Who should be able to buy property?

carolt

Other - please describe below

1echidna wrote: »

I am sure lots of people think they 'should' be able to buy a four bedroom detached home in a good area, just as they should have an interesting, enjoyable job, good health and good work/life balance. You can't legislate on such things so pretty meaningless really, particularly when we face a severe and (likely) long term downturn with readjustments for most of us.

Did I miss something?

Was anyone suggesting legislating on this?

1echidna

Everyone

carolt wrote: »

Did I miss something?

Was anyone suggesting legislating on this?

You say 'should' doesn't this imply a legitimate expectation? And by implication some sort of action to meet that?

carolt

Other - please describe below

IveSeenTheLight wrote: »

I chose other.

Anyone that can afford to buy.
If they can't afford to buy, then they have to look at different area / types of properties, save more, work to earn more.

All of these are better in my opinion than waiting and hoping for the property type / area you want to change to suit your personal situation.

When you say waiting for them to change, I assume you mean pricewise - unless you mean hanging around waiting for the property to decay or the area to gentrify/go downhill or something?

If you mean pricewise, it seems common sense to wait to me - at a time when house prices are falling 15% =/- depending on index per annum, it seems the only sensible thing to do.

If house prices were always static, I'd agree with you.

But sadly that is not the case.

ad9898_3

Everyone with a full time wage

I voted everyone on a full time wage, the reason ?, the average wage should buy the average house (3 bed semi), this is how it always was before this particular bubble, as I've said before, I know because I did it !, so people on less than this should be be able to buy, terraced, 2 bed flats, 1 bed flats, depending on income.

People who shouldn't be able to buy, part time workers or benefit claimants, but that should be fairly obvious, I doubt no one in history has been able to buy a house working 16 hours a week a Macca's, and I wouldn't think they'd expect to either, unless of course money given to them helps their cause.

Pee

Other - please describe below

It should be possible to buy a 3 bed semi - just about -with a combined income 1.5 times the average wage.

carolt

Other - please describe below

1echidna wrote: »

You say 'should' doesn't this imply a legitimate expectation? And by implication some sort of action to meet that?

Not really - the 'should' refers to people's views off this Board. I don't think I ever imagined them being in a position to legislate, thankfully. :eek:

StevieJ

You lot seem to be hooked up on the size of the house, surely the most important driver should be where it is I would rather have a one bed flat in Mayfair than a four bed house house in some crap hellhole.

andygb

Everyone with a full time wage

ad9898 wrote: »

I voted everyone on a full time wage, the reason ?, the average wage should buy the average house (3 bed semi), this is how it always was before this particular bubble, as I've said before, I know because I did it !, so people on less than this should be be able to buy, terraced, 2 bed flats, 1 bed flats, depending on income.

People who shouldn't be able to buy, part time workers or benefit claimants, but that should be fairly obvious, I doubt no one in history has been able to buy a house working 16 hours a week a Macca's, and I wouldn't think they'd expect to either, unless of course money given to them helps their cause.

Further to this, the average wage does not represent an average number of people. There are a huge number of people in the UK earning £16K a year or less, and I am not talking about jobs which require staff with low skill levels. As the recession bites, many employers are driving down wages to keep their profits, even if this means cutting wages, making staff work longer hours/take on more work.
It makes sense that part time workers or benefits claimants would not be able to afford to buy, but it doesn't mean that they will be left without a roof over their heads.
Our government should have used this recession, to provide more social housing for the poorest in society. Most of the council house stock was sold off under the Thatcher government.
Anyone who earns a full time wage, should be able to get on the property ladder, and without the banks making the conditions easier, because this just leads to a falsely inflated property market.

IveSeenTheLight

Other - please describe below

carolt wrote: »

When you say waiting for them to change, I assume you mean pricewise - unless you mean hanging around waiting for the property to decay or the area to gentrify/go downhill or something?

If you mean pricewise, it seems common sense to wait to me - at a time when house prices are falling 15% =/- depending on index per annum, it seems the only sensible thing to do.

If house prices were always static, I'd agree with you.

But sadly that is not the case.

I was referring to the price.

As we've discussed many times, not all areas are falling at the UK average rate.

It's up to the individual if they want to wait or buy, depending on their personal circumstances.
Some choose to wait for a finacial gain or to get a better property, fair play to them if it works out.
Other choose to get on with it and get started.

Neither is wrong, its a personal choice.

ad9898_3

Everyone with a full time wage

StevieJ wrote: »

You lot seem to be hooked up on the size of the house, surely the most important driver should be where it is I would rather have a one bed flat in Mayfair than a four bed house house in some crap hellhole.

Mmm, I'll take the crap hellhole;), after all, everytime I've been to London, I couldn't wait to leave.:D