Property has risen 6 months in a row & is set to rise by 7% next year!!!

Chris2685

Interesting discussion there about having children Vs having a house

A friend of mine and his missus (a graduate accountant, and a graduate teacher) are both living together now up north, and although wanting children they are putting it off until they have bought a house, got comfortable, etc...

That is a shame really, because I think having children by the time they are planning to is a little later than they would ideally want to have them...

Personally, me and my missus wanted children so we just went ahead and had a baby, even though we were still living with her parents at the time. The funny thing is though, it doesn't come down to affordability because we are renting and living and surviving, whilst the baby wants for nothing. The only thing is, we are spending money each month on rent when it would be much nicer (I know, I know, this is the real world) for us to have been able to just get a mortgage for the equivelent of the cost of the rent. But that just isn't possible, because we are unable to get a mortgage at that amount unfortunately..

It seems that they have a very XYZ approach to lending now, and don't take into account what you are currently managing to survive on. I looked at a house on Rightmove yesterday which we could comfortably live in, and the mortgage would be £200 a month cheaper than where we are renting now...

Renting has been a good option for us so far, but now we just need to buy somewhere that we won't be spending money on forever, and will eventually own ourselves (or at least go towards another house).

pawpurrs

Chris, were you not buying a house about a year ago but pulled out of buying it, after survey and got the gitters, and decided to rent for longer? Wasnt that when your partner was still working? Sorry if I have the wrong person, I just seem to remember that for some reason. Do you think that was the right or wrong decision? I seem to recall you being a but nervous about prices falling, with justification it was all so up in the air at the time.

Asheron

pickledpink wrote: »

PROPEERTY HAS risen 6 months in a row & is set to rise by 7% next year!!!
House prices have risen for the 6th month in a row - and look set to rise in London by a whopping 7% next year!

Here's a link to The Times Newspaper.

http://www.timesonline.co.uk/tol/mon...cle6956613.ece


As the experts have always said - property ALWAYS rises eventually!:money:

LOL rubbish, there going to drop another 30%

IveSeenTheLight

nembot wrote: »

Hope you don't lose too much value on your house next year, but then again - you'd need to sell it to actually have profit wouldn't you...

They'd need to sell the house to make a loss, wouldn't they? :rolleyes:

Depending when they bought, there is a higher chance they would make a profit when they sold

IveSeenTheLight

Chris2685 wrote: »

I can't afford to buy one so have to rent. That is what is bad about them :P

I can't afford a Ferarri
I can't afford a Rolex
I can't afford a swimming pool to be built for my house
i can't afford many things in life.

You have to cut the cloth to suit your needs.
There are many people who have never been or never will be able to buy property.

It may be harsh, but that's life

Chris2685

IveSeenTheLight wrote: »

I can't afford a Ferarri
I can't afford a Rolex
I can't afford a swimming pool to be built for my house
i can't afford many things in life.

You have to cut the cloth to suit your needs.
There are many people who have never been or never will be able to buy property.

It may be harsh, but that's life

Did you actually read any of the posts after that one?

I said I can afford to pay the mortgage on a house if I bought, and that it would in fact be cheaper than the rent I currently pay.


pawpurrs, yes that was me. Yes, I did make the right decision in not buying.

Turnbull2000

IveSeenTheLight wrote: »

I can't afford a Ferarri
I can't afford a Rolex
I can't afford a swimming pool to be built for my house
i can't afford many things in life.

You have to cut the cloth to suit your needs.
There are many people who have never been or never will be able to buy property.

It may be harsh, but that's life

Comparing the desire to own a home with the desire to own luxury goods. What a crock of sh*t post.

Harry_Powell

Turnbull2000 wrote: »

Comparing the desire to own a home with the desire to own luxury goods. What a crock of sh*t post.

To some people, a house is a luxury they will never be able afford. I think that's what the poster was trying to get across.

FWIW, while I think everyone who works should be able to afford a roof over their heads, I don't see why people have the opinion that everyone should be able to afford to buy a house. We tried that with the Right to Buy scheme and we ended up depleting LA stock and having to pay a fortune to put people into privately rented property, we tried giving people +100% mortgages so that anyone can afford to get onto the ladder and the banks went bust and we tried to get creative with people's incomes with 'lie to buy' schemes and these people went bust. Some people simply cannot afford to buy a house.

What I find very interesting is that the same people who complain about 'lie to buy', +100% mortgages and the Right to Buy scheme also spout on about how everyone should be able to buy their own home. They clearly haven't thought things through.

undetterred

Asheron wrote: »

LOL rubbish, there going to drop another 30%

Ha Ha you've got more chance of one of your're crackpot theories coming true.

Was it Elvis or a double decker they found on the moon...............

Turnbull2000

Harry_Powell wrote: »

To some people, a house is a luxury they will never be able afford. I think that's what the poster was trying to get across.

Except not being able to afford a Ferrari, Rolex or private swimming pool does not tend to be detrimental to your quality of life. Not owning a home can. For example; living in cramped conditions whilst stuck on a horrific social housing list, living under the threat of an unscrupulous private landlord and in constant fear of eviction, or the potential of poverty in retirement as your housing costs are not fixed and will not end, but instead continue to rise and require payment for the rest of your life.

I can appreciate your own point. But like I said - a crock of sh*t from IveSeenTheLight.