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Parents Wrecking The Lives Of Their Children!

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A regrettably side effect of bull markets is that idiots grow to believe that they are commercially astute. Nasty little houses were cheap 30 years ago and as prices have rocketed, so millions of half wits have concluded that they understand property markets. Worst of all they are passing this 'wisdom' onto their children.

The reality is that, over the last 30 years first time homes have shrunk from 1200 square feet to 450 square feet and loans have gone from 3x one income to as much as 6x two incomes. In some cases, people have even resorted to sharing ownership with the lender.

If the trend were to continue for another 30 years, first time buyers would be paying 24x income and living in houses of 150 square feet! Not only is this is patently absurd but it is a near certainty that we will see a dramatic price reversal (for reasons of tax, interest rates, incomes and sanity) at some point.

Parents who encourage or help their children to buy today's market are guilty of wicked stupidity. These overpriced boxes will probably become a prison for their children.

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yes we got 22 channels. yes we got fancy cars and faster trains. yeah we got computers, but our general standards of living such as homes and social life have all but gone to bare bones.

where are the wives that make pies ?

..and wheres my garden ?

Edited by right_freds_dead

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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