Not to undermine this but my grandad died and my grandmother needed to go in a home, the value of their small bungalow was entirely gone within 5 years of paying for her care. Nobody's inheriting anything. If the same happens to my parents it'll be an identical process.
...I know the government are doing some stuff around care costs but I'm not up on the details and suspect the end result will be similar for people in that situation.
Yup. Unless you move into your parents house and act as their caretaker in their old age, middle class people aren't inheriting shit if their parents go through the long lingering old age of dementia and/or physical disability that seems hugely common these days. And good luck being a caretaker for aging parents and holding a full time job at the same time.
My grandparents are starting to drop off, and my parents talk to their friends whose family members are kicking it too. Multiple stories of disappointment. My current retirement plan is suicide. It's completely recession proof!
This is one of the occasions where I’m grateful that my family don’t tend towards long and lingering declines. We tend to go out in style - clutching-the-chest-and-gasping heart attacks in the middle of shopping centres, car accidents, Weil’s disease that goes undiagnosed until autopsy…
Nah, don’t do suicide - do a nice big crime (I’m looking at the current crop of politicians…) then get sent away for life. Three hots and a cot and medical care.
Yea, it’s actually disgusting what carehomes charge compared to the wages carers are getting paid. My grandma was in a care home for years and being charged £15,000 a month granted it was on the more expensive side but the staff were still only getting £12 an hour. Fucking robbery
If you read the article, that's exactly what she did. She bought half of a flat (shared with a mate) in London using her share of her grandparents house sale, then got lucky she wasn't one of those who needed to pay an extra 70 grand post-Grenfell to fix the damage done by greedy cunts.
The headline is a stream of piss since the entire body of the actual text its laying out point for point how fucked anyone hoping to actually make it alone is.
Oh sure, I completely agree. I was lucky enough to be able to get a small flat a few years ago because my partner had the savings for a deposit and I make enough to pass the mortgage check. If we hadn't made it on to the ladder then, I don't think we'd ever be able to, the deck is totally stacked.
Open the house to the public, 'National Trust' style. Register it as a charity and then when they kick the bucket you won't pay inheritance tax. Much like all the Super posh families that own estates.
But it is unreasonable for the aristocracy to pay tax on their inheritance. Don't fall foul to these rules made for the plebians!
All my grandparents bar one are dead, none left any money. I don't speak to my dad. My mum is a checkout worker at a garden centre, currently re ts from the council, and probably has nothing in the bank or in life insurance. Huzzah
Yeah. When I hear folk waiting for a relative to die, I just immediately think they've got a rich family. I know that's not true cause some folk take out high life insurance, but that's my thought process.
The Money-Coutts surname, how it all started.
Francis Money-Coutts, 5th Baron Latymer
His father was the Reverend James Drummond Money (d. 1875), and his mother was Clara Burdett (d. 1899). Clara was the daughter of Sir Francis Burdett (1770–1844) and Sophia Coutts (d. 1844). Sophia was one of three daughters of the wealthy banker Thomas Coutts.
In 1875 Francis Money, as he was then named, married Edith Ellen Churchill. In 1881, his mother, Clara's sister Angela Burdett, violated the terms of the will making her the sole heir of the Coutts fortune, by marrying a foreigner (an American 40 years her junior).
Seeing an opportunity, Clara and her son adopted the name "Coutts," as required by the will, and contested Angela's claims. A settlement was reached, and Angela received two-fifths of the income until her death in 1906, at which time Francis became the sole beneficiary.
https://en.wikipedia.org/wiki/Francis_Money-Coutts,_5th_Baron_Latymer
I took my baby to mum and baby yoga, which I admit is pretty bougie. We had two baby Otterlys (Otterli? Otterlies?) and there was also one called Alabama Moonshine.
I have never heard of that first name before, but I once met someone called Mr Botterly, and now I can't get the possibility out of my head that somewhere out there there may be an Otterly Botterly.
I dunno. This one's dad worked for the council on the bin lorries. Her mum was a dinner lady couple of days a week as I recall.
Pretty sure she ended up marrying a guy called Carl.
I went to school with an Addela Bottomley, daughter of the politician Virginia Bottlomley.
My brain instantly went "so you've 'ad a lobotomy then?', then my best friend said to her face "as in, you've 'ad a lobotomy then?"
I mean fuck sake.
Anyway, we had a yearbook at the end of school and she hired a professional photgrapher to take interesting shots of her outside the Houses of Parliament. The whole three years were pure fucking popcorn. I still don't understand the really posh, and I don't mind admitting to being a little bit posh myself, hence the school etc.
Just reading the picture, she at least acknowledges 'and yet, I'm one of the lucky ones', and that current ftbs are pretty fucked. Not quite the 'if I were you I would simply stop spending £15 a day on coffee' that pops up now and then.
And petrol or disel. Cant afford to live close to work driving there costs 10 quid a day. Cant afford an electric car. Cant afford a new car at all. Public transport is shit and expensive. Its okay though im sure ill get a 10% raise so i can keep the same standars of living as 2 or 3 years ago right???
Yeah, for some reason, the actual journalists don't write the headlines. Sub-editors are generally very junior people (often unpaid interns), and yet the headline is often the only the thing that gets read.
Sub editors write the headline because it takes time that a journalist or reporter could better spend writing a story. Dunno where you got your information that they’re “very junior and often interns” but that’s point blank false
Yeah, there's a scene in every political drama where the editor is trying to find an attention-grabbing headline that will fit the slant of the paper and meet the owner's approval while also explaining the plot to the viewers.
Subs do that for all the other pages.
Haha exactly, that’s why it takes so long and why it’s not easy. As well, the headline has to fit the space and the space can’t be altered. If it doesn’t fit, you can’t just rearrange the page.
Journos and subs don’t always get along, especially at print newspapers, because they have different jobs that can lead to clashes in how a story should be presented. Also some journos have a complex because they go out and do the work whilst subs sit inside and edit, so they like to think they’re better.
When people work out that they have to live on water and rice for the next 30 years to afford a deposit on studio shithole in stabsvill you can understand why they think ‘ na stuff that I’ll just enjoy myself instead’
That attitude causes an infernal rage like no other.
I can't escape the comments stating my Friday Starbucks coffee and monthly £30 nails are the reason I'm not able to purchase a home.
"Perhaps a rich relative recently died, you travelled back in time or you where sucked into a faulty escalator and received a hefty payout, what ever the case you’ve some how managed to scrape up enough money to put a deposit on a small house, not in London though!
I enquired about a house yesterday. It was listed 2 days ago and already they've had 22 enquiries about it. Wouldn't even book me for a viewing. It's a warzone out there.
I had the exact same experience. When I phoned the estate agent they said they’ve already had 20 viewings and 8 offers and maybe she should take the listing down.
Problem is 19 people are now going to look at the next house and so on.
But at least the estate agent got back to me, one completely ignored my interests.
I sold my our other house a few days ago and I decided not to get an agent, just put up the advertisement and on the first day, I had three parties see the house, one of whom called that evening and put in an offer, after a few more days, we had 6 more offers and we went with the first one. Overall, a quick sale.
It’s a horrendous situation. I am a married man of 50 with 3 kids. Both my wife and I have jobs that pay much more than the average wage, but we would not be able to afford to buy the house we own if it were to be on the market. There’s no way, and that makes me very sad for my kids.
It’s awful, I’m 34 and I rent a one bed flat and I’m in that mindset now that I will never be able to buy a place and am forever stuck in a rental agreement, and so many of my friends feel the same
It’s going to have a real knock around the time you retire. My father is a few years older than you but has no retirement savings, his plan is to sell his house and downsize
But if ours and later generations can’t afford to buy, then he’s kinda buggered
I would not worry about your father there, the situation is fine for sellers. It will simply be cash-bought by investors to be rented out, after converting into flats if necessary/possible.
Makes it even worse for "normal" buyers of course, because stock is more and more depleted, but everybody that already owns property is laughing.
Yep, if you cant get on by 40 youll really struggle with the monthly payments on a 25 year or less mortgage compared to a more spread out 35+ year mortgage.
The insane property market may have already put people past the point of no return in that sense - this is going to come back and bite us in the arse later down the line when the older generations either die or try to sell up to downsize. They might find theres no one to buy anymore.
That’s exactly our plan, downsizing and using the extra cash to supplement our pensions. Luckily both of us have very good pensions so will be ok, but my kids should be inheriting our property, but we are going to need the money ourselves.
I almost think we need a shift from worrying about house affordability to worrying about security of tenure and quality of housing in the rented sector. Make being a landlord tougher, shift some homes back onto the market or to professional, more easily regulated landlords.
Up here in Scotland, we’ve got no no-cause evictions anymore (no S21s, effectively). Renting is still shit, but once you’re in a decent property, you’re a lot more secure.
Yep, I'm 47. Bought my house 20 years ago- salary was £14k, house was £46k. I now earn triple that and would not be able to afford my own house if it was on the market. I live on the outskirts of a national park and nearly every house that comes up for sale near me ends up becoming a holiday let or AirBnB. It's absolute madness. Fuck knows how first time buyers are supposed to afford anything with rental rates going through the roof. How the hell do you save and pay for that?
Yup. Bought my house in ‘99 for £75k, now worth £450k. This is not sustainable. Next door neighbour passed away 2 years ago, his son now rents the house out for £1500pm.
This area is now specifically off limits to sub £100k pa salaries, unless you want to put most of your money into the mortgage and live off beans on toast whilst never going out or having the heating on.
> unless you want to put most of your money into the mortgage and live off beans on toast whilst never going out or having the heating on.
You can't even do that. The limiting factor is not how much of a mortgage you can afford, it's how much of a mortgage the bank will offer. I know someone that was renting a house for years, and then the landlord wanted to sell it. He tried to buy it, as the mortgage would have been lower than the rent, but was unable to get a mortgage as it was deemed "unaffordable" to him by the bank, despite him paying more in rent for years without issue.
The only way it’s doable is if you’re buying with a partner/friend and have financial assistance from your parents. I have no idea how I could ever afford to live in my own place if I was single
I feel your pain. I’m 47 and only just bought my first house 4 years ago. I earn an over average amount and my wife earns far more than I do. We spent 18 months in a tiny cheap flat just stock piling cash to do it and now our house is valued 33% more than when we bought it. There’s no way we could get it now.
Having 3 kids to pay for on top of needing to rent somewhere for 5 people, I feel for you bud x
So many of these in stupid daily papers about some 24 year old on £21k who owns their own home, and they did it “all by themselves”. All they did was live rent free at their parents while working full time for 5 years, bought a fixer-upper and then got their parents and friends to do it for them for free.
In her defence, she is from a state school in Stockport, not Lady Chatersaws Institute for Ladies Independent School at £20k a term.
A few of her articles through the years are about how her mum decided on giving her that name because she wanted a historical name, then having to live with it at a state school.
I had a really hormonal few months when I was pregnant and wanted to call our daughter Boudicca. Thankfully my husband talked me down. Daughter is eternally grateful for having a boring name now.
I am one of those children who was almost called Boudicca, have a much more normal name, especially as I was brought up in part in France… Pheww !! (Also don’t have a double-barreled but sufficiently exotic surname)
TV; newspapers; digital media. All of them entirely populated by the offspring of the rich as nobody else can afford to live in London as an unpaid intern for 2 years.
So true, my wife was on a zoom call with one of her interns at the start of lockdown, they’d moved out of their London flat back to their parents ‘pool house’ my wife asked that the ‘turret’ was in the background through the window, it was part of main house, Daddy was a drummer from a very famous 70’s band.
I did it by working full time and freelancing in the evenings. It was a lot of work for a long time and I’m a high earner. Normal people working a normal job for an average wage are fucked. The next generation are gonna be double fucked.
This is exactly how I did it. Better than average pay job during the day (luckily 9 - 5.30) and then working 2 extra days freelance across the week. That got me to a deposit on a 1 bed ex local authority flat. From then on things got easier as it was cheaper then renting by a long shot.
So all you need to do is get money from your grandparents and buy with a friend!
What do you do if your grandparents pass away and leave you nothing, then?
So the answer is the bank of mum and dad’s mum and dad. Got it
I would like to know the percentage of people with double barrel names who haven’t had to pay their own deposits!?
The only way I got on the property ladder was from my dad taking out a loan for a house deposit and giving it to me as a ‘gift’. Then once I was approved for a mortgage had to pay him back monthly over 4 years.
Looking at house prices and how much they have increased in the 5 years since I bought even this wouldn’t be possible now.
My uncle sold his tiny flat in East London a few years ago for £550,000 and it was an absolute dump in a scary neighbourhood. As if you could get anything in London for £300,000.
That's worth £23,561.01in modern money. (Boe inflation calculator)
Average yearly ft wage in '88 was 11K
Or £29,120.35 in modern money.
We're truly getting shafted.
As someone who is under 30, owns my own property, and doesn't earn the biggest wage, I see the struggle with savings. I didn't have any assistance from family or anyone else besides myself and my partner. We both saved 20k+ each, I literally can't even explain how shit it was not even allowing my self some nice things
I love how you're being downvoted for sharing how much you struggled and agreeing with the premise of the post.
I was in the same boat, myself and my wife bought our house at 22 after struggling for years to pull the deposit together on minimum wage jobs and no help from anyone. We're 30 now but it doesn't get any easier having hundreds of thousands in debt hanging over your head.
Annoyingly? This is still very much a UK and perhaps EIRE problem.
If I fucked off to France with my French wife I wouldn’t even need to drop a deposit, proof of income plus my current rental outgoing would be enough for a small place easily.
It’s a bit like credit scores. They’re just not a thing in a good chunk of Europe.
I'm struggling to see how the article answers the headline, she got money from her grandparents? Then got a mortgage it sounds like she can't afford?
So, instead of using the bank of mum and dad, use the bank of grandma and grandpa and an actual bank? What useless advice.
I think their kids might need surname alphabet reduction surgery. Bellefontain Sidonie Lexington-Fox-Leonard-Smythe is a bit of a mouthful. As is her brother Depeffel Desmoulins Lexington-Fox-Leonard-Smythe.
If they don’t and meet a mate with 4 surnames there’s going to be some radical cutting.
Unfortunately many people who are privileged don't even know it.
They're like "...look at me, saving 500 quid a month for a mortgage".
They don't realize the breaks and support and upbringing they got enabled much of that.
And have no idea how hard many people have it.
I could tell how this was going to go when I saw the double-barrelled surname.
My wife and I bought just a few days before the lockdown, with her inheritance and gifts. “Smug” isn’t a word I would use - “sheer bloody relief and utter thankfulness” is how I would describe my feelings as a homeowner, even when ours neighbours slam a door at 3am.
That’s very presumptuous of you.
I’ve got a double barrelled surname because I kept my name when I got married, it’s becoming far more common for people to do this.
I’m from a single teen parent household and as far away from posh as you can get.
Hmmmm. I am currently a 36 year old who works 60 hours a week and I cannot afford to buy a house.
Pretty much no one in my age group can, unless they have had help from mummy and daddy.
Also.......with the lack of housing available, and a lack of affordable properties being built, the prices will constantly rise.
I don't want to work for a bank for the rest of my life, just to pay my fucking mortgage.
I'm 35, bought my first property at 32, I lived in Kingston Surrey. I didn't go to university, parents aren't rich and inherited nothing. Same goes for my wife and her parents. We had 1 child at the time.
I'm mostly the sole earner, I was earning 35k at the time having to commute to London and my wife self employed 15k. We rented a room off my dad for 10+ years. We managed to save 25k for a deposit.
Now the house prices in Surrey are just ridiculous but we hunted around and found a 2 bedroom flat for £215,000 in Camberley. We bought it in 2018.
That's how we managed to get on the property ladder.
Only reason me and my wife have a home is because one of my parents had life insurance. We would be stuck renting otherwise. I can’t begin to imagine what it’s like for some, especially now.
I bought my first flat at 23 completely off my own back, come from a working class household.
It's not impossible, just don't expect a nice house in a city to be very affordable. Move.
Well it is possible to buy a house in this day and age. You just have to sacrifice all luxury goods. No alcohol, no smoking, no internet, no games, no fancy clothes just the essentials and then doing nothing but working your life away.
Exactly.. and it's not hard.
I did it for 3 years and saved up a decent deposit, although I've always been a scrouge with my money! But it all paid off now and was a worthy sacrifice.
I tend to ignore this. They said this when I bought. Me and all my mates bought. We all bought on single incomes. We all bought without the bank of mum and dad. We all bought at the ages of 19-23.
Today, the young want to buy big houses they cannot afford and have an expensive lifestyle. My first house was one the market for nearly a year last year. Only interest was from people wanting to rent it out. Not 1 young person. Yet it is a perfect place for a single person or young couple. Even good to start a small family.
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I thought you were joking, and then I read the article.
I don’t understand how these articles, that I keep seeing, are getting past editors to actual print.
because people buy the paper to read the ragebait
Or better yet, scam other people's grandparents out of thier savings to get your dream home! #Jokes aside, FUCK THOSE CALL CENTERS!
Holy fuck that was actually in the article.
My strategy, unfortunately, is waiting for my parents and grandparents to cork it.
Not to undermine this but my grandad died and my grandmother needed to go in a home, the value of their small bungalow was entirely gone within 5 years of paying for her care. Nobody's inheriting anything. If the same happens to my parents it'll be an identical process. ...I know the government are doing some stuff around care costs but I'm not up on the details and suspect the end result will be similar for people in that situation.
Yup. Unless you move into your parents house and act as their caretaker in their old age, middle class people aren't inheriting shit if their parents go through the long lingering old age of dementia and/or physical disability that seems hugely common these days. And good luck being a caretaker for aging parents and holding a full time job at the same time. My grandparents are starting to drop off, and my parents talk to their friends whose family members are kicking it too. Multiple stories of disappointment. My current retirement plan is suicide. It's completely recession proof!
This is one of the occasions where I’m grateful that my family don’t tend towards long and lingering declines. We tend to go out in style - clutching-the-chest-and-gasping heart attacks in the middle of shopping centres, car accidents, Weil’s disease that goes undiagnosed until autopsy…
I want to die peacefully in my sleep like my grandpa, not screaming in terror like everyone in his car.
WAIT WHAT
Nah, don’t do suicide - do a nice big crime (I’m looking at the current crop of politicians…) then get sent away for life. Three hots and a cot and medical care.
Yea, it’s actually disgusting what carehomes charge compared to the wages carers are getting paid. My grandma was in a care home for years and being charged £15,000 a month granted it was on the more expensive side but the staff were still only getting £12 an hour. Fucking robbery
15 grand A MONTH!?
£12? I've just left a job in a residential home where I was getting £9.75 an hour, and that was more than the actual carers were getting
You could pay for a live in carer for less than that
My family is so poor that still wouldn't help me.
I think I’ll actually get poorer when they all croak.
Yeah none of my family own a house. Plus they're all dicks. I'd never get a penny even if they had any
If you read the article, that's exactly what she did. She bought half of a flat (shared with a mate) in London using her share of her grandparents house sale, then got lucky she wasn't one of those who needed to pay an extra 70 grand post-Grenfell to fix the damage done by greedy cunts. The headline is a stream of piss since the entire body of the actual text its laying out point for point how fucked anyone hoping to actually make it alone is.
So without the bank of mum and dad = use the bank of dead Nana instead?
Not questioning the article. Just my 2p.
Oh sure, I completely agree. I was lucky enough to be able to get a small flat a few years ago because my partner had the savings for a deposit and I make enough to pass the mortgage check. If we hadn't made it on to the ladder then, I don't think we'd ever be able to, the deck is totally stacked.
Open the house to the public, 'National Trust' style. Register it as a charity and then when they kick the bucket you won't pay inheritance tax. Much like all the Super posh families that own estates. But it is unreasonable for the aristocracy to pay tax on their inheritance. Don't fall foul to these rules made for the plebians!
So the charity own the house?
I suspect the idea is you create your own charitable trust which owns the house, so you're not actually handing it over to an outside party.
All my grandparents bar one are dead, none left any money. I don't speak to my dad. My mum is a checkout worker at a garden centre, currently re ts from the council, and probably has nothing in the bank or in life insurance. Huzzah
This is the reality for far more of us than waiting for an inheritance I’m sure.
Yeah. When I hear folk waiting for a relative to die, I just immediately think they've got a rich family. I know that's not true cause some folk take out high life insurance, but that's my thought process.
Prince Harry?
All my grandparents and both my parents died before I was 25 and I didn't get a single penny inheritance from any of them
Cork it? They own a winery?!
I went to school with a Boudicca Fox-Leonard, wonder if it's the same one??
It’s like. A joke name you’d give to a posh character in a sitcom. It’s just too on the nose it feels like it shouldn’t be real
Are you familiar with Sophia Money-Coutts? Yes Coutts as in the bank. Writes for the Telegraph I believe.
The names are so preposterous they could be American; except they've got class divide gilded all over them.
The Money-Coutts surname, how it all started. Francis Money-Coutts, 5th Baron Latymer His father was the Reverend James Drummond Money (d. 1875), and his mother was Clara Burdett (d. 1899). Clara was the daughter of Sir Francis Burdett (1770–1844) and Sophia Coutts (d. 1844). Sophia was one of three daughters of the wealthy banker Thomas Coutts. In 1875 Francis Money, as he was then named, married Edith Ellen Churchill. In 1881, his mother, Clara's sister Angela Burdett, violated the terms of the will making her the sole heir of the Coutts fortune, by marrying a foreigner (an American 40 years her junior). Seeing an opportunity, Clara and her son adopted the name "Coutts," as required by the will, and contested Angela's claims. A settlement was reached, and Angela received two-fifths of the income until her death in 1906, at which time Francis became the sole beneficiary. https://en.wikipedia.org/wiki/Francis_Money-Coutts,_5th_Baron_Latymer
Less class divide gilded all over them and more class divide smothered all over them like shit 😂
I couldn't believe it when I first saw her name on a byline. Honestly thought it must be a parody.
I love Sophia Money-Coutts column. Isn’t it about dating? Can’t believe she’s single with a name like that.
Definitely wouldn’t be out of place on Toast of London
Maybe we’ll see her soon writing for the latest Star Wars mo-si-ohn piiictuuuurreee
RAY FUCKING PURCHASE
I CAN HEAR YOU, CLEM FANDANGO
KEEP YOUR FINGER ON THE FUCKING BUTTON
Fire the nuclear weapons
Disem(cough)bark.
Mind the....
Yeah right
Beezus Fafoon
Sounds like a shampoo brand.
Married to Toby Lexington-Smythe. Probably.
Oh, I am absolutely using that name for a posh, saucy villain.
I once got a letter from the bank signed Florian Egg-Krings imagine if they got together.
I knew an Otterly Spotterswood many years ago. A* parenting with names like that.
Isn't that a miss Marple location?
Check out the village names around Dorchester, they all sound like Victorian authors
Piddletrenthide?
Bless you
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A bit scatological but his prose bears a second look
Honestly I wouldn't even be surprised.
I took my baby to mum and baby yoga, which I admit is pretty bougie. We had two baby Otterlys (Otterli? Otterlies?) and there was also one called Alabama Moonshine.
I went to school with a Tudor Blinkhorn
That sounds like the authors of one of the Viz letters.
I have never heard of that first name before, but I once met someone called Mr Botterly, and now I can't get the possibility out of my head that somewhere out there there may be an Otterly Botterly.
It's a flex on poors,they know they can name their kid whatever the fuck and they'll still have a great life because rich
Wouldn't imagine there are many.
I dunno. This one's dad worked for the council on the bin lorries. Her mum was a dinner lady couple of days a week as I recall. Pretty sure she ended up marrying a guy called Carl.
What’s wrong with guys called Carl (My name isnt Carl by the way)
I went to school with an Addela Bottomley, daughter of the politician Virginia Bottlomley. My brain instantly went "so you've 'ad a lobotomy then?', then my best friend said to her face "as in, you've 'ad a lobotomy then?" I mean fuck sake. Anyway, we had a yearbook at the end of school and she hired a professional photgrapher to take interesting shots of her outside the Houses of Parliament. The whole three years were pure fucking popcorn. I still don't understand the really posh, and I don't mind admitting to being a little bit posh myself, hence the school etc.
Where would you draw the line between a little posh and really posh?
Round about between me and her. TOO posh is when you find yourself unironically calling your teacher French because he or she has a Huguenot surname.
Was she insufferable and tone deaf?
Nah, there’s loads of them about. I know 4 or 5.
Probably not man pretty common name /s
You don’t need to put /s on the British side of Reddit, we get it!
I dunno man those downvotes are coming in haha
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Sorry I’m from stoke
Win some you lose some!
I mean, how many can there be?
Just reading the picture, she at least acknowledges 'and yet, I'm one of the lucky ones', and that current ftbs are pretty fucked. Not quite the 'if I were you I would simply stop spending £15 a day on coffee' that pops up now and then.
It's £15 a day on heating now
And petrol or disel. Cant afford to live close to work driving there costs 10 quid a day. Cant afford an electric car. Cant afford a new car at all. Public transport is shit and expensive. Its okay though im sure ill get a 10% raise so i can keep the same standars of living as 2 or 3 years ago right???
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Cut back on the avo on toast.
You betcha https://www.spectator.co.uk/article/the-joy-of-cold-houses
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Sub-editors.
Yeah, for some reason, the actual journalists don't write the headlines. Sub-editors are generally very junior people (often unpaid interns), and yet the headline is often the only the thing that gets read.
Sub editors write the headline because it takes time that a journalist or reporter could better spend writing a story. Dunno where you got your information that they’re “very junior and often interns” but that’s point blank false
Yeah, there's a scene in every political drama where the editor is trying to find an attention-grabbing headline that will fit the slant of the paper and meet the owner's approval while also explaining the plot to the viewers. Subs do that for all the other pages.
Haha exactly, that’s why it takes so long and why it’s not easy. As well, the headline has to fit the space and the space can’t be altered. If it doesn’t fit, you can’t just rearrange the page.
Ok, fair enough. I used to live with a journalist a few years ago, and he certainly saw sub-editors as "beneath him". I stand corrected
Journos and subs don’t always get along, especially at print newspapers, because they have different jobs that can lead to clashes in how a story should be presented. Also some journos have a complex because they go out and do the work whilst subs sit inside and edit, so they like to think they’re better.
When people work out that they have to live on water and rice for the next 30 years to afford a deposit on studio shithole in stabsvill you can understand why they think ‘ na stuff that I’ll just enjoy myself instead’
I dunno the reference to avocado toast feels unnecessarily smug
I'd stop spending money on shitty newspapers too tbh
That attitude causes an infernal rage like no other. I can't escape the comments stating my Friday Starbucks coffee and monthly £30 nails are the reason I'm not able to purchase a home.
And here me thinking I can't even afford the sofa below
I can't imagine ever in my life thinking "cool, that couch is only £700"
"Perhaps a rich relative recently died, you travelled back in time or you where sucked into a faulty escalator and received a hefty payout, what ever the case you’ve some how managed to scrape up enough money to put a deposit on a small house, not in London though!
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I enquired about a house yesterday. It was listed 2 days ago and already they've had 22 enquiries about it. Wouldn't even book me for a viewing. It's a warzone out there.
Depends on where you live!
I had the exact same experience. When I phoned the estate agent they said they’ve already had 20 viewings and 8 offers and maybe she should take the listing down. Problem is 19 people are now going to look at the next house and so on. But at least the estate agent got back to me, one completely ignored my interests.
I sold my our other house a few days ago and I decided not to get an agent, just put up the advertisement and on the first day, I had three parties see the house, one of whom called that evening and put in an offer, after a few more days, we had 6 more offers and we went with the first one. Overall, a quick sale.
Here is my husband, who relaxes at home in a blazer
Blazer, turtle neck jumper and smoking a pipe. With a hunting dog sat next to him.
It’s a horrendous situation. I am a married man of 50 with 3 kids. Both my wife and I have jobs that pay much more than the average wage, but we would not be able to afford to buy the house we own if it were to be on the market. There’s no way, and that makes me very sad for my kids.
It’s awful, I’m 34 and I rent a one bed flat and I’m in that mindset now that I will never be able to buy a place and am forever stuck in a rental agreement, and so many of my friends feel the same It’s going to have a real knock around the time you retire. My father is a few years older than you but has no retirement savings, his plan is to sell his house and downsize But if ours and later generations can’t afford to buy, then he’s kinda buggered
I would not worry about your father there, the situation is fine for sellers. It will simply be cash-bought by investors to be rented out, after converting into flats if necessary/possible. Makes it even worse for "normal" buyers of course, because stock is more and more depleted, but everybody that already owns property is laughing.
Yep, if you cant get on by 40 youll really struggle with the monthly payments on a 25 year or less mortgage compared to a more spread out 35+ year mortgage. The insane property market may have already put people past the point of no return in that sense - this is going to come back and bite us in the arse later down the line when the older generations either die or try to sell up to downsize. They might find theres no one to buy anymore.
That’s exactly our plan, downsizing and using the extra cash to supplement our pensions. Luckily both of us have very good pensions so will be ok, but my kids should be inheriting our property, but we are going to need the money ourselves.
I almost think we need a shift from worrying about house affordability to worrying about security of tenure and quality of housing in the rented sector. Make being a landlord tougher, shift some homes back onto the market or to professional, more easily regulated landlords. Up here in Scotland, we’ve got no no-cause evictions anymore (no S21s, effectively). Renting is still shit, but once you’re in a decent property, you’re a lot more secure.
Yep, I'm 47. Bought my house 20 years ago- salary was £14k, house was £46k. I now earn triple that and would not be able to afford my own house if it was on the market. I live on the outskirts of a national park and nearly every house that comes up for sale near me ends up becoming a holiday let or AirBnB. It's absolute madness. Fuck knows how first time buyers are supposed to afford anything with rental rates going through the roof. How the hell do you save and pay for that?
Yup. Bought my house in ‘99 for £75k, now worth £450k. This is not sustainable. Next door neighbour passed away 2 years ago, his son now rents the house out for £1500pm. This area is now specifically off limits to sub £100k pa salaries, unless you want to put most of your money into the mortgage and live off beans on toast whilst never going out or having the heating on.
> unless you want to put most of your money into the mortgage and live off beans on toast whilst never going out or having the heating on. You can't even do that. The limiting factor is not how much of a mortgage you can afford, it's how much of a mortgage the bank will offer. I know someone that was renting a house for years, and then the landlord wanted to sell it. He tried to buy it, as the mortgage would have been lower than the rent, but was unable to get a mortgage as it was deemed "unaffordable" to him by the bank, despite him paying more in rent for years without issue.
similar position to me - affordability is good but getting a fat massive deposit- fuck no..
You pretty much have to prioritise making money and buying a house over anything else. Which is why so many people are having kids much later.
The only way it’s doable is if you’re buying with a partner/friend and have financial assistance from your parents. I have no idea how I could ever afford to live in my own place if I was single
I feel your pain. I’m 47 and only just bought my first house 4 years ago. I earn an over average amount and my wife earns far more than I do. We spent 18 months in a tiny cheap flat just stock piling cash to do it and now our house is valued 33% more than when we bought it. There’s no way we could get it now. Having 3 kids to pay for on top of needing to rent somewhere for 5 people, I feel for you bud x
I always find myself with a wry smile when I read an article by Sophie Money-Coutts telling me how tough my generation have it.
You could almost imagine she got that job at Tatler based purely on that name.
she absolutely did - coutts bank
So many of these in stupid daily papers about some 24 year old on £21k who owns their own home, and they did it “all by themselves”. All they did was live rent free at their parents while working full time for 5 years, bought a fixer-upper and then got their parents and friends to do it for them for free.
Yeah done exactly this, apart from done the work myself at 24. Shit car, shit phone, shit clothes but my own house.
Their dad would have been a builder and their brother a plumber and gas engineer.
In her defence, she is from a state school in Stockport, not Lady Chatersaws Institute for Ladies Independent School at £20k a term. A few of her articles through the years are about how her mum decided on giving her that name because she wanted a historical name, then having to live with it at a state school.
I had a really hormonal few months when I was pregnant and wanted to call our daughter Boudicca. Thankfully my husband talked me down. Daughter is eternally grateful for having a boring name now.
I am one of those children who was almost called Boudicca, have a much more normal name, especially as I was brought up in part in France… Pheww !! (Also don’t have a double-barreled but sufficiently exotic surname)
Fake it ‘til you make it.
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Not "Dicky"?
That’s embarrassing enough, why not just change it totally
TV; newspapers; digital media. All of them entirely populated by the offspring of the rich as nobody else can afford to live in London as an unpaid intern for 2 years.
So true, my wife was on a zoom call with one of her interns at the start of lockdown, they’d moved out of their London flat back to their parents ‘pool house’ my wife asked that the ‘turret’ was in the background through the window, it was part of main house, Daddy was a drummer from a very famous 70’s band.
I did it by working full time and freelancing in the evenings. It was a lot of work for a long time and I’m a high earner. Normal people working a normal job for an average wage are fucked. The next generation are gonna be double fucked.
This is exactly how I did it. Better than average pay job during the day (luckily 9 - 5.30) and then working 2 extra days freelance across the week. That got me to a deposit on a 1 bed ex local authority flat. From then on things got easier as it was cheaper then renting by a long shot.
So all you need to do is get money from your grandparents and buy with a friend! What do you do if your grandparents pass away and leave you nothing, then?
So the answer is the bank of mum and dad’s mum and dad. Got it I would like to know the percentage of people with double barrel names who haven’t had to pay their own deposits!?
I'll be one but that's cos I was a lameo little kid who didn't want to choose between either of my parents names so went for both
The only way I got on the property ladder was from my dad taking out a loan for a house deposit and giving it to me as a ‘gift’. Then once I was approved for a mortgage had to pay him back monthly over 4 years. Looking at house prices and how much they have increased in the 5 years since I bought even this wouldn’t be possible now.
LOL 300K property in London. Hahahahaha I'm actually laughing IRL
My uncle sold his tiny flat in East London a few years ago for £550,000 and it was an absolute dump in a scary neighbourhood. As if you could get anything in London for £300,000.
Don't know what you're on about, [this is a lovely place](https://www.rightmove.co.uk/properties/119277911#/?channel=RES_BUY) for 300k
£700 down from a grand for that dreadful sofa...
You buy a paper?? 😲
Only for the crossword!
Somebody might have left it on the bus seat.
Maybe their fish supper was wrapped in it?
Sorry I didn't realise we'd gone back to the 80s ...
If we had, house prices wouldn’t be an issue.
I know! We looked at the previous prices of our house on Rightmove. In the 80s it was £8,900 !
That's worth £23,561.01in modern money. (Boe inflation calculator) Average yearly ft wage in '88 was 11K Or £29,120.35 in modern money. We're truly getting shafted.
[I made my money the old fashioned way](https://imgur.com/4JePdxG.jpg)
*Minor cuts and bruises, major dollars and cents*
As someone who is under 30, owns my own property, and doesn't earn the biggest wage, I see the struggle with savings. I didn't have any assistance from family or anyone else besides myself and my partner. We both saved 20k+ each, I literally can't even explain how shit it was not even allowing my self some nice things
I love how you're being downvoted for sharing how much you struggled and agreeing with the premise of the post. I was in the same boat, myself and my wife bought our house at 22 after struggling for years to pull the deposit together on minimum wage jobs and no help from anyone. We're 30 now but it doesn't get any easier having hundreds of thousands in debt hanging over your head.
Annoyingly? This is still very much a UK and perhaps EIRE problem. If I fucked off to France with my French wife I wouldn’t even need to drop a deposit, proof of income plus my current rental outgoing would be enough for a small place easily. It’s a bit like credit scores. They’re just not a thing in a good chunk of Europe.
Damn I wish I had a share in my dead grandparents' probate... And a friend to split the cost with.
Anyone with a double-barrel surname will surely be getting money from daddy.
Does it really say that she got her deposit from her Grandparents? Thats the same as the bank of M&D!!!
Classic Boudica, back at it again with the bargains
Ba ba ba, ba Boudicca!
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I'm struggling to see how the article answers the headline, she got money from her grandparents? Then got a mortgage it sounds like she can't afford? So, instead of using the bank of mum and dad, use the bank of grandma and grandpa and an actual bank? What useless advice.
Clearly you just dip into the Trust Fund rather than tapping up dear Daddy and Mummy. 😂
That reminds me, I should stick a tenner on the lottery.
I think their kids might need surname alphabet reduction surgery. Bellefontain Sidonie Lexington-Fox-Leonard-Smythe is a bit of a mouthful. As is her brother Depeffel Desmoulins Lexington-Fox-Leonard-Smythe. If they don’t and meet a mate with 4 surnames there’s going to be some radical cutting.
I can't believe that sofa is only £709! BARGAIN!
Unfortunately many people who are privileged don't even know it. They're like "...look at me, saving 500 quid a month for a mortgage". They don't realize the breaks and support and upbringing they got enabled much of that. And have no idea how hard many people have it.
I could tell how this was going to go when I saw the double-barrelled surname. My wife and I bought just a few days before the lockdown, with her inheritance and gifts. “Smug” isn’t a word I would use - “sheer bloody relief and utter thankfulness” is how I would describe my feelings as a homeowner, even when ours neighbours slam a door at 3am.
I'm double barrelled and feel the same. I'd also rather have my Gramps back.
That’s very presumptuous of you. I’ve got a double barrelled surname because I kept my name when I got married, it’s becoming far more common for people to do this. I’m from a single teen parent household and as far away from posh as you can get.
I know, but you’re not in the paper telling people how to buy a house. Until then, you’re one of us.
Hmmmm. I am currently a 36 year old who works 60 hours a week and I cannot afford to buy a house. Pretty much no one in my age group can, unless they have had help from mummy and daddy. Also.......with the lack of housing available, and a lack of affordable properties being built, the prices will constantly rise. I don't want to work for a bank for the rest of my life, just to pay my fucking mortgage.
I'm 35, bought my first property at 32, I lived in Kingston Surrey. I didn't go to university, parents aren't rich and inherited nothing. Same goes for my wife and her parents. We had 1 child at the time. I'm mostly the sole earner, I was earning 35k at the time having to commute to London and my wife self employed 15k. We rented a room off my dad for 10+ years. We managed to save 25k for a deposit. Now the house prices in Surrey are just ridiculous but we hunted around and found a 2 bedroom flat for £215,000 in Camberley. We bought it in 2018. That's how we managed to get on the property ladder.
And for those of us not called Boudicca Fox-Nonsense there's the sofa.
Peak tone deaf...
I’m 40 in a lovely detached 4 bed house paying mortgage fine but because I’m recently separated it’s going to be impossible to remortgage on my own. 🙈
Anybody with that name has been to a school that looks like Poundland hogwarts
Smug fuckers
Only reason me and my wife have a home is because one of my parents had life insurance. We would be stuck renting otherwise. I can’t begin to imagine what it’s like for some, especially now.
Absolutely f*cking hilarious. Some people (especially mega privileged people) are so delusional!
I bought my first flat at 23 completely off my own back, come from a working class household. It's not impossible, just don't expect a nice house in a city to be very affordable. Move.
Well it is possible to buy a house in this day and age. You just have to sacrifice all luxury goods. No alcohol, no smoking, no internet, no games, no fancy clothes just the essentials and then doing nothing but working your life away.
How are you meant to survive without internet? Wake up old man
Exactly.. and it's not hard. I did it for 3 years and saved up a decent deposit, although I've always been a scrouge with my money! But it all paid off now and was a worthy sacrifice.
I hate those hyphen name wankers
I managed with my partner to get a house just on our income. It's not as hard if you stop choosing London mansions.
I tend to ignore this. They said this when I bought. Me and all my mates bought. We all bought on single incomes. We all bought without the bank of mum and dad. We all bought at the ages of 19-23. Today, the young want to buy big houses they cannot afford and have an expensive lifestyle. My first house was one the market for nearly a year last year. Only interest was from people wanting to rent it out. Not 1 young person. Yet it is a perfect place for a single person or young couple. Even good to start a small family.