Both my dc bought their own houses at 23 AMA

[joezoealfiecasperoli]

I hear a lot about this generation not getting on the property ladder and it is a big problem. I was amazed when both dc finished uni, got jobs and bought houses within 2 years of graduating.
To avoid drip feed
Yes they are mortgaged
They both bought with partners

Not Mine

Facts are true and cannot be argued with
because
they can be proven and are supported by evidence, while opinions vary according to the attitudes of the writer.

My list upthread are facts ( as requested by a pp) they are not opinions

You see now that’s your opinion and not a fact.
There's a difference
because
there hasn’t been a survey on that

actually that question would make a good AIBU thread on here

I disagree with your last sentence. I live in a tiny country. Couldn't give a flying one about "global powers". WTF?

The fact that you have reduced the whole of Yorkshire to the "Moors" and the whole of Scotland to the "Highlands", highlights a very narrow view of, not only the world, but the Union you live in.

And, I am sorry to say, shows your main thing is money. Which is completely up to you!

I don't think you are looking at it in the way I meant.

Nobody is saying x is better than y, and nobody is saying you need to care or desire to live near or in a major global city.

But surely you can accept that there will always be a premium to Live in London, New York, Paris etc. NOBODY is saying because it's better - but because there always has been and always will be a premium to live in these cities.

Agree
its just a matter of fact
I’m not aware of any countries that aren’t like this

This from Home Overseas, Savills, Mercer etc

‘ there is a massive premium. Living near a global power or financial centre (such as New York, London, Hong Kong, or Singapore) consistently commands the highest real estate and living costs in the world due to scarce space, high-income job concentration, and intense demand from wealthy global investors. 1, 2, 3, 4]
The Global Premium Breakdown
Property Costs: Prime residential real estate in alpha cities comes at an exorbitant premium. For example, prime property averages over $20,000 to $25,000 per square metre in top global hubs, with Hong Kong topping the ultra-exclusive international property markets. 1, 2]
The Expat/Worker Experience: Surveys (like those by Mercer Cost of Living) consistently rank these cities as the most expensive in the world. Daily expenses, transport, and leisure—while accompanied by a higher standard of living—often stretch disposable household income. 1, 2]
A "Wait and See" Market: Rather than buying, many individuals are renting, as the intense capital costs drive a booming rental market within these urban power centres. 1, 2]’

No, I’m sorry, I don’t. I actually feel sorry for those who do.

I wouldn't feel sorry for them, I presume they are making the choice to live there.

I personally wouldn't want to live in central London, New York, Hong Kong etc - but I understand the world enough to know there will be a premium to live there.

That’s where we differ. I actually think it’s a negative because you can actually be happy anywhere. And, I think people who need to live like this are more to be pitied than scolded.

Think we need to agree to differ?

No I am sorry I wouldn't judge anybody for living anywhere.

In life you have to live in a place that best suits you. For some people that might be remoteness in the middle of nowhere and for others it might be in the middle of a busy city.

I don't think there is a wrong answer, and would respect people's choices without judgement.

That’s the bit I find hard. Because you have described two extremes. There are plenty of places in the middle.

There are - and the middle is probably where most people live.

I just don't understand why you can't accept some people might enjoy and want to live in a major city!

Anyone can live wherever they like clearly. But I think what has irked me about this thread is (a) the initial rudeness about some of the regions of the UK, (b) the simultaneous bleating about how hard is is to get on the property ladder in the SE/London while at the same time refusing to consider the possibility of living anywhere else. Not EVERYONE living in the SE commutes to London surely) and (c) the assumption that everyone who lives ouside of the SE is somehow missing out.

It terms of our own mental health it’s exactly the conclusion made by
‘Understanding Society’ who carried out a major survey in this area of study

‘ Mental health: how living in the city and country compare
20 March 2023
survey of 10,000 U.K. households ‘

and here’s the fairly obvious conclusion
‘Where we live is clearly very important when it comes to our mental health. But the place that works best for your mental health will depend largely on broader social and economic factors as well as which aspects of your lifestyle are most important to you.’

Exactly, where I wanted to live at 23 is not where I want to live now at 41!

And I suspect that may change again when I am 61!

No idea why I got a post deleted.

100% agree. And that no one outside London/ South East can have a good job.

A consultant in Newcastle earns the same and a consultant in the SE but will have a considerably better lifestyle in the slummy north 🙄 becauset NHS wages are banded regardless of where in the country you are.

Same goes for solictors, accountants etc, yes on paper you might get £65k up north rather than £100k in London but if your mortgage is £1000 rather than 3 … whos the actual winner 😜

OP’s children live in a commutable distance to Sheffield which houses national firms

.

If course it is! It as if we never go to the theatre. I’m never away from it.
But Glasgow and Edinburgh have zero to offer apparently 🤣

but it clearly isn't, is it, if you can't do something that people living elsewhere can do? Or at least there isn't enough money to make it worthwhile.

what's actually the point of earning 50% more than you would living in a cheaper area, if an equivalent standard of living costs 100% more?

You really haven't read my posts.

I mean factually it is where the money is.

There is literally no arguing that.

I really have. If you're referring to your comment that you like getting out of the south-east to your holiday home, that doesn't change the fact that some of us don't agree that the so-called pluses you cited to living in the south-east are worth the ridiculous property prices.

And as far as it being 'where the money is', I doubt that's a consolation to anyone having to live on NMW in that part of the country, including having ridiculous mortgages/rents to keep on top of, sometimes for the so-called privilege of living in unsuitable accommodation because anything else is out of their reach, and potentially never getting a foot on the property ladder at all. I'm talking about people who can't even dream about affording a holiday home, btw.

Your views on this appear to be so blinkered you can't even see it yourself.

But that's really not what I am saying.

I have said multiple times I don't think the SE and London is the "better" place to live. The "better" place to live is the place that works for you. Who am I to say London is better than Lincoln, Windsor is better than Wigan, etc etc.

All I am saying is there has been and will always be a premium to live near one of the world's major cities. This is not exclusive to London - it's almost everywhere in the world.

That's literally all I am saying, I don't think there is any great shock that London, New York, Hong Kong etc are among the most valuable square footage in the world.

It doesn't mean that anybody should say those places are better, but it's quite obvious there will always be a cost.