as a millenial, life ends at 18

I just whacked 2x £10k salaries for a joint mortgage in the Barclay's calculator. It said they'd lend £80k.

Obviously there will be affordability checks but we've no way of knowing an individual bank's requirements for those as it really does depend on the circumstances.

What about single people though? And even for couples I dread to think of how much they would be paying out from an already low salary. I doubt they would pass the credit and lenders check to be honest the mortgage underwriters will know better as they are supposed to lend responsibly (especially now, post financial crisis), and the online calculator would mean very little.

As for 80K houses I don't think there will be nearly enough of them going for those on national minimum.

None of that suggests any of your initial post to be correct.

Anyone earning even minimum wage working full time can afford to buy a house in the UK.

What about single people though?

And even for couples I dread to think of how much they would be paying out from an already low salary.

I doubt they would pass the credit and lenders check to be honest the mortgage underwriters will know better as they are supposed to lend responsibly (especially now, post financial crisis), and the online calculator would mean very little.

As for 80K houses I don't think there will be nearly enough of them going for those on national minimum.

Who is going in pay you then?

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Single people don't need houses obviously, rent a one bed flat or share with a bunch of other people, the fact you likely don't have any family commitments means you can move to where labour is in demand anyway, this saves houses for people who want to buy as couples. Win win.

Single people don't need houses? Well indeed they may not need a 2+ bedroom property. And what about those who have lost their families or are divorced? Are they meant to shack up in a flat share for the rest of their lives or be obliged to pay rent with no rights to own property? I believe it is a human right to be allowed to own property regardless of whether you have family or not.

Completely depends where you live. At 18 i could by a flat if I moved to the other side of the country- however I would have no friends or family around me. In the south owning a property is a far of dream, even renting one is too expensive for some students.

If they die and you haven't paid it off, well touch luck.

I believe it is a human right to be allowed to own property regardless of whether you have family or not.

No-one is taking away your right to own property. But that doesn't mean anyone needs to give it to you.

I was responding to whorace, who said single people don't need houses.

If you get divorced and you haven't already got your house,

- You should have invested in a better partner
- You should have been a better partner
- You should move back into a one bedroom property

If they die and you haven't paid it off, well tough luck. If you want to own property make enough money to buy it.

Nowhere did he suggest they didn't have a right to own a house :s

He said they don't need them, I said they had a right to them.

It's not that simple. Property prices are increasing much faster than wages. According to the CEBR house prices will jump up another 50% in the next 10 years, mostly due to shortage in housing supply and increase in population. Even many on good professional wages cannot afford to buy today. The fact is that there is a housing crisis in the UK and I'm sorry but many millennials will never be able to afford property.

So what? As long as they have a place to live and suitable living conditions, the market is saturated it needs cheaper alternatives which the new generation can afford. Property ownership was so last century.

i will probably never be able to afford to leave home until im 30

i will be a ****ing old bastard by the time i can be indepedent and start having a life

lay down and rot guys

Indeed, ownership was last century. I don't personally mind, I'm happy with renting. However, it is ludicrous to suggest that home ownership is a slice of cake for millennials or that simply anyone can own a home and that they banks will now hand out mortgages like sweets.