£1.2tn given to old from young

ukcarper

mbga9pgf wrote: »

In the same area? If things are so easy for FTBs, why not the same house? Oh thats right, Boomers and their ilk are a bunch of greedy gets.

Do you ever read any body’s post I have never said it is easy for FTBs in fact I have said it's harder . But that doesn’t mean I couldn’t buy.

ukcarper

mbga9pgf wrote: »

Prices are expensive everywhere! Go to the Northwest, northeast, midlands, prices are completely nuts everywhere!

It’s possible to buy a three-bed terrace in Hampshire for 10% deposit and 3.5 times a joint income of 40k

25k main 15k second

rictus123

Say houseprices were lower, we would soon have a shortage of "affordable" houses again as too many people are living beyond there means. Some people dont realise you dont need that spare room or great big garden etc. Sometimes i think half the time people buy a house or car its not for there benifit its for bragging rights and to keep up or ahead with the Joneses.

Sapphire

stueyhants wrote: »

So who do we blame, the youth of today or the parents that brought them up that way. People need to take personel responsibility for their actions but the boomers have shaped today's society and If I was a boomer I wouldn't be proud of my achievements. The continual desire for material wealth and GDP growth has left the UK morally poorer.

I'm afraid it's the parents (the so-called 'boomers') who must bear the brunt of the blame for spoiling their children, sheltering them from the realities of life, and encouraging the desire for material wealth – the latter perhaps because so many of the parents had very little when they were young.

So I absolutely agree with you. :cool:

Sapphire

FATBALLZ wrote: »

So speak the words of somebody of clearly doesn't actually know anybody under 30.

That's quite some assumption about someone you don't even know – ridiculous, because I know many, and even have to employ some.

Idiot. :cool:

P.S. The people I know under 30 are not envious of their elders, and are not obsessed with property. They are more interested in a. establishing themselves at work, b. enjoying life with their friends. They certainly don't expect to be able to own a house as their right.

StevieJ

chucky wrote: »

lol it's dropped from 70.2% to 69.8%

you're not very good at this but well done for trying Abacus :T

Wow 70% of the population, no wonder Brownie is looking after them.

IveSeenTheLight

Graham_Devon wrote: »

My answer is I'm not going to be boxed into a question with only 2 answers.

The bears want sensible house prices. Sensible credit.

It would be nice to have lower house prices with sensible credit, but how do you propose for that to be achieved with the restriction of supply and the increase in demand?

mbga9pgf

ukcarper wrote: »

It’s possible to buy a three-bed terrace in Hampshire for 10% deposit and 3.5 times a joint income of 40k

25k main 15k second

At what price? And assuming what rates? So what happens when rates return to normal levels over the next few years then and not the lowest rates in over 3 centuries? Why havent you stated a purchase price?

Assuming what monthly payment as a % of take-home, and how does that compare with the 50s/60s/70s? What happens when we want to start a family assuming there that you need the second income?

IveSeenTheLight

ukcarper wrote: »

I now that but if you want to reduce prices in the expensive areas it's no good building houses in the cheaper areas

If more property is available then demand would move to those surrounding areas, resulting in less demand in the more expensive areas, resulting in a likely reduction in prices.

Thus more supply of property would ripple out to neighbouring areas.

This simple thing is that until there is more supply than demand, prices will innevatibly rise.

mbga9pgf

IveSeenTheLight wrote: »

It would be nice to have lower house prices with sensible credit, but how do you propose for that to be achieved with the restriction of supply and the increase in demand?

Its been suggested by me before. By developing 2% of greenbelt over 5 years, we could hugely increase the housing numbers in GB. Its NIMBYs that stand in the way.