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13,953 Views • Jun 29, 2024 • Click to toggle off description
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Uploaded At Jun 29, 2024 ^^


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47 Comments

Top Comments of this video!! :3

@ben8878

7 months ago

This pisses me off !!! Young people now are so screwed.

31 |

@tomward5293

7 months ago

Interesting comments here. It seems, if my calculations are correct, that adjusting for inflation £1000 in 1970 is £13,000 in 2024. It checks out that it took her a year's salary to pay for, as the average unskilled job paid around £900 annually.

I think the biggest factor here is something probably not mentioned by the couple. To be able to save a whole salary for a year means you're probably not paying rent, the man said he was a student as well, so it's likely they were living with parents.

This gives a massive advantage which is still true today - alongside inheritance.

1 |

@RedRosearethebest

7 months ago

Just goes to show the price increase is astronomical a down payment now around 30-40k and final price of around 300k unfortunately this generation doesn’t appreciate how hard shit really is I know they sacrificed but for our to be equivalent we would have to be homeless for years saving every scrap to stand a decent chance

13 |

@1986Pravman

7 months ago

Inflation isnt the issue.

The avg house price in 1970 was £4690
That's 4 times the avg wage which was £1204

Today the avg salary is £29,669 and the average house price is now £282,000

That almost 10 times. Not an opinion. Its just counting.

2 |

@user-zn5td2cp1u

7 months ago

These people lived life on easy mode, they're completely unqualified to offer advice to current first time buyers.

2 |

@leekirby9091

7 months ago

I bought a 2 bed terrace for 90k in 2017. My older neighbours bought theirs for 4k in the 60s, wild thing is they haggled him down from 6k!

3 |

@corid1897

7 months ago

My cousin has 50,000 deposit and is on her own and can't get onto the housing ladder. There is no comparison even with inflation. Young people (and people in their 30s are absolutely screwed) and older people are still talking to us like it's achievable. There is a generational disconnect.

3 |

@ma001eb

7 months ago

Just amazing to hear how ignorant people genuinely are of the cost of housing crisis in the UK. With advice offered like, don’t buy coffees in the morning before work or move to a cheaper location it’s crazy!

2 |

@user-zn5td2cp1u

7 months ago

Average house prices were 3-4 times the median wage when these people bought a house. They also got a free university education.


Average house prices are now 10x the median wage or higher and students have 30k debt.

Anyone talking about it being the same when adjusted for inflation is lying to you.

2 |

@Dustin-eh5go

7 months ago

Advice for first time buyers is to try to buy while you are young, and not be born later than 1955

2 |

@WujiErTaiji

7 months ago

Assuming this was around 50 years ago this would be 7500 pounds today. So at least a quarter of a down payment today. But it's still basically impossible to save 30k in four years for most people with the money they earn without sacrificing a lot.

2 |

@harryfieldsend1450

7 months ago

3 bed semi‽ I couldn’t get a 2 bed terraced unless it was in knifey-stabville. I managed to get a 2 bed flat in the centre of town but if my parents hadn’t helped it probably would have taken another 6 months or year and I’m 31.

1 |

@TonyEgg93

7 months ago

"Do you have any advice for first time buyers?".

"Ooh, emm, be born 60 years ago".

1 |

@CanKicker68

7 months ago

That generation won the property lottery.
Along with everything else.

1 |

@johnc5480

7 months ago

3 bed, good FTB.. yeah right..
Cause we got 280- 380k to lay down on that overlooked, gardenless, piece of 💩.
Go to a more affordable country not street

2 |

@freddieellis8449

7 months ago

A three bedroom semi in a lower cost area? That’s a tough one….

|

@kamilrouibah6083

7 months ago

Imagine now being able to put down a deposit for a house working a normal job at 22 after just one year. Times have 10xed now in difficulty. Saying this as a working 25 year old living in London making 30k living at home.

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@marcbaigrie2295

7 months ago

Cut out your Costa lattes and give the Aldi middle isle a break for a couple of months and you’ll be in a 4 bed in no time.

2 |

@WAKEUPWORLD___

7 months ago

No offence to this older generation, but there’s nothing they can tell the younger generations about buying property. A year to save up a 1k deposit off one income. Today it’ll take a couple 5-7 years to save up the deposit for the house in the “cheaper” areas. This is from my perspective of the Australian housing market but I’m sure it’s not much better in the UK

|

@jaynottellin

7 months ago

Yeah so wtf is my generation supposed to do. I could work 24/7 for 10 years doing security and still wouldn’t be able to afford a flat let alone a house. Sickening

1 |

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