Im GenX, and Ill say it. You are all moaning gits, too stupid to get out for your own way because the upvotes from saying “popular thing” are just too good. Every comment I read, goes into this issue like they want to buy a forever home right off the bat in the fancy part of town. Its no wonder people cant afford anything with that mentality.
In 2003, I bought a 25% share of a single bedroom flat in the shitty part of town. It was 8k. I was earning around £4.50 an hour, before tax and national insurance. This was me getting on the ladder. As the cost of housing increased, so did my investment, and I kept on saving. So ten years later, I was able to sell and get into a bigger house in a less shit part of town. Another 10 years later, same thing, only now Im in a pretty OK part of town in a 3 bedroom detached, and it all it took was not being a fucking idiot with my money. And before you accuse me of being rich, I have never once earned more than 30k a year.
So what are people pissing their money away on that I didnt? Well, I cant speak to avocado toast, but I can point to cigarettes and drinking as some of the main reasons why I own a home and no one else I grew up with does.
The Average smoker smokes 10 a day, thats 1 20 deck very 2 days. The average cost of a 20 deck is around 15 quid. So on cigarettes along, thats already 225 quid a month. The average person in the UK has at least one night out a week. The average night out costs around 60 quid. Thats 240 quid. Thats a total of 465 quid per month on just smoking and drinking. Or 5,580 quid a year. Over 10 years thats 55,800 quid. And if you are telling me, that THAT is not enough to get a deposit for a house? Im sorry, Im calling bullshit.
Things might not be as easy as they once were, and yes the prices are stupid, and yes landlords are cunts, but people keep on talking like they have no options. The average wage of a full time worker in the UK is 37k a year. There is zero reason that a person making that much cant save as I have outlined here, and get themselves a deposit for a mortgage that will allow them to be able to afford somewhere to live. But if you want to live in a major city… well, thats a YOU problem. Theres plenty of housing around cities with minimal travel times that are inside values Ive outlined here. A lot of people need to get out of their own way, and stop making excuses. If you want to be able to afford a house, you have to make some sacrifices.
First your not even on topic here for this thread for this comment. Typical.
I want you to do a little mental exercise, put a pin on the shit you just said and translate all your life efforts to today’s economic situation. Example.
Your 8k in 2003 was about 14k in today’s market. That 8k was %25 of the total amount so your first buying the flat cost around $56,000 (2003) , $98,601(2025).
I want you to find a flat, house whatever that is Liviable for that price. 100k. Easy peasy right? I won’t even try to explain to you the current pay differences cause you likely wouldn’t listen anyways.
From a genX that just hit the 50s and is technically now part of this boomer group,
Your 8k in 2003 was about 14k in today’s market. That 8k was %25 of the total amount so your first buying the flat cost around $56,000 (2003) , $98,601(2025).
£s not $s
I want you to find a flat, house whatever that is Liviable for that price. 100k. Easy peasy right?
Im GenX, and Ill say it. You are all moaning gits, too stupid to get out for your own way because the upvotes from saying “popular thing” are just too good. Every comment I read, goes into this issue like they want to buy a forever home right off the bat in the fancy part of town. Its no wonder people cant afford anything with that mentality.
In 2003, I bought a 25% share of a single bedroom flat in the shitty part of town. It was 8k. I was earning around £4.50 an hour, before tax and national insurance. This was me getting on the ladder. As the cost of housing increased, so did my investment, and I kept on saving. So ten years later, I was able to sell and get into a bigger house in a less shit part of town. Another 10 years later, same thing, only now Im in a pretty OK part of town in a 3 bedroom detached, and it all it took was not being a fucking idiot with my money. And before you accuse me of being rich, I have never once earned more than 30k a year.
So what are people pissing their money away on that I didnt? Well, I cant speak to avocado toast, but I can point to cigarettes and drinking as some of the main reasons why I own a home and no one else I grew up with does.
The Average smoker smokes 10 a day, thats 1 20 deck very 2 days. The average cost of a 20 deck is around 15 quid. So on cigarettes along, thats already 225 quid a month. The average person in the UK has at least one night out a week. The average night out costs around 60 quid. Thats 240 quid. Thats a total of 465 quid per month on just smoking and drinking. Or 5,580 quid a year. Over 10 years thats 55,800 quid. And if you are telling me, that THAT is not enough to get a deposit for a house? Im sorry, Im calling bullshit.
Things might not be as easy as they once were, and yes the prices are stupid, and yes landlords are cunts, but people keep on talking like they have no options. The average wage of a full time worker in the UK is 37k a year. There is zero reason that a person making that much cant save as I have outlined here, and get themselves a deposit for a mortgage that will allow them to be able to afford somewhere to live. But if you want to live in a major city… well, thats a YOU problem. Theres plenty of housing around cities with minimal travel times that are inside values Ive outlined here. A lot of people need to get out of their own way, and stop making excuses. If you want to be able to afford a house, you have to make some sacrifices.
What the fuck are you on about?
First your not even on topic here for this thread for this comment. Typical.
I want you to do a little mental exercise, put a pin on the shit you just said and translate all your life efforts to today’s economic situation. Example.
Your 8k in 2003 was about 14k in today’s market. That 8k was %25 of the total amount so your first buying the flat cost around $56,000 (2003) , $98,601(2025).
I want you to find a flat, house whatever that is Liviable for that price. 100k. Easy peasy right? I won’t even try to explain to you the current pay differences cause you likely wouldn’t listen anyways.
From a genX that just hit the 50s and is technically now part of this boomer group,
Ok Boomer.
£s not $s
https://www.rightmove.co.uk/properties/168213995#%2Ffloorplan%3FactivePlan=1&channel=RES_BUY
Done. A 2 bedroom terrace 20 minutes from a major city.
Oh, and minium wage for me at the time £4.50(around £9.10 in 2025), like I said. Its now £12.21.
Is there anything else I can do for you? Perhaps, I can cut up your meat into nice little chewable squares for you??
Conversion rate doesn’t give a fuck what symbol is in front of the number.
You’re missing 2 bedrooms. Stay in the same story. Your story. Or did you shack up with your flatmates?
Now explain to me how wages has inflated commensurately with housing prices. Go on try.
By the way I’m proud of you for staying on topic.
Good job.
Keep your shity boiled meat. I’ll keep eating my flavorful bbq’d beef.