3x income

Pobby

Thanks for the links. Keep `um coming!

seven-day-weekend

Graham_Devon wrote: »

When you think that one wage often bought a house a few decades ago, and hat one wage was average, it shows our problems...or not problems as such, but expectations these days that you got to earn a lot more to have your own home.

Things have changed now though, our expectation have changed, and I don't think the OP's friends will be buying a house for sometime yet, unless of course they live in one of the cheapest areas of the country.

We bought a large two-bedroom flat in a decent area on solely my wage when I went back to work full-time in 1996 - it was not quite three times my salary at £33,500 (I could have borrowed £36,000). I had a 90% mortgage.

This was in the West Midlands, fifteen miles from Birmingham.

So it was possible that recently.

(In the same development as this one, but ours was nicer and had a back door to the communal gardens
http://www.rightmove.co.uk/property-for-sale/property-17546050.html?locationIdentifier=POSTCODE%5E1285826&minBedrooms=2&maxPrice=90000&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DPOSTCODE%255E1285826%26radius%3D0.0%26displayPropertyType%3D%26minBedrooms%3D2%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D90000%26maxDaysSinceAdded%3D%26retirement%3D%26partBuyPartRent%3Dfalse%26_includeSSTC%3Don%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26auction%3Dfalse%26x%3D59%26y%3D12 )

pawpurrs

MrsE wrote: »

Even 38k x 3 won't get you on the property ladder in the south east (not even in the less sunny side of town).

The average house price in the south east is far greater than the average wage x 3 in the south east.

Thats why the giv brought out schemes for key-workers, because they couldn't afford to live & work in the south east on "normal" wages.

Actually it would with a 10% plus deposit, plenty of nice FTB propertys, in nice villages and in towns like Hastings, Maidstone, medway towns, Ashford etc?

pebblespop

MrsE wrote: »

So what do you do if you live in the south east?

Should anyone earning less than 50k move north?

Who would do the "normal" run of the mill jobs in the south east?[/QUOTE]

people who live in rented houses!! :rotfl:

pawpurrs

81 properties in Hastings under £130k, very nice houses too.
In villages just outside a lovely Grade 11 Listed cottage for 120k a flat in a lovely village for 80k.
157 properties up to 130k, I could go on.............

MrsE_2

pawpurrs wrote: »

Actually it would with a 10% plus deposit, plenty of nice FTB propertys, in nice villages and in towns like Hastings, Maidstone, medway towns, Ashford etc?

You can get a house for £127,000 in the Medway can you?

The ONLY part of the UK in the south east that could be classed as deprived I think, Hastings & the Medway.
Interesting all those places are in Kent the cheapest area in the south east & the worst for commuting into London from (I guess that has a lot to do with its cheapness).

I don't believe you can get a house in any nice villages for £127,000.

I don't believe there is a normal (not shared or retirement) in the whole of Surrey for £127,000 or less.

Really2

So It looks like the south have !!!!!!ed up the economy.;)

ess0two

Pobby wrote: »

Thanks for the links. Keep `um coming!

Heres what 250k gets you in admittedly the best area imho.

http://www.rightmove.co.uk/property-for-sale/property-20857213.html?locationIdentifier=REGION%5E1155&minPrice=250000&maxPrice=260000&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DREGION%255E1155%26radius%3D0.0%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D250000%26maxPrice%3D260000%26maxDaysSinceAdded%3D%26retirement%3D%26partBuyPartRent%3Dfalse%26_includeSSTC%3Don%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26auction%3Dfalse%26x%3D59%26y%3D22

MrsE_2

How lovely is this
http://www.rightmove.co.uk/property-for-sale/property-22854326.html?locationIdentifier=REGION%5E6069&sortByPriceDescending=false&displayPropertyType=houses&radius=1.0&secondaryDisplayPropertyType=detachedshouses&oldDisplayPropertyType=houses&oldSecondaryDisplayPropertyType=detachedshouses&retirement=false&pageNumber=3&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E6069%26sortByPriceDescending%3Dfalse%26displayPropertyType%3Dhouses%26radius%3D1.0%26secondaryDisplayPropertyType%3Ddetachedshouses%26oldDisplayPropertyType%3Dhouses%26oldSecondaryDisplayPropertyType%3Ddetachedshouses%26retirement%3Dfalse%26index%3D20
& its in the village I would like to live in (handy for Crawley, Reigate, M25 & M23)

Really2

If you are after a large property this one is about this.

http://www.rightmove.co.uk/property-for-sale/property-24523619.html?locationIdentifier=REGION%5E211&radius=10.0&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E211%26radius%3D10.0

Reasonable garden to.:D