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Originally Posted by bonzoe
I note that you are aged 33. Do you really think that assets come so quickly? Just wait 30 or so years and you may be surprised.
I think that you will find that the baby boomers were not asset rich at your age.
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No, but I expect to at very least have been able to start on the ladder acquiring them. The major casualty is of course social mobility, those born into relative, although not absolute, wealth are ok. If you aren't and merely have your own work to rely on rather than your parents you've no chance.
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“Now new research based on CML figures shows the average age of first-time buyers who can get help from their parents has fallen to 27, while first-time buyers who are not lucky enough to have rich parents have to wait until they are an average of 37 years old.”
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Doesn't leave a hell of a lot of time to raise a family when average person without parents with money can't get stable housing until they're 37. It's an absolute unmitigated disaster.