A Political Thread pt. 2

[ncurd]

Well there's other data around that contradicts that to an extent but even if we take that as read, there's context behind the bald numbers.

Back in the day, there weren't many lenders bar traditional banks and building societies and they had stringent lending conditions to the extent that people with excellent credit records and good money in the bank and sometimes personally known to bank managers, weren't guaranteed to get mortgages at all. Much more risk adverse with tighter criteria than now, affecting people who you'd say were pretty safe bets with reasonable incomes and good safe jobs.

And then all that data is based on dual incomes. Commonplace now, but not so far back in history (and like it or not but this is how it was….) the assumption was that a wife wouldn't work at all or in any meaningful way after children came along. So lending was usually restricted to 3 times the husband's income and if the wife's was taken into account at all it was 1x (and good luck getting a joint mortgage if you weren't married). So that comparison doesn't wholly stand.

And then there are massive regional variations.

I'm not saying it's not very difficult now and when I'm Prime Minister I'll tax second home ownership to destruction - I see that as a real problem. But nor am I having it that it was always a cakewalk in the past, because it just wasn't.

I dont think any that context proved your point at all. Let's summerise.

People on average needed a significantly less mortage deposit relative thier wages. Mortgages weren't guaranteed but that just led to needing a still significantly less deposit with lesser motgage. People were still buying houses at 9 years younger than the current generation and the time to save a deposit has increase from 3 months to 11 years and months!

A secondary partner didnt have to contribute to a mortgage because they were expected to stay at home. So now both partners have to work and they have significantly less buying power! Yeah you guys had it so ******* bad. I bet my sister loved working nights at service station when her kids were little because she couldn't afford childcare....in her profession of *looks up notes* ah yes early years childcare!

If you want to dispute the figures I posted please post a source.

 

[ncurd]

Dunno what you mean by tighter criteria now either since the sub prime mortage crash. Criteria has skyrocketed! Why? Because the the sub prime mortage crash was cause by *drum roll* giving mortages to people who couldn't afford it.

 

[Saintjay]

Population size vs housing supply makes a massive difference. The amount of people going to uni was significantly less, the benefits system vastly different and the jobs market, way higher unemployment

Any body thinking the 1980's were some sort of utopia are kidding themselves.

Going further back my grand parent's had relatives sent to work houses, or like my grandfather's family of eight lived in a three bed house and they didn't have shoes as kids. Tbh the 20's - 40's always sounded pretty grim to me

I think there are way more factors to how 'good' life was than if you can afford a house.

 

[Welsh Exile]

Owning houses is for losers anyway. Invest that deposit on some crypto instead, bro. Way better investment.

 

[ncurd]

Population size vs housing supply makes a massive difference. The amount of people going to uni was significantly less, the benefits system vastly different and the jobs market, way higher unemployment

Any body thinking the 1980's were some sort of utopia are kidding themselves.

Going further back my grand parent's had relatives sent to work houses, or like my grandfather's family of eight lived in a three bed house and they didn't have shoes as kids. Tbh the 20's - 40's always sounded pretty grim to me

I think there are way more factors to how 'good' life was than if you can afford a house.

I think more the mid to late 90's sound pretty damn good.

Wealth inequality is what were talking about here really. I dont think many people arent saying quality of life in general isn't better.

 

[McTallshort]

I think more the mid to late 90's sound pretty damn good.

Wealth inequality is what were talking about here really. I dont think many people arent saying quality of life in general isn't better.

Things were a lot more. ...... violent back then

 

[ncurd]

Things were a lot more. ...... violent back then

You were in the army!

 

[McTallshort]

You were in the army!

Yeah but civvy street wasn't a cake walk either. 90s and 00s would be in my head without looking at the stats the most violent time in Britain post WW2

 

[ncurd]

Yeah but civvy street wasn't a cake walk either. 90s and 00s would be in my head without looking at the stats the most violent time in Britain post WW2

Doesnt most violent crime drop off massive mid 90's?

Yeah! About the time they took lead out of petrol apparently.

 

[ncurd]

Should note early 00's is the only time I got beaten up outside of school. So it definitely tracks for me.

 

[McTallshort]

Doesnt most violent crime drop off massive mid 90's?

Yeah! About the time they took lead out of petrol apparently.
View attachment 24134

Think the lead took a bit of time to work it's way out...I know Nottingham was a free for all back then. Lots of gun violence

 

[Saintjay]

The difference is probably socialising and meeting people generally involved going out or down the pub. Blocking someone meant putting your hands in front of your face.

Now we all fight on social media and have a block button.

 

[ncurd]

The difference is probably socialising and meeting people generally involved going out or down the pub. Blocking someone meant putting your hands in front of your face.

Now we all fight on social media and have a block button.

Probably the fact you can't go out and get plastered without taking out a mortage is contributing factor

 

[Welsh Exile]

Problem as well is that you’ve got all these women out in the workplace and not in the kitchen.

 

[McTallshort]

Probably the fact you can't go out and get plastered without taking out a mortage is contributing factor

Obviously never heard of Wetherspoons

 

[ncurd]

Obviously never heard of Wetherspoons

Sure have! Lukewarm **** beer that's about to off.

 

[Bada-Bing!]

Owning houses is for losers anyway. Invest that deposit on some crypto instead, bro. Way better investment.

You reporting your gains to HMRC then?

 

[Welsh Exile]

You reporting your gains to HMRC then?

Do I come across as a complete loser?

 

[Bada-Bing!]

Do I come across as a complete loser?

Dunno just checking. A lot of investors don’t.

 

[Welsh Exile]

Dunno just checking. A lot of investors don't.

I’m only messing. I can barely turn on my laptop without it giving me a headache so crypto is a bit beyond me.