Young people and sensible boring saloons

[xjay1337]

C70R said:

Or, you know, they could work a bit harder, or wait until they are earning more. Home ownership isn't some sort of birthright...

Sorry, I missed this comment.

You really are a thunder .

[Devil2575]

xjay1337 said:

C70R said:

Or, you know, they could work a bit harder, or wait until they are earning more. Home ownership isn't some sort of birthright...

Sorry, I missed this comment.

You really are a thunder ****.

I'm with you there. Plenty of people work very hard for not that much money.

I'm firmly of the opinion that anyone in full time employment should be able to buy a house. I really don't like the concept of houses being an investment at all.

[ffhard]

OK, in just so many ways I'm a special case! Yes I could afford a new car, yes as I have a motor trade insurance (which is hellishly expensive!) the insurance doesn't vary no matter what I have, as long as it isn't worth more than 125,000. Which is looking pretty unlikely at the moment! But, yes, if I wanted to spend £50,000 on a car I could do that.

And yet...

I drive (as my personal car!) a 1998 Alfa Romeo 156 2.5 V6. And I love it. I used to run Lancia Thema turbos but just got sick of the welding and lack of parts. And, please, no jokes about welding on the Alfa. I've done it and it will last!

So, if I chose to lash out one hell of a lot of my disposable income what could I buy that would be a 4 seater as fast and as characterful as my Alfa. The best I can come up with (given that I'm too old for hot hatches) would be something along the lines of a Bentley Continental GT. Oh, I know a lot quicker but a LOT costlier!

As trade I drive a LOT of different cars and honestly would I trade, say, an Astra VXR for my own? Nope. And yet the paintwork is scabby so it's probably worth about £800. Does not matter one single jot to me!

[DegsyE39]

Devil2575 said:

xjay1337 said:

C70R said:

Or, you know, they could work a bit harder, or wait until they are earning more. Home ownership isn't some sort of birthright...

Sorry, I missed this comment.

You really are a thunder ****.

I'm with you there. Plenty of people work very hard for not that much money.

I'm firmly of the opinion that anyone in full time employment should be able to buy a house. I really don't like the concept of houses being an investment at all.

+1

[Blakewater]

Take a look at this as an example of new property in London. Not even in central London.

A one bedroom flat is £360,000, something you might be able to start a family in is over three quarters of a million and the advertising is targeted at buy to let investors who push up house values by taking all the property for sale out of the market.

http://www.rightmove.co.uk/developer/branch/LQ---I...

[Ilovejapcrap]

hondansx said:

There has been a huge soar in us becoming a materialistic society. I'm really glad i'm not a kid today, because there is the illusion that everyone has money. Everywhere you look, success is defined by money and materialistic things.

Hot hatches are no longer popular because the facilitation of consumerism has been supported by easy access to finance. Why drive a crappy Ford when you can be like <insert a celebrity> who drives around in their shiny white BMW or Mercedes?

Of course, we know a white 118d with cloth interior is some way from an M6 Cabrio, but it's the badge and colour that counts to the vast majority.

Agree

[IanCormac]

xjay1337 said:

Sorry, I missed this comment.

You really are a thunder .

You're throwing a bit of a tantrum because it's been suggested that saving is easier if you don't spend money on stuff like meals out and most importantly your car, if you want to buy. Everyone I know that owns a house didn't finance a car when saving, they had an old paid for cheaper car instead and saved up. It is tough but believe it or not people do cut their cloth and stop going out etc and stop spunking money on unnecessary stuff. Financed cars arent necessary.

Anyway op when I was younger i had a 1.4 escort but I wanted the fastest car possible for the least amount of money. I bought a 540i and it was powerful but very thirsty. I would still like something quick but my money goes into improving my house. I'll have a Porsche at some point though.

Edited by IanCormac on Tuesday 25th October 07:15

[xjay1337]

I'm not throwing a tantrum at all.
C70Rs comment about working harder was ridiculous, he has absolutely no idea whag it is like for young people these days.

Most graduate positions are poorly paid and for several years you will be scraping the barrel. But hey, all worth it.

[xjay1337]

For the last time

I'm not complaining about my personal situation!!!! Can we stop bringing up my car, that has nothing to do with it.
As you can see from my example above, on a normal 18-25 year olds Salary you can't buy jack st if you already rent or lodge. But at the same time you can't live at home because that means you are a failure!

Also I've spent about £9k on the engine, so get your facts right please! And well done if yours is faster. Hope you feel proud

Edited by xjay1337 on Tuesday 25th October 09:39

[C70R]

IanCormac said:

xjay1337 said:

Sorry, I missed this comment.

You really are a thunder .

You're throwing a bit of a tantrum because it's been suggested that saving is easier if you don't spend money on stuff like meals out and most importantly your car, if you want to buy. Everyone I know that owns a house didn't finance a car when saving, they had an old paid for cheaper car instead and saved up. It is tough but believe it or not people do cut their cloth and stop going out etc and stop spunking money on unnecessary stuff. Financed cars arent necessary.

Two words for you: "Deaf ears".

[C70R]

DELETED: Comment made by a member who's account has been deleted.

Oh dear. How embarrassing for you. True to form, and maintaining your marauding, argumentative persona, you've gone off 'forum stalking' in a bid to look clever, and fallen flat on your face...

I absolutely do rent, but MrsC and I own two properties (which we let out). Also, I wasn't whining about some sort of non-existent conspiracy preventing me from getting onto "the ladder".

[xjay1337]

DELETED: Comment made by a member who's account has been deleted.

I'm sorry, you may have mis understood.

I am trying to explain how it could be difficult for your average young person who is on a normal young persons salary (between £16k and £20k per annum).

I then explained how, at the time (3+ years ago), I tried to apply for a Mortgage and with a £10k deposit, I was only able to get £125k mortgage. At the time I was earning close to £30k. Which is far more than the average income of your standard 22 year old.
So assuming that is still true how the fk will someone earning £18k or £20k manage, if they live in my area?

I would like a house but I am not DESPERATE and PERSONALLY I would rather rent in a nicer area than buy a house I don't want to live in, in a worse area. I am young and very much into my cars, and it makes sense to do these things now while I am free from children or a mortgage, and no doubt in 10 years the modification of cars will be banned altogether anyway!

I know if I wanted I could probably be on the housing ladder now, I earn nearly double what I did 3 years ago. Combined with my Mrs' salary, we could manage quite happily. However, over the last 2 or 3 years that is not what I have wished to do, I wanted to do the cars instead.

Unfortunately most young people do not have the choice and do not earn enough.

I fully admit that things may have changed with regards to mortgage amounts, but I was trying to give some insight to the fact that your single young person has absolutely no hope of getting their own property on a standard young persons salary given

- The average income of 22 to 29 year olds is around £18-£20k
- Assuming the young person already lives independently either in a private rent or houseshare / lodging arrangement
- That young person needs a reliable car and has likely bought a new car recently on lease or with a loan (fixed monthly cost for reliable transport)
- Being young their car insurance will be very high.

I didn't know C70R was renting, and that is very funny and ironic. But that's his choice and I won't judge/assume.

I wish the personal digs towards my choice of spending money / car would stop. My money and my choice what to spend it on. When I actually complain that I can't get a house, feel free to berate me. When I'm saying that young people (in general) can't afford a house, then maybe leave my car and spending out it, eh?

Edited by xjay1337 on Tuesday 25th October 10:10

[xjay1337]

C70R said:

Oh dear. How embarrassing for you. True to form, and maintaining your marauding, argumentative persona, you've gone off 'forum stalking' in a bid to look clever, and fallen flat on your face...

I absolutely do rent, but MrsC and I own two properties (which we let out). Also, I wasn't whining about some sort of non-existent conspiracy preventing me from getting onto "the ladder".

Ahh so you rent out 2 properties that you bought.

I'm sure you do that all above board, pay tax on all the income (as well as your assumed normal salaried job).
All the while, by owning 2 properties, contributing to the rise in house prices. All in all, a really top guy.

[xjay1337]

DELETED: Comment made by a member who's account has been deleted.

Yes, that is perfectly true.

However we are not really talking about me here.
We are talking about young people in general. As I said, if I wanted a house I could have one. But then I am a 40% tax payer and that's not a luxury most people my age have.

[S10GTA]

xjay1337 said:

- The average income of 22 to 29 year olds is around £18-£20k
- Assuming the young person already lives independently either in a private rent or houseshare / lodging arrangement
- That young person needs a reliable car and has likely bought a new car recently on lease or with a loan (fixed monthly cost for reliable transport)
- Being young their car insurance will be very high.

But this is the point we're trying to make, be it your case or another person. If they want a house they need to make sacrifices, a new car is a luxury. A car is a luxury to be honest! Its the entitled generation thing again. My parents only had one car and my step-dad used to work shifts with a 6am start. As a child I'd either be dragged out of bed at 05.30 or he would ride to work.

They don't "need" a reliable car. They want.

[xjay1337]

Maybe, but I don't think it's practical to cycle from Newbury to Basingstoke every day (for example).
Fine if you work within a 5 mile radius, most people don't.

[S10GTA]

xjay1337 said:

Maybe, but I don't think it's practical to cycle from Newbury to Basingstoke every day (for example).
Fine if you work within a 5 mile radius, most people don't.

To be fair its only 18 miles each way. I do 11 miles each way. I'd not want to do 18 every day tho.

[C70R]

xjay1337 said:

I'm not throwing a tantrum at all.
C70Rs comment about working harder was ridiculous, he has absolutely no idea whag it is like for young people these days.

Most graduate positions are poorly paid and for several years you will be scraping the barrel. But hey, all worth it.

I'm in my early 30s, you utterly hysterical blouse. I've worked in sub-minimum wage sales jobs, and don't have the luxury of a University education to fall back on.

Now, please tell me how I have "no idea".

[C70R]

Blakewater said:

A one bedroom flat is £360,000, something you might be able to start a family in is over three quarters of a million and the advertising is targeted at buy to let investors who push up house values by taking all the property for sale out of the market.

And, pray tell, who is fuelling demand for these nasty "investors"? The same wallies who choose not to buy "undesirable" properties, and prefer to rent something they couldn't otherwise afford.

That is, unless you believe that these horrible "investors" just bought up a load of property in the hope that someone might want to rent it from them.

[xjay1337]

C70R said:

I'm in my early 30s, you utterly hysterical blouse. I've worked in sub-minimum wage sales jobs, and don't have the luxury of a University education to fall back on.

Now, please tell me how I have "no idea".

you mustn't have student debt then either!

You've obviously done well for yourself if you own 2 properties.
Either you and your Mrs earn serious wedge, or, you've had quite a bit of help.

From your general attitude I think we can tell what. Then again sales you get a lot of money for chatting bks so...