London home 'needs £93,000 wage'

carrieg_2

It really is not sustainable

Really2

inspector_monkfish wrote: »

what lack of backing up?
what do u need to know, that you clearly can't work out?

seems to me you are just being awkward, and 'pretending' not to understand - which is a shame, as i always thought you were one of the smarter posters on here.

come of it there is no need for this,

I just did not see your point as balanced! by all means disagree but is hardly worth a slanging match.

I most probably am one of the smarter posters on here , so points of possibly, maybe, if, etc. don't sway me.

The majority of people who have children carry on without actually changing their accommodation (well not without wanting too) or losing their house.
Some might lose their house ,some might move up to a bigger house. (but they just go in to the pot.)

But as far as i know their is not a majority of people who have lost house or not having children just so they can keep a mortgage going.

People adjust for reasons I have mentioned but the main one is they just muddle/struggle on, thats life.

If your post was not pointing out the pitfalls of owning and having children perhaps you can tell me where I am not "working it out"

Really2

carrieg wrote: »

It really is not sustainable

True I can't carry on like this.:rotfl:

Sorry London prices, too right.

inspector_monkfish

Really2 wrote: »

come of it there is no need for this,

I just did not see your point as balanced! by all means disagree but is hardly worth a slanging match.

I most probably am one of the smarter posters on here , so points of possibly, maybe, if, etc. don't sway me.

The majority of people who have children carry on without actually changing their accommodation (well not without wanting too) or losing their house.
Some might lose their house ,some might move up to a bigger house. (but they just go in to the pot.)

But as far as i know their is not a majority of people who have lost house or not having children just so they can keep a mortgage going.

People adjust for reasons I have mentioned but the main one is they just muddle/struggle on, thats life.

If your post was not pointing out the pitfalls of owning and having children perhaps you can tell me where I am not "working it out"

in a nutshell, my point (i think) is, there are so many different permutations that could be involved, its far too difficult for anyone to work out what the 'average' is

Pete111

carrieg wrote: »

It really is not sustainable

And yet....

.....it is forecast ( in todays Times anyway) that by 2014 London Proces will have risen over 26% from now

If so then :cool:

If not. Meh.

P

the_ash_and_the_oak

Pete111 wrote: »

And yet....

.....it is forecast ( in todays Times anyway) that by 2014 London Proces will have risen over 26% from now

If so then :cool:

If not. Meh.

P

Do you think they will? (What do you think will happen to london rents during this period?)

ninky_2

chucky wrote: »

they're comparing the average salary against the average property, not everyone in that salary range would buy property. they should be only comparing the average household salary vs average property.

.

yeah i'm thinking maybe polygamy is the way to go - forget DINKY (double income no kids), we need to be going at least OINKY (octuple income no kids).

Pete111

the_ash_and_the_oak wrote: »

Do you think they will? (What do you think will happen to london rents during this period?)

I can but hope! As far as I can tell my guess is as good as anyones but naturally I prefer to read /quote the positive opnions!

No idea re rents - on the 3rd year of renting mine and whilst the last 2 were very good I've had to drop 10% for this one

Still making a net profit of 15%+ though. No complaints

lostinrates

ninky wrote: »

yeah i'm thinking maybe polygamy is the way to go - forget DINKY (double income no kids), we need to be going at least OINKY (octuple income no kids).

I think it sounds fun!

the_ash_and_the_oak

Pete111 wrote: »

I can but hope! As far as I can tell my guess is as good as anyones but naturally I prefer to read /quote the positive opnions!

No idea re rents - on the 3rd year of renting mine and whilst the last 2 were very good I've had to drop 10% for this one

Still making a net profit of 15%+ though. No complaints

Interested basically because the boom in London had this weird thing where the prices went up by so much but the rents stayed more or less unchanged during that time. Wondering about those that see more rises on the horizon and whether they see it being accompanied by rent changes this time or whether they could continue to rise without rents following suit.

Initial appearances for 2009 seem to be a continuation with rising prices but with rents falling back a bit (your anecdotal supporting this). (of course your early buying means you make a profit regardless of this)