Do remember though

A house is only worth what someone is willing to pay for it.
House prices are at their peak at the moment. Slowdown in London. Fastest growth in east midlands.

So although property is at ridiculous prices, so is borrowing. I was able to get a 95% mortgage without the government's "Help to buy".

I do agree it has helped the wealthy get even more wealthy but the wealthy had land/property to begin with so that is inevitable.

Most millennial's now, tend to use their money for experience's/ latest Iphone/Eating out/ Weekend's away/Travelling. (I am a millennial, i have first hand experience of this)

Everyone is in the same boat. Some people just choose to spend what money they have on short term things rather than planning for the future.

Whilst the majority of my friends struggle to pay rent whilst paying for their £75 a month phone contract. I opted to go the thrifty way, save what money i could, even skipping meals if i really did not feel hungry and got that deposit together. I took 8 years.... and yes i've just moved into my first house.

Posted By: Basingstoke_Canary_J, Oct 22, 09:43:41