Deja Vu?

Really2

the_ash_and_the_oak wrote: »

tbf to Graham here is talking about 34 year old FTBs today. Think relative to income FTB places were a bit cheaper when you bought. Its not really comparing like with like.

Well it is if he is 34. I presume he as not stayed at 19 years old.

Shame they don't filter the average FTB age in to areas,

Surley those 34 year old now could not afford to buy 15 years ago other wise they would of.

Graham_Devon

chucky wrote: »

oh dear... it's averages again.... you're agreeing with Dan but just want to argue...

because Dan has done it at 19 it will mean that there will be FTB buyers that are much, much older than 34... it's an average... :rolleyes:

Why does everything have to be taken to this level of spun complication?

chucky

Graham_Devon wrote: »

Why does everything have to be taken to this level of spun complication?

because you don't understand the concept of averages

the_ash_and_the_oak

Really2 wrote: »

Well it is if he is 34. I presume he as not stayed at 19 years old.

Shame they don't filter the average FTB age in to areas,

Surley those 34 year old now could not afford to buy 15 years ago other wise they would of.

I think buying at 19 is pretty rare at any time imo (esp given expansion of university education)

I don't know about GD but for me the fact that something makes sense in 1994 doesn't mean it makes sense in 2009 (it doesn't mean it doesn't either but I don't think we can use "of course it works today, it worked for me in 1994" as a reasonable yardstick of whether things are tenable today) - ie you would be hardpressed to find anyone today that doesn't think buying in the mid90s would be a good idea

Graham_Devon

chucky wrote: »

because you don't understand the concept of averages

Says the person who thanked dan for saying it does work, he bought at 19, when I was talking about the average ages of FTB's today.

C'mon chucky, give it a rest chap. No need for this obvious intent to cloud matters. What I said was extremely simple.

Really2

the_ash_and_the_oak wrote: »

I think buying at 19 is pretty rare at any time imo (esp given expansion of university education)

I don't know about GD but for me the fact that something makes sense in 1994 doesn't mean it makes sense in 2009 (it doesn't mean it doesn't either but I don't think we can use "of course it works today, it worked for me in 1994" as a reasonable yardstick of whether things are tenable today) - ie you would be hardpressed to find anyone today that doesn't think buying in the mid90s would be a good idea

I was 25 when I purchased and I am just under the age of your average FTB now.
OK I was on over an average wage, but some must have not purchased due to not wanting to at the time not just to maket conditions.

I presume your average (34 year old) buyer will be against higher paid 25 year olds and 40 year olds.


I think part of the FTB age is partly due to how people live their lives now. Most don't want to get married and have children until there 30's, I don't think that is because of the prices of houses.
More to do with people wanting more experiences.

chucky

Graham_Devon wrote: »

Says the person who thanked dan for saying it does work, he bought at 19, when I was talking about the average ages of FTB's today.

C'mon chucky, give it a rest chap. No need for this obvious intent to cloud matters. What I said was extremely simple.

ok - let's take this step by step before it becomes the Devonian economics show

the average FTB buys at 34.

the average FTB does not buy a 3 bed house.

the average FTB will buy what they can afford for their local area.

some areas the average can only buy a 1 bed property, in other areas it is easier for FTB's to buy more than a 1 bed property.

the average is just an average - you cannot compare an FTB average when you have too many different factors influencing that average - local salary and local property price and even people settling down in life later.

that is not clouding the issue - so no need to give it a rest but more of a need to educate you (as Dan tried to do) that you don't actually know how these averages are derived and what they mean.

the_ash_and_the_oak

Really2 wrote: »

I was 25 when I purchased and I am just under the age of your average FTB now.
OK I was on over an average wage, but some must have not purchased due to not wanting to at the time not just to maket conditions.

I presume your average (34 year old) buyer will be against higher paid 25 year olds and 40 year olds.


I think part of the FTB age is partly due to how people live their lives now. Most don't want to get married and have children until there 30's, I don't think that is because of the prices of houses.
More to do with people wanting more experiences.

I think there's a whole bunch of reasons why FTB age is climbing. I think what is more interesting is what the knock-on effect of this might be.

If we are saying the ave FTB age is now 34, and that first-rung properties are now flats not houses, we have a situation where first time buyers are buying smaller properties at a later age. Presumably those in the flats are not having kids there (or maybe they are?), how long do we think FTBs are going to live in these flats - presumably in a rising market the increased equity forms the basis of a larger deposit for trading-up - but in a non-rising market?

ruggedtoast

Dan: wrote: »

It does work Graham.

I bought a 1-bed flat aged 19 and most my money went on the repayments. Friends thought I was mad paying a mortgage instead of going out clubbing.

I upgraded to a 2-bed flat aged 23, and then a 3-bed house aged 30. Now looking at a detached 4/5 bedroom as my final house.

My freinds now wish they done the same thing.

However, Dan. The issue remains that I am still awaiting documentary evidence to confirm your assertion that I have called you a nob in the winter of 2008.

Until this has been supplied you must face the fact that you may struggle to be taken seriously, both on this forum, and on the wider internet at large.

I am sorry to use such blunt language but I don't know how else to phrase it.

purch

What I said was extremely simple.

:eek:

I have no comment.