Message from @wacka
Discord ID: 664601047645552680
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
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
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*
Shepperton
Surrey
how much have you made on it so far?