Asking the oldest place in the UK how to buy a house | Extreme Britain
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Published 2024-01-19
But whether the housing crisis that faces young people is because we’re too busy wasting money on avocado lattes and OnlyFans subscriptions or because it would take over 50 years to deal with our housing deficit, what’s clear is we really need some advice on buying homes.
And who better to ask than old people?
Ed Campbell went to the oldest place in Britain to find out.
Reporter: Ed Campbell
Camera: Harry Ainsworth
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All Comments (21)
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I hate that "£5 coffee" line. Like their generation didn't piddle half their pay check down the pub urinals while smoking like chimneys.
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To be fair, these old timers are absolutely right. I didn't buy a £5 coffee today and, would you believe it, I came home to find £34,000 in my bank account for a house deposit.
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I stopped buying £5 coffee years ago, don't smoke, and don't drink alcohol. believe it or not, I still don't have a deposit for a house. I think the older woman who sold her home for £600k is really switched on and upto date on the real situation in this country.
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The guy in the blue jacket had both a brain and empathy. Good man.
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The average house price in the UK is £300,000. That's 9 times the average salary. When I bought a house 30 years ago, a house cost 3 times the average salary. Skipping a few costa coffees is not gonna bridge that huge gap. Wages in the last 30 years have gone up 20%. House prices have gone up 400 to 500%.
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The lovely woman at 4:52 in navy coat and scarf who commented on young people, especially single parents "who don't have avocado on toast, they would be lucky to afford a piece of toast" is spot on. Every question she answered and comment she made, was well measured and compassionate, fabulous woman ❤
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01:57 - In case anyone is wondering: £2,500 in 1972 corresponds to £28,337 in 2023. (Source: Bank of England)
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Nice to see that old lady being interviewed who nailed the situation. Just shows how there's still smart people out there.
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Blue jacket man is the voice of moderated reason here. Recognises the incongruence between his virtues and reality. Very refreshing to see
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Back in 1981, as a 19 year old hospital technician, I was able to buy my own home with a mortgage that was two times my salary. Fast forward to 2024 and my son, an academic at Oxford, has professional colleagues who can only afford to rent a room in a shared house. My son has only been able to buy an apartment because we helped him.
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The guy at 6:13 is spot on. Why should we have to spend almost our whole working lives eating beans on toast and drinking water, not having a life, not having kids (can't raise them in a flatshare), and missing out on any kind of meaningful experiences? We live in a first world country in the 21st Century. What's the point of capitalism if it's led us here?
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"Cut down uhh 3 takeaways a week and you'll be fine" the level of detachment from reality is palpable
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This woman saying that years ago, people had to save their money to afford a deposit, immediately after saying that she only got her first home because her mother passed away. It's absolutely mind boggling.
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That old lady is so sweet. In fact, most of the people interviewed showed a great deal of compassion, which was refreshing to see
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6:10 the best description of life on this video. You can't throw away the best years of your life just so you can hopefully afford a house 20 years from now.
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Couple in the blue jackets (Light/Turquoise) nailed every answer. Thoughtful, understanding and willing to share their genuine opinions. Top stuff
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Some older people really are clueless, but you did a good job in showing that many are understanding and thoughtful.
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Please protect the lady with the navy coat and blue scarf. She gives me hope that there are older generations out there that do understand our situation.
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Drinking £5 pound coffee each day for 16 years and I can afford average house deposit of £30000, thanks gradpa! ...but then average house price increase is £17000 a year , then there is a stamp duty, report survey costs, solicitor costs, moving in, furniture ...so yeah if I don't drink £5 coffee for 50 years I'll get on that property ladder
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The last man on there was spot on about short termism, it all goes back to Thatcher, she was the architect of the short termism we see today.
