Teenage reality hitting home

[Globules]

My teenagers will be voting their first GE.

We had a chat last night about it, and the conclusion they've come to is that their age group is screwed.

Uni loans, house prices, single life.

DS actually held his head in his hands recognising that his £30k house deposit is pointless until his salary is at a ridiculously high level to service a mortgage.

DD pointed out all of the parties are being silent on policies around their age group.

Whilst they have every right to feel negative about it all, they're optimistic beans. I was listening to them talking and feeling so despondent that life ahead looks so tough for them.

I was married aged 22. Bought our first house aged 24 on just my basic teacher salary (he was self employed, so he was a dependent). They just don't have the same outlook, do they?

I really feel for our under 25s. Just me?

It’s not just young people. I know people in their 40s with no hope of home ownership. And it’s not just minimum wage earners, I don’t see any political party representing ordinary workers. Conservatives seem to only care about the top 10%, Labour is obsessed with public sector workers - less than 18% of the working population. What about the rest of us? I’m fairly centrist and neither party appeals. And before anyone mentions Lib Dem’s I’m not even sure who their leader is…

It is. I am appalled at what has been done to our children in what is a wealthy European country - I cannot understand it other than billions are being siphoned off or a decision has been made to strip all social benefits (and I don't mean welfare) to the bone. Never seen anything like it.

This is what collapse looks like. It is not sudden. It does not look like an emergency. There is no panic. Things become slightly harder, more expensive, and unreachable over time until things slowly give way, people give up, and things are forever changed.

I think this is a little too pessimistic. He won’t be on 18k forever, or presumably for terribly long. Most people buy with a partner with a second income. The average age of first time purchase has been over 30 for at least 20 years.

I doubt he saved it himself, although the op won't answer so well never know..

My 23yo had started to save towards a deposit. Did a mortgage check to see how much she could borrow on her £24k salary (NHS full time) and she could get about £70k. What does that buy these days?

Instead she has gone travelling and will probably need to live with me indefinitely because private rentals are £800 a.month for studio/1 beds here and unaffordable. She could live in shared bur what is the benefit to her? She pays more to still not have more than a bedroom to herself.

The benefit is independence @Tumbleweed101

Not all 'older' people are to blame for the ills in society, but it is so easy to casually lump them into one group isnt it? you cannot generalise and say that older people are doing nothing for the young, this is absolute nonsense.

Some houses are 15x average income.
The OP's son could buy right now if he really wanted to (though I'd suggest he waits until next year when the rates go down); he'd just have to leave whatever southern suburb he's currently occupying.

Also, Brexit stops you from leaving the country? Come on now.

Nor mine. Hence I said "many" areas but not all.

I'd have to move 20 miles away to find something for £110k! But then again, this exactly what my SIL did to buy a property.

DD 20 has just announced she’s not voting. Her first chance to vote. So angry but not showing it so venting here.

I’ve given her a kick up the backside and she came and voted .