If single FTB could afford 2-3 bed houses would it cause HPI.

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No

Joeskeppi wrote: »

If houses were that cheap, where would all the excess cash we earn go?

Perhaps having a life, hobbies, holidays, spoiling children...... etc, or perhaps a spouse could give up work or go part time to look after the children, after all not many parents like the idea of shoving their kids in childcare from 7am-6pm everyday do they ?, I know I wouldn't want that. I guess it's this kind of comment that shows that some people believe the the bigger and more expensive the home, the better. Not true.

Just to edit...... what is amazing about this thread title is this is exactly what used to happen before the 2000 bubble, I know, as I and my sisters did the exact thing at various times over the previous 3 decades, just shows how short memories have become.

IveSeenTheLight

Yes

Graham_Devon wrote: »

I reckon, and it's just my personal thoughts, we'd see a lot of people buying a home SUITABLE for them. Not the max they can afford.

I thought you said before you don't want a buy a property that would be suitable for you at present and that you want to buy a place for the futures.

Nothing wrong with this, but you and many others in the UK have the mindset to stretch for more than is necessary.

I did it too, I bought a 4 bed house 5 years ago, when it was just the wife and me. did we need a place that big, no, but it will suit us for the rest of our life.
Beuty of it is that as "I saw the light", I've been overpaying the mortgage such that it will be paid off in 13 years instead of 25.

By the time I'm 43, I'll be mortgage free with my son only 8 and then we will really be able to enjoy life much more.
That's not to say that we don't enjoy life now, but by enjoying a little less now, will reap a far better reward in the future.

IveSeenTheLight

Yes

chewmylegoff wrote: »

2-3 bed property is a pretty wide description - it ranges from covers pokey little 2 bed flats with one double and one single and an open plan lounge and kitchen, to 3 double bedroom detached properties with 2 bathrooms, two reception rooms, a separate kitchen and a garden.

so my answer to the question is that a couple would probably buy something better within that bracket, that a single person could not afford.

Agreed, it was not my poll / question.
However given your point and the hypothetical question that a single FTBer could afford a 3 bed property as you describe, do you still think that it would not cause HPI?

Graham_Devon

No

IveSeenTheLight wrote: »

I thought you said before you don't want a buy a property that would be suitable for you at present and that you want to buy a place for the futures.

Is that different to what I just said then? Suitable = suitable?

I think you just define suitable differently to what I define suitable

Suitable to me is exactly what i have already been around the mulberry bush so many times about, I've got dizzy! Whereas suitable to you, seems to be more the minimum that you need.

IveSeenTheLight

Yes

Graham_Devon wrote: »

Is that different to what I just said then? Suitable = suitable?

I think you just define suitable differently to what I define suitable

Suitable to me is exactly what i have already been around the mulberry bush so many times about, I've got dizzy! Whereas suitable to you, seems to be more the minimum that you need.

lol

Yes, your suitable is that single FTBer's should be able to buy 3 bed detached house.

My suitable is what they realistically should be able to afford to buy

Graham_Devon

No

IveSeenTheLight wrote: »

lol

Yes, your suitable is that single FTBer's should be able to buy 3 bed detached house.

My suitable is what they realistically should be able to afford to buy

Where on earth have I said that?

I was honestly trying to have a decent, adult convo with you then, but everytime you need to twist.

Proof please, not your own misconception of what I have said twisted to suit your agenda, but proof I stated that.

IveSeenTheLight

Yes

Graham_Devon wrote: »

Where on earth have I said that?

I was honestly trying to have a decent, adult convo with you then, but everytime you need to twist.

Proof please, not your own misconception of what I have said twisted to suit your agenda, but proof I stated that.

I'm not going to troll back through threads and true I have taken upon recollection on the type of property you expect to be affordable to the average FTB on average median wages, note, on a single wage.

I never twist things, even though you are inferring I have done it again

It was you who inferred our perceptions of what a suitable FTBer property was.

I believe it is a 1 - 2 bed flat with the higher single earners going for the 2 bed option.

What is your perception of suitability for an average median wage single application FTBer?

Graham_Devon

No

IveSeenTheLight wrote: »

I'm not going to troll back through threads and true I have taken upon recollection on the type of property you expect to be affordable to the average FTB on average median wages, note, on a single wage.

I never twist things, even though you are inferring I have done it again

It was you who inferred our perceptions of what a suitable FTBer property was.

I believe it is a 1 - 2 bed flat with the higher single earners going for the 2 bed option.

What is your perception of suitability for an average median wage single application FTBer?

There is a whole thread on this.

You have no proof. So please, don't tell me what i have said, when it's clear I never said it and then say "im not twsisting". Maybe if you stop doing this, with no evidence, we could actually get on and discuss instead of just bickering and having to say in reply "i didnt say that" every post?

Several times I have said the same thing about FTB homes. None of them include 3 bedrooms.

IveSeenTheLight

Yes

Graham_Devon wrote: »

There is a whole thread on this.

You have no proof. So please, don't tell me what i have said, when it's clear I never said it and then say "im not twsisting". Maybe if you stop doing this, with no evidence, we could actually get on and discuss instead of just bickering and having to say in reply "i didnt say that" every post?

Several times I have said the same thing about FTB homes. None of them include 3 bedrooms.

Ok, since you are demanding proof and you want me to provide evidence (as I always back up my points with) here goes

http://forums.moneysavingexpert.com/showpost.html?p=22584567&postcount=61

mitchaa wrote:

Quote:
Originally Posted by mitchaa
We have done this argument to death Graham;)

A singular average salary should not be buying a typical 3bed SD average home. 2 x average salaries should, or at least average household income.

Graham_Devon wrote:

Absolute and utter rubbish....though I can see why you would want this when you look a your sig

We have been buying houses on one wage for donkeys years.

You are eliminating most families from buying a house in your scenario, where one parent is at home to look after the children....as it should be.

No one can have babies, or lose their jobs in your scenario.

As mitchaa stated that a singular average salary should not be buying a typical 3 bed SD home and you stated that it was abosolute and utter tubbish, by definition, you must believe that a single average slary should be able to buy a typical 3 bed SD property

Ok, I admit, I have exagerated slightly by saying it was a detached, but my memory cannot remember the exact detail in every post I read.

Graham_Devon

No

IveSeenTheLight wrote: »

Ok, since you are demanding proof and you want me to provide evidence (as I always back up my points with) here goes

http://forums.moneysavingexpert.com/showpost.html?p=22584567&postcount=61


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As mitchaa stated that a singular average salary should not be buying a typical 3 bed SD home and you stated that it was abosolute and utter tubbish, by definition, you must believe that a single average slary should be able to buy a typical 3 bed SD property

Ok, I admit, I have exagerated slightly by saying it was a detached, but my memory cannot remember the exact detail in every post I read.

Is that the best you can do!?

Mitchaa said "should not be able to buy".

I said thats absolute rubbish. There are loads of factors. And I do not believe any person "should not be able" to do anything.

And yes, you DID have to trawl for that one :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl: