How times have changed....

MrDT

ess0two wrote: »

Softlad you claim,people are still at home at 35 not me,p rick thats an insult.

When did he claim that?

Graham_Devon wrote: »

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

You do realise that people don't have to buy when they move out of mummy and daddys house right?

The average FTB being 35 in no way equates to the average person living with their parents until the age of 35 :rotfl:

nearlynew

Yakubu22 wrote: »

Exactly right...My parents paid the same amount for their first home.
I wish I could buy the equivalent house in todays market for the combined income of my partner and I.

Basically trying to find a 2 Bed Semi in a nice location for £55K is just impossible. But yet some people tell us this is a myth and people have always borrowed 3-5x their combined salaries for a mortgage

The tragedy is that people cannot see inflation for what it is...........

THEFT

It is the silent pickpocket. stealing from you without you noticing.

Graham_Devon

ess0two wrote: »

Softlad you claim,people are still at home at 35 not me,p rick thats an insult.

Erm, right. Ok.

You were talking nonsense before, but I have no idea what you are even saying now.

So take it you have no evidence of what you said, you just didn't like what was said about the people being 35, therefore house prices have got ridiculous comment as it didnt suit you?

ess0two

MrDT wrote: »

When did he claim that?



You do realise that people don't have to buy when they move out of mummy and daddys house right?

The average FTB being 35 in no way equates to the average person living with their parents until the age of 35 :rotfl:

So their either at home or renting,to which neither was originally implied.

ess0two

Graham_Devon wrote: »

Erm, right. Ok.

You were talking nonsense before, but I have no idea what you are even saying now.

So take it you have no evidence of what you said, you just didn't like what was said about the people being 35, therefore house prices have got ridiculous comment as it didnt suit you?

And the evidence you supplied everyone is renting and unable to buy until 35.

Graham_Devon

ess0two wrote: »

And the evidence you supplied everyone is renting and unable to buy until 35.

Firstly I never said everyone.

Secondly, do you REALLY need evidence that people are renting instead of buying as they can't afford to buy?!

Really!?

It's all around you.

gabyjane

See i must be missing something as i will use 2 friends as examples..friend 1 bought her house years ago and her mortgage was around £350 a month..years on and go to today and she has had a drop in mortgage, she earns more and her house is still worth more than she paid for it...
Friend 2 again the same scenario but only bought a few years ago..i think 2000..they always moan r.e their mortgage but i would kill for a £350 mortgage tbh..isn't that cheap when i know people paying around the £700-800 mark for thiers or rent where we live..
I am happy with ours and we pay 6% mortgage and i know even if things got bad we would cope..this is what its all about to me the future and not stretching ourselves to the point of not being able to live..

nearlynew

gabyjane wrote: »

See i must be missing something as i will use 2 friends as examples..friend 1 bought her house years ago and her mortgage was around £350 a month..years on and go to today and she has had a drop in mortgage, she earns more and her house is still worth more than she paid for it...
Friend 2 again the same scenario but only bought a few years ago..i think 2000..they always moan r.e their mortgage but i would kill for a £350 mortgage tbh..isn't that cheap when i know people paying around the £700-800 mark for thiers or rent where we live..
I am happy with ours and we pay 6% mortgage and i know even if things got bad we would cope..this is what its all about to me the future and not stretching ourselves to the point of not being able to live..

I'd love to help, but I'm not quite sure what you're missing or failing to understand.

Cissi

Hmm, 1996 to now... We bought our first house in that very year, and it's been a sobering thought to realise that we've agreed to pay exactly 10 times more for the house we're now buying than we paid back then :eek:

Ok, it's a very different kind of property: bigger house, larger plot, period house versus a 2-year-old newbuild on the edge of an estate (albeit a good area)... Oh and most importantly, Greater London versus smaller town - but still, that's a scary increase in 13 years.

I feel for anybody trying to start out today. I'm very much aware that while we've worked hard, taken risks and made sacrifices, we've also been lucky with timing. This has been possible for us partly thanks to originally buying at the right time, and partly due to some potentially risky business decisions working out in our favour - something that would be practically impossible in the current climate, no matter how entrepreneurial you are.

Even though we're in the middle of buying a house that represents most of our capital, I still sort of hope that the market continues to crash, to make it possible again for young, hard-working people to afford a decent home.

Cissi

Ooh, I like it when my post is at the top of a new page... Oh, sorry, wrong thread!