sonson
Striker
The ones I know? Most of us have had the same phone for about 4 years and it costs about 20 quid a month. Nobody has Sky, its pointless. Maybe one takeaway coffee a week. Make our own lunch or heat a tin of soup for 50p.So most Millenials don't have the latest phone,
they don't have takeaways and nights out and they don't buy takeaway coffees, they don't have a foreign holiday or Sky TV
You haven't been able to have a night out for about 2 years, if you hadn't noticed, but even before Covid millenials were going out way less than was the case in the 90's and early 00's. Ditto holidays.
When you're paying over half your month's salary to rent somewhere, you have to scrimp elsewhere.
Piece of piss if living at home with parents.
Trouble is these days most of tje youngsters want all the luxuries etc and still think they can afford house deposits etc
My friend saved up 20k for a deposit which just about got her into a 95% mortgage three years ago round Edinburgh (wouldn't now). Every time she found somewhere within her means, someone with a portfolio came in and just bid 15-20k over the asking price.This.
Especially if you’re renting somewhere. Which if you’re in your 30’s you’re going to be.
I know a lass who has managed to put in the hard yards. Has about 15k saved up, took her 8 years, majority of that she’ll have been on minimum wage. Bank has just declined her for a mortgage based on affordability.
This is despite the fact the mortgage repayments would be about 90 quid a month less than the rents she’s been paying for the better part of a decade.
f***ing shit crack whenever I see anyone come out with the ‘stop buying coffees and takeaways’ line.
My parents bought the house I grew up in in 1989 for 35k. 3 bed terrace. It’s now worth 3 times that. My dad won the deposit playing blackjack in the casino and walked into an estate agents the next day with it.
30 years ago it was a different world
Bottom line is people who bought houses in the 70s-90's, had the same conditions been in play as now, most folk wouldn't have managed it then either
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