Another take on 'affordability'.

sss555s

fc you work hard and if you can then why not have as many houses as you like.

It sounds very desirable to have a "London pad" and a coastal retreat which is a different thing to the one room/bathroom/microwave that was suggested before :A

sjaypink

Manchester? That the place where everyone has scruffy greasy hair, duffle coats & john lennon glasses?

Near that other Northen city Liverpool? Where all the girls are bright orange, wear uber skimpy clothes & iron their hair?

I gotta go to bed now. I got 60 cows to milk, 5 fields to plough & some straw to chew come daybreak :rotfl:

sss555s

sjaypink wrote: »

Manchester? That the place where everyone has scruffy greasy hair, duffle coats & john lennon glasses?

Near that other Northen city Liverpool? Where all the girls are bright orange, wear uber skimpy clothes & iron their hair?

I gotta go to bed now. I got 60 cows to milk, 5 fields to plough & some straw to chew come daybreak :rotfl:

Don't forget the "fork handles"

lostinrates

I don't agree London has no identity. It has identities These ids are all London: mulitple id is differnt from no id..... dh's NW3 London is very different to my sw London, but both are clearly of where they are. That they often carry an air of somewhere else makes them no less London. Interestingly I'd say that a greater difference exists across generations....so perhaps the identities are lessening....I think of the London of my sister, or my parents, and perhaps the gulfs were
greater between areas of London then?

tara747

Can't remember who said that London is like lots of little villages, I agree anyway. I'd love to live in one of the really nice neighbourhoods with everything you need which is still close enough to the centre, ah it would cost more than I can afford but hey!!!

Living by the seaside comes tops for me though.

fc123

I am off up to Newcastle next week...never been but a very close family friend is from South Shields originally.

Going to suss out the customer demographic and get a feel for the place.......my sis said it's the city the telly people use to film binge drinking young girls on a night out? Anyone know if that's true?

sss555s

fc123 wrote: »

I am off up to Newcastle next week...never been but a very close family friend is from South Shields originally.

Going to suss out the customer demographic and get a feel for the place.......my sis said it's the city the telly people use to film binge drinking young girls on a night out? Anyone know if that's true?

Are you thinking of opening a shop there fc?


I was led to believe that Glasgow and Manchester were the two biggest "fashion" city's outside London.

Cleaver

pingu2209 wrote: »

Much more realistic above!

I'm not really interesting in debating the current spending / saving habits of our younger generation on this thread. The point of the original post was to ask whether houses are genuinely completely out of reach for FTBers or whether the lifestyle choice, financial savy and nouse of the younger generation is making it difficult for them to buy a house.

You post, along with many others, seems to point that it's the latter rather than the former. Still can't see anything wrong with the original figures I put forward.

Cleaver

tara747 wrote: »

Cleaver, this is a very interesting thread. I am not so sure that everyone thinks like your fictional couple though. OH and I earn around £60k between us (and have a sizeable deposit) and even we are not sure whether we would be able to afford to buy a house right now.

Nice post.

At the risk of sounding patronising, is the real question whether you and the other half want to spend a certain amount of your income on a house rather than whether you can afford one. If you have a joint income of £60k and a good deposit then you can afford a house, it's more the question of firstly whether you want a certain percentage of your income going on a mortgage and secondly whether you have the financial discipline to adjust your spending accordingly. I imagine.

tara747

Cleaver wrote: »

Nice post.

At the risk of sounding patronising, is the real question whether you and the other half want to spend a certain amount of your income on a house rather than whether you can afford one. If you have a joint income of £60k and a good deposit then you can afford a house, it's more the question of firstly whether you want a certain percentage of your income going on a mortgage and secondly whether you have the financial discipline to adjust your spending accordingly. I imagine.

Good points. And very true. But my post sums up the dilemma of many people our age, we do still want to have a life as well as a mortgage. And inflation isn't going to reduce the debt in real terms like the 1970s, so two years of staying in every weekend eating baked beans on upturned plastic boxes would turn into ten. And we are also concerned about IRs rising (got to happen soon).