My dad migrated to London in the 70s and bought his first property in London around age 26. He didn't have a degree but did get a professional qualification.
I ended up getting a good degree at a top uni and started my career at Amazon but definitely couldn't have amassed the necessary amount for a down payment for a place in London by the time I was 26.
By the time my dad was 35 he had two kids and my mum was a full time mum.
This doesn't sound remotely close to the reality of my numerous banking, lawyer, accountant, engineering and doctor friends.
The only people I know who are remotely close to being able to own a property in London and have only one breadwinner work in hedge funds.
You can't compare London from back then to London today though. In terms of its place among cities around the world, it's a different place now.
There certainly would have been locations where your dad would not have been able to afford property, and conversely there certainly are places where you can afford property.
Point being, things change, but this anecdote doesn't illustrate that you're worse off than a previous generation.
Of my friends only one set lives in London and I have no idea how they afford it, one or both of them must be on silly money and it’s pretty clear most of the money must go into the mortgage. I started my career is a very cheap part of the UK so I sort of have to carve London out of any generalisations I make.
I ended up getting a good degree at a top uni and started my career at Amazon but definitely couldn't have amassed the necessary amount for a down payment for a place in London by the time I was 26.
By the time my dad was 35 he had two kids and my mum was a full time mum.
This doesn't sound remotely close to the reality of my numerous banking, lawyer, accountant, engineering and doctor friends.
The only people I know who are remotely close to being able to own a property in London and have only one breadwinner work in hedge funds.