Boiiiiiiiiing

HAMISH_MCTAVISH

DaddyBear wrote: »

House prices should have been allowed to fall to their natural level,

They did. Prices fell to long term trend.

What you wanted was the recession, unemployment, and reposessions to be allowed to run unchecked so that prices could overshoot the long term trend, and you could pick one up on the cheap.

Tough.

Lessons have been learned from the 90's fiasco. Unemployment, reposession and business failures are far lower this time around, and that of course is a direct result of the interventions government put in place. The fact that they also halted the house price crash is welcome, but incidental.

Emigration is the only answer for many.

Bye..... Don't let the door hit you on the way out.

UK PLC is corrupt and bankrupt, and unless you are in the top 5% of earners life will be a struggle.

Life has ALWAYS been a struggle for all but the top earners.

You are delusional if you think otherwise.

HAMISH_MCTAVISH

DaddyBear wrote: »

The wife and I are both doctors and are struggling to afford a decent family home, .

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

No, wait.....

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

Sorry, haven't heard anything that funny in weeks.

You're either a very badly paid doctor, or a very bad house shopper.

I struggle to think of any area where a couple of doctors can't afford to buy a decent family house. Even large parts of inner London are affordable to a household on two doctors salaries.

Unless of course you're not a doctor in the medical sense, but a Phd instead.....

Blacklight

sKiTz-0 wrote: »

See I come on here trying to find some useful info and intelligent debate about house prices. I am a single 26 year old, get paid £16,000 a year and am desperately trying to scrimp and save to get a foot on the property ladder.

You didn't say where you lived but on £16k you should at least be able to get a small flat somewhere for about £85k. with a 10-15% deposit the repayment is about £450 a month.

I'm not sure what you're asking.

nembot

You're probably an okay guy Hamish, but you do come out with some [EMAIL="!!!!"]!!!![/EMAIL].

kriss_boy

This board is an embarassment but its a largely harmless embarassment.

House price statistics are wholey unreliable right now as the sample data is so small.

Give it a few years and I think you'll find when sales are up they will be at about 2006/2007 prices, not 2012 prices etc.

doire_2

DaddyBear wrote: »

:rotfl::rotfl:


Oh, I live in a house, and it's worth more than yours.

Did you get a huge helping hand all those years ago to buy it?

doire_2

sKiTz-0 wrote: »

See I come on here trying to find some useful info and intelligent debate about house prices. I am a single 26 year old, get paid £16,000 a year and am desperately trying to scrimp and save to get a foot on the property ladder. I live at home with my Dad and pay him rent. I have had to work 2 jobs >60 hours a week for the past 2 years to get myself out of debt. Due to rising cost of petrol/everything and stagnation in wage increases (i.e. not one increase in 2 years!!) I am getting poorer and poorer year by year and have been priced out of my second job (it figured out around £2.20 an hour after all deductions/expenses and got worse the more petrol cost) As house prices rise and rise they just get more and more out of my reach. The state the economy is in all the companies are trying to get away with paying everybody peanuts, so trying to get a pay rise or a decent job is nigh on impossible. I would be better off by shacking up with someone, popping out a few kids, and sitting on my backside watching Jeremy Kyle on my plasma tv while my children run riot outside and the government pays my rent in my big fat council house. No wonder this country is in such a state. What is it going to take until somebody in the government wakes up to reality, stops all this benefit society garbage, enforces wage increases that match inflation and get house prices back in line with affordability and cap house price increases at the rate of inflation?? Never I think. So I am currently toying with the idea of emigrating to anywhere (haven't studied enough into options available to be anywhere near choosing where yet)

Anyway, my original point before the rant was that I come on this board trying to find some useful info, and just end up spending 90% of my time reading b!tching about bears and bulls and petty name calling and insults.

Can we please call it a day and get some useful information on here instead of making me sift through this rubbish. All I'd like to know is when can I finally get some independance and have my own roof over my head instead of being miserably enslaved into this overworked/underpaid rut where I am essentially renting a room in somebody else's house? I don't want a life where I'm chained to debt and getting deeper into debt every day, tax rises this, spending cuts that. I think something has to come crumbling down soon. And the fallout is gonna be MASSIVE

Dont worry. Labour have run out if ideas and money to keep this doomed market inflated. There is nothing left.

End of stamp duty for 2 years? A sign of a desperate party trying to win votes :rotfl::rotfl::rotfl:

doire_2

HAMISH_MCTAVISH wrote: »

It sure is. For the crashaholics......:beer:

Prices up 10% from trough. According to Haliwide? :rotfl:
New incentives for FTB's. End of stamp duty for 2 years? :rotfl:

No significant falls this winter. Goverment has run out of ideas. The falls will come

Some areas already back to peak, many more getting close. In Aberdeen?

The crash is over. Give up already. Keep telling yourself that...you ahve so much to loose when it crashes

...............................

sKiTz-0

Blacklight wrote: »

You didn't say where you lived but on £16k you should at least be able to get a small flat somewhere for about £85k. with a 10-15% deposit the repayment is about £450 a month.

I'm not sure what you're asking.

a 10-15% deposit is £8500 to £12750. I currently have nearly £8000 of student loan debt, have just finished paying of £6000 of debt (loans/credit cards, all for the cost of living, transport to get to uni etc etc nothing extravagant. But it's ok, thought I, I'll get a good job with my university education and will be able to pay the debt off, and maybe save a deposit for a house) then CRASH, after temping for 9 months when I finished uni, took a job I had no interest in and had a lower wage than I was aiming for, then offered me a lower wage than was advertised due to my 'lack of experience in the area'. I took this job though as everybody has to start somewhere, and I would much rather be in work and contribute something to society and pay my own way, however overworked and underpaid and dissatisfied, as it is better than aspiring to having 6 kids and claiming thousands a year in child benefit/housing benefit/jobseekers etc etc. And all for what? To still be getting deeper into debt as by the time I'd been paid my poxy wage, I'd spent most of it on either getting to work or being at work. Then when I realised the extent of my debt and had a lightbulb moment I got a second job. Worked 16/17 hour days 5/6 days a week. Paying a few hundred off my debts each month. Then redundancies come into play, had to move to another low paid job. Finished paying of my debts and thought 'great, now I can get saving for a deposit and finally move out my old mans place' at 25 years old. Then what? Petrol goes up even more, tax man takes his slice of my second wage, leaving my hourly rate at £2.20 and I start thinking 'what's the point?' give up the second job.

I have a couple of grand deposit I've managed to get together over the last 9 months, nobody will give me a mortgage for more than 60k last time I checked (before lending got restricted quite as much), and what the hell can you buy for that these days? And at that I'd need a 6k-9k deposit. Which I simply don't have.

I'm sure my dad didn't plan on having his son live at home until he was 40, but the way this country is going that's going to be the reality of it unless something changes.

I'm almost at the point myself where I'm going to say 'F*** it', quit my job, stick my name down for a council house and live on benefits myself. Easy life. I don't mind hard work, but struggling every day and having a NON EXISTANT social life, I mean, the last time I went out for a drink was xmas eve, as i simply cannot afford to fritter money away on drinks when I'm trying to save for a house, when I have a full time job that I work hard at, where's the incentive to work?

Pete111

sKiTz-0 wrote: »

a 10-15% deposit is £8500 to £12750. I currently have nearly £8000 of student loan debt, have just finished paying of £6000 of debt (loans/credit cards, all for the cost of living, transport to get to uni etc etc nothing extravagant. But it's ok, thought I, I'll get a good job with my university education and will be able to pay the debt off, and maybe save a deposit for a house) then CRASH, after temping for 9 months when I finished uni, took a job I had no interest in and had a lower wage than I was aiming for, then offered me a lower wage than was advertised due to my 'lack of experience in the area'. I took this job though as everybody has to start somewhere, and I would much rather be in work and contribute something to society and pay my own way, however overworked and underpaid and dissatisfied, as it is better than aspiring to having 6 kids and claiming thousands a year in child benefit/housing benefit/jobseekers etc etc. And all for what? To still be getting deeper into debt as by the time I'd been paid my poxy wage, I'd spent most of it on either getting to work or being at work. Then when I realised the extent of my debt and had a lightbulb moment I got a second job. Worked 16/17 hour days 5/6 days a week. Paying a few hundred off my debts each month. Then redundancies come into play, had to move to another low paid job. Finished paying of my debts and thought 'great, now I can get saving for a deposit and finally move out my old mans place' at 25 years old. Then what? Petrol goes up even more, tax man takes his slice of my second wage, leaving my hourly rate at £2.20 and I start thinking 'what's the point?' give up the second job.

I have a couple of grand deposit I've managed to get together over the last 9 months, nobody will give me a mortgage for more than 60k last time I checked (before lending got restricted quite as much), and what the hell can you buy for that these days? And at that I'd need a 6k-9k deposit. Which I simply don't have.

I'm sure my dad didn't plan on having his son live at home until he was 40, but the way this country is going that's going to be the reality of it unless something changes.

I'm almost at the point myself where I'm going to say 'F*** it', quit my job, stick my name down for a council house and live on benefits myself. Easy life. I don't mind hard work, but struggling every day and having a NON EXISTANT social life, I mean, the last time I went out for a drink was xmas eve, as i simply cannot afford to fritter money away on drinks when I'm trying to save for a house, when I have a full time job that I work hard at, where's the incentive to work?

Well I can't solve most of your problems as listed but if you are desparate to get out of your dad's place you could rent (maybe a flatshare) for a bit?

At your age, you want to be enjoying life a smidge more rather than staying in all night & vainly (sorry but thats what it sounds like) chasing what is clearly a bit of a dream at the mo.

Best of luck finding a more rewarding job obviously - sounds like you have had the right attitude re that so far and please don't jack things in quite yet!