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Debate House Prices


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Comments

  • sKiTz-0
    sKiTz-0 Posts: 943 Forumite
    edited 25 March 2010 at 5:41PM
    Having somewhere to live is a dream?

    Re: the job, I have 2 interviews lined up tomorrow. Have been applying since Jan 1st, both are for same position as I'm in now, one 15 miles away, pays 3 grand more. The other just over 30 miles away, pays 8 grand more. Wish me luck :)
    This is WAY more fun than monopoly.
  • Pete111
    Pete111 Posts: 5,333 Forumite
    Mortgage-free Glee!
    sKiTz-0 wrote: »
    Having somewhere to live is a dream?

    Re: the job, I have 2 interviews lined up tomorrow. Have been applying since Jan 1st, both are for same position as I'm in now, one 15 miles away, pays 3 grand more. The other just over 30 miles away, pays 8 grand more. Wish me luck :)


    Sad to say but it sounds like it at the mo. However, best of luck with the interviews and hopefully all your dreams can come true!!

    *sprinkles magic dust*
    Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger
  • sKiTz-0
    sKiTz-0 Posts: 943 Forumite
    Yes, maybe one day, I too will have somewhere to live
    This is WAY more fun than monopoly.
  • 92203
    92203 Posts: 239 Forumite
    Part of the Furniture Combo Breaker
    This thread sums up precisely how Britain is broken!

    Nine years ago, where I used to live (Lincoln), it was possible for someone on a minimum wage to afford a house of their own. Admitedly it would be in a grotty area and be a terraced house, but never the less it was some where they could live. I used to work at a supermarket (as a student), and had "full-timer" friends who were buying houses at the time.

    Presently, those same grotty houses are only affordable by people on at least double the minimum wage! Ridiculous!

    sKiTz-0 has been taken in by all the labour lies, taken out a student loan, worked hard to get a degree, attempted to get a decent job, and has found himself no better off than someone who left school with no qualifications.

    I too have been sucked in by all the false promise and hope. My girlfriend and I spent years saving up a £20k deposit for our house, which we purchased in 2006. The house was nice, but was very small, so not really the family home we wanted. The neighbourhood was initially very pleasant, however as the years went on, more and more properties were purchased by btl investors, and we found ourselves surrounded by Eastern European immigrants (nice people, but very noisy and inconsiderate - esp late at night!), and people on housing benefits who had no respect for the area or the people in it.

    Our mortgage went onto SVR last year and went down by over £100 per month, however various factors made our life there unbearable. These included noisy/inconsiderate/chav neighbours in the BTL properties, and uncertaintly over my job (I needed to be earning >£25k to pay the mortgage and bills while my girlfriend is training to be a nurse). It is ridiculous that we needed such a high wage to support our lives in what was essentially a modern 2 bed terrace.

    We have walked away with half our deposit and now rent a beautiful flat in a lovely City Centre location. Very few chavs, plenty to do, and closer to my girlfriends university.

    I do worry whether or not we'll manage to buy another house, but there is no way I am willing to be ripped off again and pay 3 times more for a house than the previous owner did!

    A message for sKiTz-0, if you keep on plodding on with your job for a few years, your wage will go up, if not, move companies! Enjoy life, and don't focus too much on home ownership. It is vastly overvalued and over priced in this country.

    With your degree, you should also be well positioned to emigrate to another country which has better fiscal policies, a more prudent approach to house price inflation, taxation of the low/middle earners, and ultimately better employment prospects.
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