Another take on 'affordability'.

carolt

Why Bournemouth, PN - it's a bit of a place one goes to retire, isn't it?

And surely a bit seasonal?

Plus Dorset is notorious for expensive housing due to all the holiday lets/second homes etc?

Why not look at somewhere more 'normal' in terms of house prices, age distribution and job market?

pingu2209

Cleaver wrote: »

I think this is a much more realistic scenario.

Let's take a lovely young couple called Jack and Sophie. They are 24 and madly in love.

Jack has £30k worth of student debt and Sophie has £22k worth of student debt. Jack is earning £30k a year but the potential to earn £150k in 10 years. Sophie is earning £25k a year with the potential to earn £60k in 10 years also.

They decide they want to buy a place together. Their net combined income is £3,400 (as they are both sensible and pay 5% in to a pension) and they currently live in a bit of a pokey 1-bed flat which they rent for £500 a month. Their outgoings are as follows:

Rent £500
Student Debt Repayment £300
Debt Repayment on Flat screen TV, Blue Ray, sofas, bed etc £300
SKY £45 (sports and movies)
Home Insurance £10.00
Mobile Phones £60.00
Broadband £10.00
Water £45.00
Gas and Leccy £150.00
Council Tax £110.00
TV Licence £12.00
Home Phone £20.00
Petrol £200.00 - they have friends from Uni who live all over the country that they go and see
Car loans £800 - for 2 nearly new cars
Commute £700 - they have an hours commute into London
Food £450.00 - they like wine and take outs as they are young
Holiday Fund £300.00 - skiing in February and beach in September
Cars Upkeep / Fund / Tax £200.00
Jack and Sophies Personal Spending Money £800.00 - inc dinner out twic a month, work suits and SEast prices for drinks after work, lunches (they wouldn't make sandwiches!)

TOTAL: £5012

Oh. They are in debt each month! But as they earn more money they will begin to earn what they spend!

Then in 14 years time Sophie will suddenly decide that her body clock is ticking and she needs to have a baby quickly.

Much more realistic above!

tara747

lemonjelly wrote: »

He frequently does....

One glass of tap water.....& 8 straws!:D

:rotfl::rotfl::rotfl::rotfl::rotfl:

PasturesNew wrote: »

I was looking at rents in the Bournemouth area this afternoon ... blimey.... I thought "If I just move there, then look for a job there because it all looks an OK area".... All I wanted was 1-bed with parking and a garden, cheapest was £525 .... so not even a 'good area', just cheapest. That's unaffordable to me ... so I won't be moving there without a job. Rent + bills would be about 110% of my current income.

High house prices, speculators .... mean high rents.

What made you want to move to Bournemouth PN?

sjaypink

pipkin71 wrote: »

I no longer have those costs, however, home ed isn't necessarily a cheap alternative :eek:

I also agree, that children don't have to be as expensive as the studies suggest

Never mind the cost- isn't it right that home edders actually have to look after their kids 7 days a week? :eek: That puts me right off the idea

sjaypink

carolt wrote: »

Why Bournemouth, PN - it's a bit of a place one goes to retire, isn't it?

And surely a bit seasonal?

Plus Dorset is notorious for expensive housing due to all the holiday lets/second homes etc?

Why not look at somewhere more 'normal' in terms of house prices, age distribution and job market?

Move North/West and there are very pretty little flats/houses in smaller towns/villages for a fair bit less than that..... but then I guess they're cheaper because of lack of jobs in immediate area & transport links... :cool:

Bit further East, Hampshire is a little cheaper. Don't know if you like that area or what the work situation is around Southampton though

carolt

Or why not go the whole hog and move to London, as per original plan?

Loadsa jobs.

sjaypink

carolt wrote: »

Or why not go the whole hog and move to London, as per original plan?

Loadsa jobs.

Will you find a flat for less than £500 pm there (in an area where you don't have to be black belt to safely make it from front door to bus stop) ? :cool:

carolt

No - but you'll find a room with private bathroom easily enough (add your own microwave and kettle) - or if you go a bit further out (but still commmuting/job-getting distance), a studio flat.

sjaypink

I must be properrrr country The thought of living in London- or any city- terrifies me

sss555s

carolt wrote: »

No - but you'll find a room with private bathroom easily enough (add your own microwave and kettle) - or if you go a bit further out (but still commmuting/job-getting distance), a studio flat.

I'm with sjay on this.

Why would anyone want to go there to live like that?

Where i'm from, most people who go to London are either greedy or desperate and most end up back home.