Housing at its most AFFORDABLE level for more then six years

davilown

Dan: wrote: »

I said 'maybe' they should as an option. If you want something bigger and better you need to earn the right money, so need to be in the right, hence need to be appropriately trained.

Buying a house as a FTBer is not going to be easy, and it never has been.

Out of interest, what does a joint income of £55k with no debt and two kids get you?

ukcarper

inspector_monkfish wrote: »

no it doesn't

very good like it

Phirefly

inspector_monkfish wrote: »

they are the fortunate ones, and good luck to them
there are many that still can't

They're not THAT fortunate... I suppose they are in as much as they haven't had to overcome unthinkable adversities but they're certainly not priviledged. She works in a call centre doing the kind of job anyone who can write their own name can do and he's worked his way up from an apprentice, they've not been given any parental financial support and they've not really had to scrimp and save that hard either, they've just decided not to have kids for a couple of years and tried to save a bit every month for the last few years.

davilown wrote:

I'm trying to say I believe that it is still too expensive for regular earners like myself (near impossible for single nat ave earnings) to be a FTB in the current climate. IMO the people who are buying at the moment are those who have money in the bank and those who are able to utilise goverment schemes ie equity loans.

I'd say they are 'regular earners' and as much as I dislike the term, they are average people with average jobs commanding average salaries who have bought an average FTB house in an average area without too much trouble. I don't believe they are some outrageous exception either.

lostinrates

Dan: wrote: »

I said 'maybe' they should as an option. If you want something bigger and better you need to earn the right money, so need to be in the right, hence need to be appropriately trained.

Buying a house as a FTBer is not going to be easy, and it never has been.

I agree with this. And indeed, its a decision DH took, to change career to enable a secure standard of living. Its a tad frustrating to have had the floor drop out of the economy as this came close to fruition for us, but thats life and we're still among the lucky (ish)ones.

Dan:_4

davilown wrote: »

Out of interest, what does a joint income of £55k with no debt and two kids get you?

216k..........

inspector_monkfish

Phirefly wrote: »

They're not THAT fortunate... I suppose they are in as much as they haven't had to overcome unthinkable adversities but they're certainly not priviledged. She works in a call centre doing the kind of job anyone who can write their own name can do and he's worked his way up from an apprentice, they've not been given any parental financial support and they've not really had to scrimp and save that hard either, they've just decided not to have kids for a couple of years and tried to save a bit every month for the last few years.



I'd say they are 'regular earners' and as much as I dislike the term, they are average people with average jobs commanding average salaries who have bought an average house in an average area without too much trouble. I don't believe they are some outrageous exception either.

:wall::wall:

inspector_monkfish

davilown wrote: »

Out of interest, what does a joint income of £55k with no debt and two kids get you?

...in debt

Phirefly

inspector_monkfish wrote: »

:wall::wall:

Why? Just because it doesn't sit comfortably with reality as you perceive it? I'm just presenting the facts as they are in this particular case.

StevieJ

ukcarper wrote: »

I still can't understand this 3.5 figure

I am not sure why we should have the same multiple at 5% interest rates as 15%

System

FoxtonsRIP wrote: »

Dan has a GCSE in woodwork so sorry Buddy you lose.

I really don't understand your responses, nothing but insulting remarks against a person who posted an article written elsewhere, and then you have the audacity to call him desperate?

Good one.