To worry about 1/3 of people that will never own a home

[jnfrrss]

www.theguardian.com/money/2018/apr/17/one-in-three-uk-millennials-will-never-own-a-home-report

Isn't the housing benefit bill for all these people when they retire going to cripple the country?

Its a struggle for the young and only going to get worse i think unless something is done. Not sure what though. Grim times all round.

I really think that a perfect record of paying rent on time for 5 years should speak for itself. I don't bank on the government realising what needs to change in order to make home ownership accessible to my generation. They'll just keep piloting half arsed schemes while we're renting until we die.

Well the help to buy scheme is a total arseup.

My dhs cousin got help off the government to buy a new build in London worth 700 thousand pounds with her French boyfriend who’s parents are millionaires. She was even in the telegraph as an example of the scheme helping young professionals. She works in the city and really doesn’t need a hand up.

I couldn’t help but think if the flat was worth £70 thousand and her boyfriend was Polish not French there’d have been hell on.

Everything is just about making money, which is shit
What alternative would you suggest when you're talking about owning property, PinkCrystal?
What system can you envisage that allows people to buy property whether they can afford it or not?!

Most young people who really aspire to become a home owner could achieve that dream. Not everyone has to consider being a home owner as a goal though.

I do sometimes wonder about some young people though. I have family members in their early/mid 20, who left school after GCSEs, manage to find work and earn not a fortune but over the minimum wage. They still live with their parents paying rent, encouraged by the parents has they used to be reliant on tax credits. They are showing no intention to move let alone buy a house. They have no savings, instead, their monthly wage go on a loan for a brand new car and expensive insurance (even though both walk to work), 2 or 3 holiday abroad a year, nice clothes, going out etc...

Nothing wrong with opting for this lifestyle, but if one day they come and moan in a few years that they are struggling to get on the property ladder, I will have little sympathy as if they'd chosen to forfeit the luxuries, they would definitely be in a position to have a deposit. I get the feeling that they don't want to think of the future and only care to enjoy life in the present.

"Also they may have to suck it up and stay at home for longer than they would like .

Well that only works if you have a home to stay in.
My mother threw me out when I was 15, where am I supposed to live to save up rent?"

Also only works if your parents were able to afford a home large enough to house multiple adults.

The kids of the current generation rent are going to be fucked. Sharing bedrooms with siblings in small flats until they're 30.

If you started working at 15, you had more than 15 years to save to then get a mortgage. The first property doesn't have to be large either, even a studio flat gets you on the ladder.

It really does come down to how much you really want it. You don't have to really want it.

Who starts work at 15

My DD did, albeit PT. Before studies were compulsory until 18, many kids started to work FT at 16.

Someone who claims to have been living independently since15?

I never claimed to be living independently. I lived with relatives until I was 16 then I was on income support until I was 18.

Sorry, Teacup, I was referring to SaucyJack

? Don't look at me.

I don't think assisted suicide is the answer to my home ownership issues tbh

LOL