More Families Turn To Sharing Their Homes As Times Get Tough

[The Masked Tulip]

It is a good thing apparently as you get to make new friends.

http://www.walesonline.co.uk/news/wales-news/2010/08/27/more-families-turn-to-sharing-their-homes-as-times-get-tough-91466-27146491/

[SarahBell]

“The average age of the first- time buyer is 37

Is that just in Wales?

[The Masked Tulip]

“The average age of the first- time buyer is 37

Is that just in Wales?

I think so. Wow.

[porca misèria]

“The average age of the first- time buyer is 37

Is that just in Wales?

It's a statistic that's been around on HPC for quite some time. But it's not actually all FTBs, it's just those without the help of BoMD. Hence the fortunate twentysomethings are balanced by older people such as my priced-out-in-the-80s generation, and even sixtysomethings whose chance to buy follows an inheritance.

[lets get it right]

It's a statistic that's been around on HPC for quite some time. But it's not actually all FTBs, it's just those without the help of BoMD. Hence the fortunate twentysomethings are balanced by older people such as my priced-out-in-the-80s generation, and even sixtysomethings whose chance to buy follows an inheritance.

When I were a lad - it was not uncommon for people to marry when they were 20 and to have a 16 year old son or daughter by the time they were 37. The kids would be 'off hand' by the time the couple were in their mid 40s and the mortgage would be paid off too.

I must admit I didn't go down that route - I had the time of my life until I was in my early 30s and had my first child when I was 37. FTB in late 20s though. Second lad when I was 43 - feel a bit sorry for him now. He must be conscious that his old man is an old man - lots of his mates have Dads who are 15-20 years younger than me.

In those days we had a choice - only people who have children young these days seem to have them by accident.

[CountryMove]

only people who have children young these days seem to have them by accident.

Or to get themselves a council house

[NotMyHouse]

“The average age of the first- time buyer is 37

If house prices were to keep rising, would the average age of FTBs eventually be higher than the average life expectancy?

[headrow]

When I were a lad - it was not uncommon for people to marry when they were 20 and to have a 16 year old son or daughter by the time they were 37. The kids would be 'off hand' by the time the couple were in their mid 40s and the mortgage would be paid off too.

That's me.

Just over 40 with no mortgage , one kid who is 18 next month. It was tough back in 92 , new house ,new kid , job worries , interest rates at 10%.

I worked every hour possible and paid the mortgage off in 10 years and now sit in the position where i can pay my daughter through uni and give her a huge deposit to live in London or for her to buy outright up North.

[erranta]

Just reading that article and glance over at the ads

So what looks like a public sector non job strengthening families has a higher start rate than the Full time lecturer in Aeronautical engineering. The world has gone mad

http://www.modelaircraft.org/

http://www.modelaircraft.org/news/iwc-2010.aspx

Edited August 27, 2010 by erranta

[interestrateripoff]

I'd like to share my house with a couple of young female ladies to help with the bills.

[The Masked Tulip]

Just reading that article and glance over at the ads

So what looks like a public sector non job strengthening families has a higher start rate than the Full time lecturer in Aeronautical engineering. The world has gone mad

Yes, in Wales a skilled Engineering job is paid much, much less than many Public Sector non-jobs. If you look at IT jobs in the Public Sector they want really complex skillsets and pay salaries which are basically junior admin/clercial wages. You would have to be an idiot to fall for it IMPO.

The Western Mail online, for several months, has had a link on their homepage stating 'Confidence Grows in the Housing Market' which takes you, last time I looked, to some, IMPO, property porn.

[moesasji]

Yes, in Wales a skilled Engineering job is paid much, much less than many Public Sector non-jobs. If you look at IT jobs in the Public Sector they want really complex skillsets and pay salaries which are basically junior admin/clercial wages. You would have to be an idiot to fall for it IMPO.

The pay-scales for University Staff (except professors) is a national pay-scale, see for example http://www.ucu.org.uk/index.cfm?articleid=1703. So it is definitely not only Wales that pays a low salary for skilled (engineering) jobs.

[DisQ]

if you can get on why not

[Minos]

I'd like to share my house with a couple of young female ladies to help with the bills.

Are there a lot of male ladies round your way then?

[@contradevian]

"The average age of the first- time buyer is 37

Is that just in Wales?

..and by 50 you are unemployable (well at least in Johnny Storms company) so you have a 13 year window in which to acquire and pay down a mortgage.

[porca misèria]

Are there a lot of male ladies round your way then?

[silver surfer]

Dust off those "Rising Damp" VHS tapes...for a preview of British life in 2020.

[winkie]

On my forth buy, have always shared had many lodgers that have mostly been friends....far better than living on your own and helps pay the bills.......