There are millions Gen Z earn decent money. I know some of them. How about study hard ? Less playing less complaints?
cuppachuppa on
“Some” of all generations will never own a home for all sorts of reasons.
HumanWithInternet on
6X house prices in 30 years, and from my own anecdotal evidence it’s the same with rent. Although house prices don’t seem better or worse than many other similar countries. This looks like a massive problem with business and stagnation of wages. Going on for decades, with no one held to account.
Progress…/s
Diligent_Craft_1165 on
The cost of most things went from something one man could support on one income, to it being almost a requirement both partners work full time to have a decent standard of living.
House prices are below 2008 levels vs inflation. The problem is wages have been suppressed.
Correct-Junket-1346 on
That’s what it’s all gearing towards, nobody will own a home, all slaves to the landlords
Honey-Badger on
I bet we’ll see an increase in partial ownership, we’ll have a generation who own something like 25% of their home while they pay a rent to a financial institution for life. All the while said financial institution is acting like they’re so gracious in helping a young person ‘get on the ladder’
0Bento on
The Independent should hang their head in shame using AI videos like that. Utter junk, and it makes me feel that I can’t trust the information in the video.
Furthermore, it really shakes my faith that they’re not using AI in their text articles too. How exactly can they be trusted when AI is well know just to make stuff up?
FryingFrenzy on
Please can the authorities consider land value tax
It would be a transformational policy, a net win for all those except the ultra wealthy
ash_ninetyone on
Even if you can afford a deposit that’s 5-10% of the value of the house minimum, you then have mortgage repayments that are potentially more than it costs to rent.
House prices that are unsustainably high, then if you do see a lower-priced house, typically sits within a less desirable area, that would normally be good for first time buyers anyway, you then have to content with property investors that buy it to let out.
Competitive_Pen7192 on
The new student loan system also utterly hamstrings anyone trying to get a deposit…Even high earners end up getting pegged back by the crippling high interest.
UnravelledGhoul on
Well yeah, home ownership in millennials isn’t as high as previous generations, so what would make you think Gen Z would be any better?
11 commenti
There are millions Gen Z earn decent money. I know some of them. How about study hard ? Less playing less complaints?
“Some” of all generations will never own a home for all sorts of reasons.
6X house prices in 30 years, and from my own anecdotal evidence it’s the same with rent. Although house prices don’t seem better or worse than many other similar countries. This looks like a massive problem with business and stagnation of wages. Going on for decades, with no one held to account.
Progress…/s
The cost of most things went from something one man could support on one income, to it being almost a requirement both partners work full time to have a decent standard of living.
House prices are below 2008 levels vs inflation. The problem is wages have been suppressed.
That’s what it’s all gearing towards, nobody will own a home, all slaves to the landlords
I bet we’ll see an increase in partial ownership, we’ll have a generation who own something like 25% of their home while they pay a rent to a financial institution for life. All the while said financial institution is acting like they’re so gracious in helping a young person ‘get on the ladder’
The Independent should hang their head in shame using AI videos like that. Utter junk, and it makes me feel that I can’t trust the information in the video.
Furthermore, it really shakes my faith that they’re not using AI in their text articles too. How exactly can they be trusted when AI is well know just to make stuff up?
Please can the authorities consider land value tax
It would be a transformational policy, a net win for all those except the ultra wealthy
Even if you can afford a deposit that’s 5-10% of the value of the house minimum, you then have mortgage repayments that are potentially more than it costs to rent.
House prices that are unsustainably high, then if you do see a lower-priced house, typically sits within a less desirable area, that would normally be good for first time buyers anyway, you then have to content with property investors that buy it to let out.
The new student loan system also utterly hamstrings anyone trying to get a deposit…Even high earners end up getting pegged back by the crippling high interest.
Well yeah, home ownership in millennials isn’t as high as previous generations, so what would make you think Gen Z would be any better?