      It was bad then and its even worse now. It’s never going to get easier. Don’t make the same mistake i did by wasting your life hoping it will change. It wont.

      I hate to say this but if you can, buy what you can where you can while you can.

    5. plawwell on

      All I know is that house prices of today will be looked back at fondly in thirty years time as being much, much easier to buy. We don’t know what’s around the corner but it’s worse than you could ever imagine.

    6. mussolaprismatica on

      Up north, 3 bedroom semi £135k now worth £196k. Bought at 22 with a partner on a 5% deposit. (2019) We were both on 22k at the time.

      Wages up north are similar unless you’re in London.

      If I lived down south same house would have absolutely no chance… probs be £200-£300k for same house!!!

    7. Jensablefur on

      You could buy flats in Edinburgh that are changing hands for £350-400K on a single full time Asda checkout cashier’s salary in the early 90s.

      But nah it’s too much Netflix, that’s the problem with people in their 20s/30s today…

    8. seph2o on

      We relocated up north. I’m surprised there’s not more of a mass exodus of young people moving to places like Greater Manchester/Lancs, or even perhaps Leeds. At least regarding the field I work in, the salaries are the same as the south except for London, which doesn’t make up for the increased cost of living anyway.

      We bought a 3 bed in a commuter village for 190k. We’re paying less for our mortgage than in rent for our old 2 bed flat down south. Everyone’s friendlier and the countryside is gorgeous. It’s been a massive success for us.

    9. benjani12463 on

      Even more sickening is me walking past an estate agent today and seeing a sticker on every house for sale that said “over 60? Get up to 60% off. ”

      Not o lying have these boomers walked through life getting well paid jobs with little education, cheap housing, and heap loans. Now they’re getting preferential pricing on houses? I know it’ll likely be tied to the banks keeping the house when they die or whatever, but it just rubs me the wrong way.

    10. undoneyet on

      I was a renter until I was 46 with a good degree, never expected to own a house.

      Then had an interest only mortgage because some clown invented self certification, still never expected to actually own it.

      3 years ago I managed to repay the capital because my mother died and left me 1/2 her estate, I was 63 years old that year.

      I never was under the illusion that I was owed a house and was very happy renting, until rents went silly. Then it seemed a no brainer to just repay interest and consider it a longterm rental agreement.

      Actually owning a house is a bonus now and it has come just as I am becoming incapable of the work I have relied upon for a living. This year I get to retire on the state pension that I have always paid into.

      So there is light at the end of the tunnel, try not to get bitter about your lot and seek people/agegroups to blame. There are always creative options open to you.

    11. -Drunken_Jedi- on

      Myself included, I don’t want anything fancy. A one or two bed house, hell even a goddamn flat. But NHS wages have been stagnant for years, even with minor increases they’re vastly below what they would’ve been if not for public pay freeze for years and years.

      I’m single, can’t afford a “starter home” earning what would’ve been the average salary a few years ago. Prices have just outstripped what I can pay on a mortgage even with 5x my salary.