Politicians are all too aware that a metaphorical poverty freight train is coming for a generation of renters, but can a collision be avoided, asks David Taylor.
Well, that was kinda me and my wife. Definitely nothing from any of our parents, plus we both walked away from a couple of shitty marriages with little to show for it.
The only real upside is that I have a good career with a good income, and we were able to get (back) into the mortgage market as we hit our 40s. Not where we wanted to be, but at least we’re plugging away at it.
The bit that’s bleak is that, according to our rates notice, our property’s gone up 50% in the 8 years we’ve been here. Wage growth has been nowhere near that over the same period, if at all. So any dreams the next generation (our kids) are having about getting into their own property is getting further and further out of reach.
I’m resigned to the fact that it’ll probably be a very long time before we’re empty nesters.
Well, that was kinda me and my wife. Definitely nothing from any of our parents, plus we both walked away from a couple of shitty marriages with little to show for it.
The only real upside is that I have a good career with a good income, and we were able to get (back) into the mortgage market as we hit our 40s. Not where we wanted to be, but at least we’re plugging away at it.
The bit that’s bleak is that, according to our rates notice, our property’s gone up 50% in the 8 years we’ve been here. Wage growth has been nowhere near that over the same period, if at all. So any dreams the next generation (our kids) are having about getting into their own property is getting further and further out of reach.
I’m resigned to the fact that it’ll probably be a very long time before we’re empty nesters.