Michael Cornerstone Finance
Region: GB
Friday 06 February 2026 08:21:51 GMT
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Maidenhell :
You all forget in the late 80’s / 90’s we were paying between 14 & 15 % on our mortgages some interest rates were higher depending on mortgage
2026-02-06 16:09:10
18
Chutzpah20 :
because people today expect to have everything. Foreign holidays, new cars, eating out all the time, latest iPhone etc etc. Boomers had to go without all of that to pay their mortgage at 15% interest.
2026-02-06 12:01:36
9
ScotsmanSouthOfTheBorder :
What do you want them to do, sell their house for the same price as a 1 bed flat two streets over?
2026-02-06 12:42:55
12
123ThornABC :
We've spent decades treating houses as investment vehicles not homes. This is the inevitable outcome.
2026-02-06 13:30:54
16
Sir Herald of Anticock :
the boomers are mentally not well... they can't accept their high interest rates and low property prices are STILL better conditions that today's situation... worse generation of people since Sodom and gomorrah
2026-02-07 15:38:08
0
CHR1S :
Make sure you sell your property at same price u bought it 25 years down line
2026-02-06 12:13:47
9
user695024179471 :
But it's worth £1.5m, why did you low ball them?
2026-02-06 12:27:30
11
Sigard :
Not the fault of boomers! They just lived their lives, blame the deregulation of banks and the other sordid policies that successive governments have introduced to make peoples lives more difficult.
2026-02-06 14:31:11
4
cris :
so when you resell years later you'll just give 🙄 it away then
2026-02-06 11:07:48
7
Peony73 :
It doesn't matter what someone paid for it and when, what matters is current market value
2026-02-06 11:24:08
8
Michael Cornerstone Finance :
Who has had experience of this? I want to know the most extreme example so comment below
2026-02-06 08:22:58
0
decorsmed19 :
they've probably spent £300k on it over that period, new kitchens, bathrooms, windows etc etc so it's not right to just compare purchase price...
2026-02-06 17:10:53
0
SocialStew :
I bought my first home for £20k in the 1980’s now worth £100k, we aren’t all in London and the South.
2026-02-06 11:16:09
4
Stethobro :
Thats why we have quite a few boomers on our payroll. Work for your generation
2026-02-07 15:40:49
0
dundundunonetwothree :
maybe the house they want to move to is £1.5m, so selling it for less they would not be able to move?
2026-02-06 11:45:47
1
dawnpayne1974 :
Brought my second house in 1997 for £76k it’s now worth over 400k
2026-02-06 16:31:47
1
Stevooooooo :
360 sold for 700 2 years later
2026-02-06 18:08:39
1
u know it ... :
The price is the price, do you want it or not ?
2026-02-06 19:46:19
1
Smudger62 :
Bought ours for £19,000 in 1981 sold it for £510,000 in 2017 having spent around £60k on extension/renovations. Upped sticks to north of Tenerife
2026-02-07 14:30:37
0
Nunk :
Listen up soft lad that 96k was serious money then
2026-02-07 15:51:45
0
Justjames1961 :
96k was a lot of money back then.
2026-02-09 22:07:04
0
lakeslife :
Inflation
2026-02-17 08:37:44
0
TheUpsideDownHouse :
our house had one owner. When we moved in they gave us the docs from when they purchased it off plan in 68. Inside was a receipt. For £4.2k. Means they sold it for 101x what they paid and they refused to take £15k off during negotiations 😂
2026-02-07 17:27:46
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Danny :
Great isn’t it
2026-02-07 16:36:04
0
luke_yorkshire :
If I had a 1.2million mortgage, I don’t think I’d ever sleep 😳
2026-02-06 12:42:33
0
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