How times have changed....

chucky

Graham_Devon wrote: »

Don't think they are looking to settle down in a 2 bed flat, tbh.

where i was trying to go with that Mr D was that in 2006/2007 it would have been an higher average age to get onto the housing ladder. in 2009 it will be lower.

just as it would have been in 1993 compared to 1999.

Austin_Allegro

adrian_bond wrote: »

hi everyone,

just to put my long term pain it into perspective.....i bought a 1 bedroom flat in norwich city centre for £103000, in april 2007. luckily we only borrowed 2.7 x our joint wages tho so we are pretty comfy at the mo, plus i can afford to send the missus back to uni to do a masters, so should be quids in in two more years.

pretty worrying stuff tho. if its right about house prices doubling every 7 years then my kids (when i have them) will have to earn megabucks to afford a shed, let alone somewhere worth living.

what can we do to prevent it?

I think you'll find it's already been prevented by the biggest financial crisis since 1914, if not ever....

nearlynew

All the p1sstakers on this thread, in their ignorance have failed to grasp a simple fact.............

INFLATION IS THEFT



It's like being pickpocketed and never noticing.............

ever

harryhound

Graham_Devon wrote: »

Don't think they are looking to settle down in a 2 bed flat, tbh.

If you really want to get a historical perspective on living conditions, just check out the census figures.

Mum Dad & "little emperor(ess)" in three rooms, is luxury living by historical standards. That is assuming an uninhabitable "galley" kitchen & bathroom. Even the posh houses could be at similar levels to mum dad and kid in a 2 bed flat (Part of the problems being the inability to control the "master" & "mistresses" fertility supported by a large group of below stairs "in service" staff, part of whose contract was to refrain from procreation.)

It is only really in the 1900's that we have had over-crowding defined in terms of the number of people per "habitable" room (there again the definition of "habitable" is a variable feast) .

http://www.wirksworth.org.uk/B80-OVER.htm
http://resources.peakdistrict.gov.uk/pubs/planning/housing/appendix4.pdf
and what we tell the sheeple in practice:
http://www.northwarks.gov.uk/site/scripts/documents_info.php?documentID=263&pageNumber=5
and how we spin the current situation (tiny rooms anyone?):
http://www.communities.gov.uk/documents/housing/pdf/10.pdf

Harry

If you ever get a chance to go to the world heritage site at Iron Bridge near Telford on the River Severn ("birth of the Industrial Revolution" ?); check out the squatters' residence - it is a sort of wigwam built on half height walls of stone/clinker lumps with rafters made of split ash trunks - then find out how many persons called it home.

Yakubu22

I agree that the rate of House Price inflation can't race ahead of Wage inflation indefinitely, otherwise houses would stop becoming affordable (in any sense of the word). After the credit bubble of the last 5 years, this is how the markets stabilise. Which is why I cant see house prices booming again for a long time. The after effects of the credit crunch/recession and subsequent government action will ensure there is a slow simmering of pain

The_White_Horse

this is what happens after 12 years of lefty rule. the country is bankrupt and house prices are 4 times what they should be. all this nonsense could have been stopped by Brown raising interest rates (he could have, even though bank of england is independent - yeah right). But he wante dto build his economy on debt. the man is a fool. and a liar.

loueyn

My parent bought their first house for £3500. They were earning 1800 and 2100 a year each.

Now I earn 18000, my partner earns 21000, if the stick a nought on it logic applies the same house would now cost £35000. The one next door just sold for £105,000. Madness.

ess0two

Graham_Devon wrote: »

This thread don't actually mean much to be honest.

The fact that the average first time buyer is now around 35 has more relevance on how stupid house prices have got, IMO!

Or possibly too well looked after a home by parents,then complain that its impossible to buy when they do leave cos they aint prepared well enough.

Its a bitter pill to swallow,when you have to do your own cooking,cleaning,pay bills........when your used to paying £200 a month keep.

bo_drinker

All the property !!!!!! programmes and the like telling everyone prices will only ever go up and folk jumped on the bandwagon asap and so they kept on rising the bang reality kicks in and it all goes t1ts up. I find it funny really.

Graham_Devon

ess0two wrote: »

Or possibly too well looked after a home by parents,then complain that its impossible to buy when they do leave cos they aint prepared well enough.

Its a bitter pill to swallow,when you have to do your own cooking,cleaning,pay bills........when your used to paying £200 a month keep.

Erm.

Well, no.

Ever wondered why you bulls want to keep ramping the market? Surely it's so you can keep those who can't afford to buy a home in your rentals?

Pathetic post by the way.