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What is a "starter home"
Comments
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Other - Explained.IveSeenTheLight wrote: »I'm between options 1 & 2.
Do you really get 1 bed houses?
.
i used to live in an old market town and some small cottages were Small living room and kitchen and 1 bed.(but they cost more than 2 bed flats.):eek:0 -
1-2 bed house / 2 bed flatI voted other - depends entirely on personal circumstances.
For me as a FTBer - i require a seperate area so i can run my business - this would mean a property that has either a dedicated family room, a dining room or a study. These are never seen on 2 bed / flat / small three bedders. Hence a larger 3 bedder is looking like a minimum.
If you are incorporating OH + kids, again, a 2 bed flat would more than likely not cut it.
Another, as mentioned boils down to what you can afford. FTBing and starter homes should not be limited the stereotypical studio / one bed flat.
Very true.
As an aside, I find it interesting you say "stereotypical" because, IMO, that's new thing. Starter homes were NEVER limited to one bed flats. Quite the contrary. They were homes. Small. Modest. Affordable homes (see above). Estates would be built of starter homes. They weren't flats or bedists.
I think the blip that has been the housing bubble has altered peoples perceptions and expectations of what the "norm" is to be honest.
Call me old fashioned, but its only in the past 10 years that someone earning the national average wage would struggle to find even a modest home to live in in their neighbourhood. If at all. Nothing grand. Just somewhere to begin a family, say.
If it carries on this way society will revert back to a rich elite owning all property from castles to squalid bedits and the rest of us as tenants, tugging at our forelocks. How depressing.0 -
1-2 bed house / 2 bed flatIveSeenTheLight wrote: »I'm between options 1 & 2.
Do you really get 1 bed houses?
There were some built on a deveopement I bought on around 25 years ago. They were basically semi detaches. One bed either side. Compact but had a garden and garage.
In those days new build developements were more spacious in layout. Now you'd get 2 - 4 Bed 3 storey house on the same plot of land........0 -
1-2 bed house / 2 bed flatyes you're right - my view of a starter home would be an 18 bedroom house.
unfortunately, i can't afford one of those so i'll have to settle with what i can afford.
oohh, a straw man argument. Did I ever say a starter home should be an 18 bedroom house...?
Nice try, but no cigar!0 -
Other - Explained.roseland69 wrote: »Very true.
I think the blip that has been the housing bubble has altered peoples perceptions and expectations of what the "norm" is to be honest.
Yes, this is a good time to mention a trend i have noticed around my area recently.
Couples / families who i know have lived in their homes for years and years have nice big detached three / four bedders with ample plots. Sitting on their drives are dated mondeos, corsas and fiestas, possibly suggesting a modest income.
Now, small two and three bed terraced new build properties with bu*ger all land have cars like mercs, jaguars and much newer models parked outside suggesting a high wage.
Coincidence? I doubt it. It all points to getting on the ladder at the correct time and i congratulate the former.0 -
1 bed flat / Bedsit i.e. small flat.roseland69 wrote: »oohh, a straw man argument. Did I ever say a starter home should be an 18 bedroom house...?
you're totally right but that's exactly my point - a starter home is individual to what you need and what you can afford. do you agree with that?
if it's available at your affordability that's a different argument.
ps - i don't smoke it's a filthy habit0 -
1 bed flat / Bedsit i.e. small flat.Yes, this is a good time to mention a trend i have noticed around my area recently.
Couples / families who i know have lived in their homes for years and years have nice big detached three / four bedders with ample plots. Sitting on their drives are dated mondeos, corsas and fiestas, possibly suggesting a modest income.
Now, small two and three bed terraced new build properties with bu*ger all land have cars like mercs, jaguars and much newer models parked outside suggesting a high wage.
Coincidence? I doubt it. It all points to getting on the ladder at the correct time and i congratulate the former.
spot on here - people may not realise but this economic cycle is going to give a lot of people an opportunity of a life time to buy the property that is good for them and much cheaper that they could ever afford.
if they take this opportunity up or even see it there right in front of them is up to them.0 -
Other - Explained.you're totally right but that's exactly my point - a starter home is individual to what you need and what you can afford. do you agree with that?
if it's available at your affordability that's a different argument.
ps - i don't smoke it's a filthy habit
Roseland=Graham socky or fan (I cant see it being the later seen as graham as logged off, he never logs off:))0 -
1-2 bed house / 2 bed flatCouples / families who i know have lived in their homes for years and years have nice big detached three / four bedders with ample plots. Sitting on their drives are dated mondeos, corsas and fiestas, possibly suggesting a modest income.
Now, small two and three bed terraced new build properties with bu*ger all land have cars like mercs, jaguars and much newer models parked outside suggesting a high wage.
Coincidence? I doubt it. It all points to getting on the ladder at the correct time and i congratulate the former.
More likely a reflection of an attitude to money and in particular credit..............0 -
1-2 bed house / 2 bed flatA one bed flat would be OK for a single person, but two bed for a couple. The couple are likely to have more purchasing power so this model works OK, in addition it allows for the couple to start a family without moving.
I am not sure why Dev does not differentiate between single and couple.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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