Strong economy, I disagree.

Del Lardo · 07-05-2007, 14:45

I remember reading an article in The Times a few years back which went into quite a lot of detail of how my generation will be the first one in many generations to be worse off than their parents.

Thinking back to when I left school I never thought at the age of 26 I'd be earning enough to be coughing up 40% tax but equally so I never thought that getting on the housing market would be so difficult. I freely admit that this isn't just down to the cost but also due to me wanting to run a sports car and prefering to rent in a nice area to buying in a **** area. Despite this the fact that my first properly that I hope to buy in a years time will be close on £180k for a similar flat to one my mate bought back in 1999 for £80k and that I find really hard to stomach. It seems that increasingly in the UK there are people who are well on the property ladder (and I freely admit that many of them will have worked very hard to stay on it) who as a result are in the position to start buying 2nd and 3rd homes to rent out. This puts first time buyers such as myself in an increasingly difficult situation as we are forced to fork out more and more money to keep up with people who are in a more financially stable situation.

07-05-2007, 14:45	#11
Del Lardo Absinthe Join Date: Jan 2007 Location: Cambridge Posts: 2,539	I remember reading an article in The Times a few years back which went into quite a lot of detail of how my generation will be the first one in many generations to be worse off than their parents. Thinking back to when I left school I never thought at the age of 26 I'd be earning enough to be coughing up 40% tax but equally so I never thought that getting on the housing market would be so difficult. I freely admit that this isn't just down to the cost but also due to me wanting to run a sports car and prefering to rent in a nice area to buying in a **** area. Despite this the fact that my first properly that I hope to buy in a years time will be close on £180k for a similar flat to one my mate bought back in 1999 for £80k and that I find really hard to stomach. It seems that increasingly in the UK there are people who are well on the property ladder (and I freely admit that many of them will have worked very hard to stay on it) who as a result are in the position to start buying 2nd and 3rd homes to rent out. This puts first time buyers such as myself in an increasingly difficult situation as we are forced to fork out more and more money to keep up with people who are in a more financially stable situation.