Why now so hard to get that 1st rung on the propery ladder compared to years gone by?

[Deleted User]

Life isn't that bleak, i had a look on rightmove.co.uk for flats in london around 150k.. found these:
http://www.rightmove.co.uk/viewdetails-5878831.rsp?pa_n=1&tr_t=buy
http://www.rightmove.co.uk/viewdetails-12445622.rsp?pa_n=1&tr_t=buy

or what about a house?
http://www.rightmove.co.uk/viewdetails-12393560.rsp?pa_n=1&tr_t=buy

I wonder if there's a website that can map out various factors relating to area quality, like the kind found on upmystreet.co.uk

lynzpower

ringo, I agree, I quite fancy the NW4 one myself

But once *you* ( meaning people) start weeding out the areas that are not desirable then theres significantly less.

Which leads me back to my point about many FTBs expectations being too high and will overstretch themselves to afford it. I know somone who took a 6x mortgage interest only to get a one bed flat in v desirable area of west london. Shes on a cracking wage too.

But there you are. Some people want the coffeee shop culture rather than live near the pound shops, my mates who have done this again hope to "gain" on thier property so believe they will always win out in the end. Pretty dangerous if you ask me.

http://www.rightmove.co.uk/viewdetails-12546998.rsp?pa_n=5&tr_t=buy

[Deleted User]

On the basis of this thread, i'm dedicating this weekend to designing a website to use government statistics of deprevation to map out 'nice places to live'.

I was thinking that one of the reasons is that some people just don't realise that they have a false perspective of where they sit in the socio-economic pecking order, this might be caused by the 'low' cost of 'luxury' items such as the dreaded Ipod and holiday in the sun and the rise in easy money borrowing. A lot of people might just not realise they're not as well off as they think they are

lynzpower

doesnt upmystreet do that, gives crime stats etc?

Maybe yu should do one with coffee shops and an organic bakery just so we all know wheres nice & wheres not.

Lots of my west london mates wouldnt dream of living here, as one of them actually said to me, where do you get coffee from round your way? I said Im paying a mortgage for flat with a kitchen, so about 2 seconds away from my lounge. They stared blankly.

Ive always been a bit silly with money, but dear god, some of my mates are really dumb.

[Deleted User]

lynzpower - i want to map them... i want to be able to look at a map of the east of london and tell someone where is safe, where has better schools. There's a lot of free datasets provided by the government..

I've just gone through the process of trying to find an area in outer london to live in. Now, we picked a town due to various factors, then found a few areas to look at in that town based on what we knew from local knowledge. There's got to be plenty of people moving to places they don't know that would gain from a map of 'good' areas.

That, and my gf is working today and the only thing else i've got to do is 3 loads of washing. Plus it'll keep my mind ticking over in the heat

lynzpower

fair dos ringo, I guess its not a bad plan

Although of course what one would think is a good area and bad would be different to others, but I guess if its for you guys alone its no problem ie I wouldnt live in clapham for all the tea in china, but others seem to think its the most desirable place south of the river, so there you are

Ofted.gov.uk is a good start when thinking about schools, well if you trust ofsted insepctions that is.

[Deleted User]

This led me to find this site, a goverment version of streetmap.co.uk:
http://neighbourhood.statistics.gov.uk/dissemination/

I wonder if anyone in the BBC has been reading this, i just found this thread on the BBC website:
http://news.bbc.co.uk/1/hi/talking_point/5221742.stm

Iso

ringo_24601 wrote:

I was thinking that one of the reasons is that some people just don't realise that they have a false perspective of where they sit in the socio-economic pecking order, this might be caused by the 'low' cost of 'luxury' items such as the dreaded Ipod and holiday in the sun and the rise in easy money borrowing. A lot of people might just not realise they're not as well off as they think they are

Yes, people do need to realise that the first property they buy will probably be small and may not be in a particularly nice area and it's very refreshing to hear someone point that out! The problem is that even small properties in not particularly nice areas are out of the reach of some FTBs.

That said some FTBs could probably get on the property ladder a bit quicker if they went with out a few 'Luxury' items (or 'keeping up with Joneses' as it used to be called). Trouble is 'the norm' these days is going out and blowing a fortune on eating and drinking several times a week, having the newest mobile phone, ipod etc. It seems to be a sort of 'it's my right' culture as in 'It's my right to have a four bedroomed house in a nice area with an expensive designer kitchen and all the latest gadgets and technology - I've only just left school and I've only just started working but that's how people live on telly so that's what I should have.'

lisyloo

It does sound uninformed, and quite cliched. There are about six and a half billion people in the world - getting facts like this wrong undermine your credibility.

The point is that it is a very big number so I would still come to the same conclusion even if I had all day to look up the exact number (which I don't as I'm working hard at a career to pay of my mortgage rather than organising marches :-)
So are you saying it's uninformed to say there are an awful lot of people in the world who are MUCH poorer than we are?

"Counting our blessings" is a way to make us feel grateful (ha!) for our lot in life.

I'm not sure whether grateful is the right world.
But statistically we should feel very lucky.

They're not blessings, they're what everyone is entitled to!

Not sure exact what you are referring to by "they", but if you mean everyone on a low salary is entitled to a house of their own, car of their own and a horse on their own without saving up first then I would disagree that this is an entitlement.
People's expectations are now very high.
Going back to the original question, one reason why it's hard is that people want to live on their own directly out of school.
People refer to it being easier in the past, but in the past people always shared houses and transport. I believe that expectations have definitely risen.

This is supposed to be about house prices and why it's so hard to buy your first place.

It has mostly always been ahrd (there might be a few expections).
Most people have ahd to share, live with parents, make sacrifices etc.
Trouble is people don't want to do that anymore they want a car and a horse as well and all NOW.

Personally I don't want to spend my time organising marches or spending hours dreaming/complaining on discussion sites.
I want to get out and earn some money to pay off the mortgage on my home. Whilst dreaming and complaining have their place, action does also.

Jim_B_3

lisyloo wrote:

Personally I don't want to spend my time spending hours on discussion sites.

Yet here you are.