Originally Posted by Lee Reynolds
House prices? They were underpriced to start with and have done a major catch up. Young people moaning they cant afford them...its cause they havent saved up for a good deposit...they have 'lived for today' as they say and pissed thier money up the wall
(*some) Most people around my parents age say it was just the same when they were young...very hard to get on ladder...
Don't agree with this statement. Yes it's always been hard to get on the property ladder, but now it's almost impossible. Property prices have gone up massively in the last few years, far more than wages and interest rates.
My sister and her now husband were advised 5 years ago to get on the property ladder quick (they were intending on renting for a couple more years and getting married first) so they bought an ex-council house in a shitty area for £89000. They've just sold it now for £150000. Takes the fucking piss.
It's all to do with supply and demand, there's too many people wanting cheaper housing and forcing the prices up.
Hundreds of thousands of immigrants spring to mind......
