My apologies, I didn’t mean to insinuate that you held this attitude. I initially raised the housing issue in response to the view that millennials feel self-entitled or are too lazy to put in the work it requires to afford things like houses, instead preferring to spend their money on smart...
It may have always been difficult, I don’t doubt that, but as I’ve pointed out, the annual income to house price ratio has risen exponentially as has the cost of deposits. People’s individual experiences may vary (my father in law bought his first house with the £100 deposit he got for selling...
I don’t doubt that you’ve worked for it, not at all, but I think it has to be acknowledged that, generally speaking, millennials have it very difficult financially. I see a lot of frustration, and maybe that’s comes across as entitlement, all I know is that I’m only lucky that I can afford a...
So, the house prices were 3 - 6 times a yearly salary, depending on where you lived in the country. My house in Brum cost roughly £175,000 which is 8x my yearly wage. A quick scan on right move and similar sized properties are going for around £400,000 in Burgess Hill (my home town) which is...
Except it is true ??? Back in 1969, the average first home cost £4,000 (according to data from the Office for National Statistics) and you would typically have been able to buy it at the age of 25 on low skilled income. Now just 8% of 25-year-olds make it on to the property ladder. The average...
Urgh the millennial bashing is just a lazy way to avoid looking at the wider issues. It’s easy to sit there and say this generation is ‘entitled’ when your generation could probably afford to buy a house on an unskilled wage at 21. This ‘entitled’ generation will be the first generation to be...