How much for house deposit in 20 years time. ?

[Boohoo123456]

trying to plan for future and terrified with the way things are looking that my kids (age 11 and 1) will not be able to get a property.

how much do you think we will need to either save or release equity to be able to help them with a deposit? What is realistic? Atm it’s looking like young people will need a min of 130k for a down payment.

what’s everyone else’s plan?

im so afraid of where the future is headed. From what I’ve read, buying property will only be for the extremely wealthy and I want to help whilst I can…

Thank in advance

The birth date is

My understanding was that with falling birth rates, property value will fall with the falling demand.

I don’t think people will buy in the future, I think it will move towards renting, like Europe.

How long is a piece of string?

So many factors to consider - we don’t know what will happen to the housing market in the next 20 years.

My working assumption is that when I finish paying off my mortgage, I will probably downsize to give a sizeable deposit to my DC.

I have no idea how much that might be.

I agree the whole thing is a bit concerning though.

The short answer is, I don't know. In terms of what we are doing, we save what we can which is £75 per month per child into a Stocks and Shares ISA. They don't know about it and it's in my name but it's specifically aimed to help them with house deposits as we live in South East England where house prices are very expensive.

When I purchased my first house, my parents gave me 50% of the deposit to help me get my foot on the ladder. The mortgage payments were the same as my rent so I knew I could afford them but was really struggling to raise the amount needed for an initial deposit. I'll forever be grateful to them for helping me with that first step.

I don't imagine that the amount we are saving will fully cover a deposit for each of them but we are lucky to have extra that we can put aside for them, so I think anything you can do is great. Lots of young people won't have that sort of help.

The population isn’t decreasing though, it’s increasing.

It’s a good q re: who exactly will buy the family homes owned by current retirees, given so many are wildly expensive vs actual wages.

Preusmably some people will inherit a lot. And with less people having children - some children might start inheriting quite a lot…!

This is a 'how long is a piece of string' question, but I'd also like to know the answer...

Pil gave us a decent contribution towards the deposit towards our first house, we had savings but it just wasn't enough to buy anywhere near the area we lived in and wanted to stay in. We were very grateful! The same amount (~£20k) wouldn't cut it on its own now, let alone in 20yrs!