3 ms·
In the UK it's not even just 'Ivy or bust' in my view. The amount of career paths that seem to viably lead to anything other than "rent forever" seems tiny to m
by stegosaurus 12y ago
In the UK it's not even just 'Ivy or bust' in my view. The amount of career paths that seem to viably lead to anything other than "rent forever" seems tiny to me.
We have silly conflicting goals; the Government wants to encourage pension saving, so private pensions are now opt out. But for most, homeownership is a higher priority (because renting would eat away at that pension anyway). Yet we seem to be still pumping the housing bubble by focusing on nonsense like 'access to mortgages' rather than decreasing/stabilising the cost of housing.
An interesting statistic I like to use is the proportion of properties that are owned and owned outright. Very roughly, ~30% are owned outright, another 30% owner occupied, and the rest are rental properties.
You could then say that going forward it would be reasonable to expect that 60% or more of young people will eventually be homeowners. But that does not match up at all with the income scales myself and most of my friends seem to be facing (and we are in the higher tiers comparatively).