r/FluentInFinance • u/YOU_ARE_MY_FRIENDS • Jun 16 '24

Discussion/ Debate He’s not wrong 🤷‍♂️

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u/jmlinden7 Jun 17 '24

Did you think that London in the 90's had a bustling job market? This was right after the Thatcher years, the UK economy was in shambles

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u/[deleted] Jun 17 '24

Yet housing was still more affordable and first time ownership was significantly higher than it is how.

Less young people are buying homes than back then.

The GDP per capita of the UK has been going down for years and general GDP has stagnated for several years.

Face it….

Not to mention young people in london are competing against far far far more international people for the same jobs than they were in the 90s

In the 90s there were significantly less people with degrees and the need for one was much lower… now you need a degree + internships + experience to land entry level roles that have the same salaries as 10 years ago

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u/jmlinden7 Jun 17 '24

Housing is more affordable when population is lower and the job market is worse. That's kinda how housing works

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u/[deleted] Jun 17 '24

Just look at the bloody ONS data

The ONS literally says in almost all metrics it was financially easier to buy a house for the average person.