The 75 and ZT Owners Club Forums - View Single Post

richw · 19th October 2021, 22:32

Hmm, I think that 40 years ago, over 20k in savings would be unheard of (round here!).

It get the impression that the older generations (who have done well with property and pensions) simply don't understand how bleak it is for someone in their 20s. I appreciate that some need a kick up the backside and to drop their PCP cars, iPhones, coffees, gym subs etc. But the housing numbers are way out... A 20k deposit would be good (hard with a 50k student debt!) but to borrow three times your earnings would give you a bit over 100k for an average job... But an average house is over 2.5 times this amount.

I notice with 'refugees' that those who virtue signal the most tend to not be impacted. I find it hard to see how the UK is their first safe country.

19th October 2021, 22:32	#37
richw Avid contributor Rover 75 Saloon Join Date: Sep 2017 Location: Stockton-on-Tees Posts: 243 Thanks: 6 Thanked 64 Times in 49 Posts	Hmm, I think that 40 years ago, over 20k in savings would be unheard of (round here!). It get the impression that the older generations (who have done well with property and pensions) simply don't understand how bleak it is for someone in their 20s. I appreciate that some need a kick up the backside and to drop their PCP cars, iPhones, coffees, gym subs etc. But the housing numbers are way out... A 20k deposit would be good (hard with a 50k student debt!) but to borrow three times your earnings would give you a bit over 100k for an average job... But an average house is over 2.5 times this amount. I notice with 'refugees' that those who virtue signal the most tend to not be impacted. I find it hard to see how the UK is their first safe country.