Quote from: Milltown Row2 on December 29, 2023, 06:50:24 PMSo is getting a house going to be impossible without help?
Mortgages will be over 35 years nowadays rather than the traditional 25..
If they want a house they'll have to do it the same way I did, you save. You get a house when you can afford it.
People rushing out and living out of the house before they are married makes it difficult, staying at home allows young ones to save while not having big outgoings
My eldest daughter has found that when she has to pay her own rent that it stings!
She'll be back after this current rental is up, get a normal job and start saving!
The bank of mum and dad has to stop at some point.
I'm plotting my retirement now, head down, work hard and save!
Years ago you didn't need a deposit and the average multiple of earnings needed for a mortgage now compared to 30 years ago aren't even close, along with debt such as credit cards and car repayments that just didn't exist two generations ago