Message from @notaglobe
Discord ID: 664599922632556565
Yes, I talk with my father in law about this
It sucks that that happened
But they drew lucky in the end
Imagine buying a home in 1975 at a rate of 5% or whatever then, a few years later it's 10% .. more people buy and a few years later it was 19%
Good for them
I'm not against the older gen wacka
I get it
We each face our own shit
Good? That was terrible
I typed that before you sent
It was continuation of the previous
And for all they knew.. their 300 a month mortgage that became 600... Could be 1200 in a few years
Lot of people went bankrupt
Yes, but right now our mortgages are that, and people are on around the same amount of money in general
I get wacka
The situation hasn't improved substantially
I'm in a lucky position where I'm earning substantial money
What I'm saying is... In 20yrs... People will be saying, man you had it so good in 2020
But I still dont trust the market
I'm sure they will, if the situation improves
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