What is a "starter home"

roseland69

1-2 bed house / 2 bed flat

chucky wrote: »

they're both going off on one here trying to get personal - there are some pretty sad bitter people
http://forums.moneysavingexpert.com/showthread.html?t=1763887&page=3
note the people that thank the posts too - coincidence? i don't think so...

Now now - you accuse another poster of getting personal... by getting personal

dopester

3 Bed house / Flat

Really2 wrote: »

what? more people buy as couples not less, go back 40-50 years and a woman would not get a mortgage as they would be a house wife.

If you believe less and less are buying as couples you are in a different world to me.

There are fewer jobs, with pay-cuts and redundancies in existing jobs.

Somewhere else I sped-read a projection we could be heading toward a future with many more younger people unemployed.

I'm not claiming that is set to pass .. as population stuff / age data confuse me slightly.. like they do for you as well.

Youth unemployment 'set to treble'

24.06.09

The group estimated that 1.18 million young people will be unemployed by 2011, with almost a third out of work for longer than a year. Under 25s make up one in five of Britain's working population but two in five of the unemployed, according to the research.


When the class of 2009 leaves formal education this summer, an estimated 300,000 graduates and 400,000 school leavers will join the queue of people looking for work.

http://www.thisislondon.co.uk/standard/article-23711273-details/Youth+unemployment+%27set+to+treble%27/article.do

Thrugelmir

1-2 bed house / 2 bed flat

dopester wrote: »

I'm not claiming that is set to pass .. as population stuff / age data confuse me slightly.. like they do for you as well.

On local news last night - 8% of under 25's in Swindon are unemployed. Last year at this time 3%.

Really2

Other - Explained.

dopester wrote: »

I'm not claiming that is set to pass .. as population stuff / age data confuse me slightly.. like they do for you as well.

Indeed I don't profess to calim to know the answer I just can't get my head round how and what housing we would need to stop HPI.

bluey890

Graham_Devon wrote: »

In your opinion, what classes as a starter home?

A starter home is a home that no-one wants to buy (to live in) and only does so as they're fed up renting.

PasturesNew

1 bed flat / Bedsit i.e. small flat.

Really2 wrote: »

PS Graham the vast majority of people buy their first home as a couple it's a fact you cant hide from:)

Are there stats to prove that?

It never used to be. The thinking when I was younger was that you'd get your own place ... not shack up with some geezer soonest.

We waited for marriage ... I'm still waiting

PasturesNew

1 bed flat / Bedsit i.e. small flat.

IveSeenTheLight wrote: »

I'm between options 1 & 2.
Do you really get 1 bed houses?

Yes, not enough of them though!

I'd buy one if the right one comes up when I am ready to buy.

wymondham

1 bed flat / Bedsit i.e. small flat.

a 'starter home' is whatever is the cheapest property - in it's very nature usually equates to single bedroomed x property, be it a flat or house.

LydiaJ

roseland69 wrote: »

I agree that a starter home should be what a person needs - but there should be a "base line" on what is the standard agreed and accepted "norm" for a starter home. Naturally there will be those who fall outside the "norm". But `i'm talking about Joe Bloggs, 25, just married perhaps, decent job earning national average. Looking to buy their first place in the town where they grew up to start a family.

As I've said in the other thread, the average 25 year old doesn't earn an average wage. Average Joe Bloggs will earn an average wage in his 40s when he's an average way up the career ladder. The only way houses can be affordable for average people is if "starter homes" (however defined) are affordable on an average twenty-something's salary.

chucky

1 bed flat / Bedsit i.e. small flat.

LydiaJ wrote: »

As I've said in the other thread, the average 25 year old doesn't earn an average wage. Average Joe Bloggs will earn an average wage in his 40s when he's an average way up the career ladder. The only way houses can be affordable for average people is if "starter homes" (however defined) are affordable on an average twenty-something's salary.

but they should be able to go and buy a 6 bed property with 3000 sq feet in their early 20s. it's just like your first day at work and you expect to be promoted to CEO in 4 days - just because other people get promoted you deserve it too. it's just plain stupid.

many people on here have made mistakes in the past deciding when to buy property and are slightly bitter, they should just get over it and stop being so angry - they should be seeing that the current climate and going forward is an excellent opportunity to buy property that they would never have done previously.