I think most of us started with hand me down furniture,
Most young people still do. Don't listen to what the Daily Wail would have you believe about kids these days and simply go and talk to the people running your local furniture bank.
2 other things not mentioned yet:
1. Banks often won't deduct the cost of rent from your ability to pay a mortgage. If you are paying £800 a month in rent they won't take it as evidence that you can afford £800 a month on a mortgage. I know this because a couple of my friends are caught in this trap.
2. We didn't have massive student loans around our necks. If you're on Plan 1 you have to start repaying when your income exceed £20k a year and is 9% of your income. Imagine if your income tax was set at 49% instead of 40%.
The idea that young people can't afford to buy a house because they spend all their money on iPhones, smashed avocado on toast and pumpkin spiced lattes is just a total nonsense and would be revealed as such by a 5 minute conversation with any young working couple. Sorry and all that, but the notion that 'Boomers had it tougher and we did ok' is simply not borne out by the facts.
Tim H. 1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
