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AIBU?

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To think that parents "helping out" their kids to buy property, just keeps house prices high?

128 replies

00100001 · 11/08/2020 10:52

So, a LOT of parents help their kids buy houses these days, as property is expensive.

But surely it's only expensive because people keep buying it at that price?

If these young adults can't afford a £30k deposit, they couldn't buy the houses, and prices might fall because of it?

Or not.

But still, it must be compounding the issue?

And also, maybe, people's expectations are 'too high'? Why would (say) a single 24yo need a 2 bed semi, when maybe a cheaper 1 bed flat would do? Maybe that's a different discussion though?

OP posts:
Pepperwort · 12/08/2020 03:08

@MNnicknameforCVthreads, @1Morewineplease. I do not agree with blaming women for increased house prices, although I'm well aware that many do. I think that that is one of the excuses circulating to try to push women back out of a generally restricting employment market, as was done in post-War times, to the benefit of men. Why not ask the men to stay at home after they have the children? Why not go back to the ideal of both partners working equitably in part-time roles? Always the response is to push the women out in Britain and blame them for everything that goes wrong.

Empirically, it was not the 80s, when women apparently declared that they needed to work post kids, that the worst increases happened ( In my part of the world women always worked post-kids anyway, if only in part-time roles, of which there were many more around). In fact there was a big collapse round about the end of the 80s / early 90s. The big increases, where house prices doubled, trebled and quadrupled in the space of about 5 years occurred round about 2000 - at the same time as immigration suddenly increased, and buy-to-let suddenly increased. Second homes became more common too. The first two had the major and direct impact of increasing demand against supply, and it is that that drives the market.

vangoghing · 12/08/2020 03:32

@IlanaWexler yes and what? My parents and DHs parents gave us money towards a deposit for a house - without them we'd never have been able to afford it with rent nearly £900 a month for a room in a houseshare. My mum is very much of the opinion "there's nae pockets in my shroud"

vangoghing · 12/08/2020 03:34

@lurker101 this!!! Our rent for a double bedroom in a house share is £900 with almost no room for saving - to put it into context my friends from home (in glasgow) pay just over £300 a month for their mortgage on a 4 bed house

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