In researching for this season on Millennial finance, one of the biggest messages that comes across is the likely significant reduction in the number of young people who will be able to buy a house. That may well be true, but I have a sneaking suspicion that, like many of the challenges faced by millennials, this may be another one which can be addressed with some discipline, good habits and laser focus.

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Millennial Challenge #3 – House Prices

They say that an Englishman’s home is his castle. Not sure what that means for folks of any other nationality, but still… Is buying a house really as challenging as people say it is? Well, potentially, but we need to armed with what we need to KNOW about the situation and what we need to DO, before we write off the whole idea as a waste of time and mental energy.

Resources mentioned in this episode

Information: Shared ownership schemes

Video: We were so poor…

Calculator: How long will it take to save a house deposit?

Information: Improve your credit score – Money To The Masses

Video: Shared Ownership: Problems Halved or Doubled?

Sources: UK Home Ownership Stats, EU Home Ownership Stats

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