However, I dont think were going to see negative interest rates

You could buy a house for only 300k!!! That's only a years wages!

So I'm not sure where our benefit will come from

My salary is 75k

But that is a lot for this time

Not in 20yrs it won't be

Yes, but its greater than 3x my salary

In 20 years I'm sure I will earn more based on inflation

And in 1975 the average wage was what... 15k?

And average properties like 40k?

I thought a min ago you just said 20k

Council property was 3k then I believe

Correct me if I am wrong

I'm sure you could buy a home for 20k

And right to buy didn't come in til Thatcher

My apologies my years are all fucked up

Also council properties on right to buy were heavily discounted

The argument I'm making is purely that the times are different, and I'm sure it will be worse for future generations too

The flat I'm in was bought of the council in 1984 for 23k with a value at 50k

I'm already shocked when someone tells me they bought a property

It's written on my lease

I'm sure it was

I have no doubt

All I'm saying is that the housing is getting further away from being affordable for a lot of people

I live on my own, bought a flat in 2016 with an average salary

Congrats dude, I'm happy for you

you wouldnt do that where i live

Sure as shitncouldnt here either

Just needed to save a long time for the deposit

owning a house is a lottery or massive pay rise from a promotion i will never get

This area average cost is 500k

300k for this 2bed flat

Minimum*

@wacka where abouts?

Shepperton

Surrey

how much have you made on it so far?

What deposit did you put down?

Value is probably about the same roughly

Big deposit... Some loaned from mum

But I had been saving for years