Priced out generation fights back

Graham_Devon

IveSeenTheLight wrote: »

I again think you are looking at this from your own local location rather than as the UK wide spectrum.

I can understand that your area may be difficult, however there are a lot of areas in the UK where this is now the case and people can do it on their own.

Hey, I'm just speaking as one of these people, from experience.

But whay do I know

nollag2006

Doctor_Gloom wrote: »

It'd be alot more help to FTBers if house prices were half what they are now. The government is favouring worthless speculators over hard-working tax-paying people.

Not so.

The tax break is only available to FTBs

StevieJ

MRSTITTLEMOUSE wrote: »

Could'nt agree more.
As for feeling sorry for those who'll never be able to settle,well considering the "for sale" boards that go up every couple of years in the 20-40 somethings age group.They always seem to be on the move,not content with one foot on the ladder but wanting to get to the top.
That's hardly settling.
Anyway you should do what we did,relocate up north.
Some fantastic houses at half the price down south.
Beautiful countryside and the people are great.

I must say I totally agree with you, but keep it quiet please

Just outside Manchester.

IveSeenTheLight

carolt wrote: »

I don't think it's sloppy at all - the fact that the numbers are so low should be a cause for concern. It doesn't concern you, obviously, ISTL, because you stand to make money off the back of it.

Quelle surprise.

It's sloppy as it is not reflecting the UK as a whole.
As some other posters have commented, their statements are patently incorrect.

Your being very assumptious as to my concern or lack of given your perception that I am making money off of it. I don't see the relevance.
As stated many times before, I'm a LL who values rental income and capital value has absolutely no relevance. It will only become a bonus at a time when I choose to sell up which is likely to be 25+ years away.

One property I rent out to a professional.
He is not a FTBer as he already owns other property but for personal circumstances requires to rent as well.
My other property is rented out to students who also have chosen not to buy for their own personnal reasons,
Certainly in the area I own, property is still affordable, although I am not presumptious as others to believe that this is reflective UK wide.

This is the difference, some people look at local information and understand that it is only applicable locally while others somehow believe it is reflective throughout the UK as a way to try an amplify their own situation.

IveSeenTheLight

Graham_Devon wrote: »

Hey, I'm just speaking as one of these people, from experience.

But whay do I know

Like I said, I understand you talking from your local experience, but are you naive enough to think this must be reflective and required everywhere else?

andykn

The article seemed to have the misconceptions and unrealsitc expaecations prevalent on HPC, that you should be able to save enough money while renting a flat on your own to be then able to buy an "average" property as an FTB.

My parents lived with their parents until they bought, I was in flatshares before I bought so I could save a deposit equivalent to 100% of my gross salary (not 25% like "Katy") and subsequently had lodgers for 10 years.

Graham_Devon

IveSeenTheLight wrote: »

Like I said, I understand you talking from your local experience, but are you naive enough to think this must be reflective and required everywhere else?

Somewhere, there will be affordable homes, to some people who can afford homes. And there always will be, no matter what the price of a house is. A group of people will ALWAYS be able to afford.

The majority however, are priced out.

If you want to argue this, then feel free. But I certainly cannot be bothered. It's simplicity itself to see that FTB's, the majority without any outside help, are downright struggling.

If you want to put this down to me being naive, then so be it. But I do feel it's pot shouting black a bit here.

It's not like we haven't had this sort of response to this sort of article before. All those with VI in keeping prices high claiming prices are affordable. Quelle suprise there! Ask the same people about their own children, and they are putting money away to enable their own children to afford a house later in life....

Pu 2 and 2 together, and it aint making four. If prices are so affordable, why are those with VI in keeping prices high making sure their own offspring have money in the back to enable them to afford a house?

carolt

IveSeenTheLight wrote: »

It's sloppy as it is not reflecting the UK as a whole.
As some other posters have commented, their statements are patently incorrect.

Your being very assumptious as to my concern or lack of given your perception that I am making money off of it. I don't see the relevance.
As stated many times before, I'm a LL who values rental income and capital value has absolutely no relevance. It will only become a bonus at a time when I choose to sell up which is likely to be 25+ years away.

One property I rent out to a professional.
He is not a FTBer as he already owns other property but for personal circumstances requires to rent as well.
My other property is rented out to students who also have chosen not to buy for their own personnal reasons,
Certainly in the area I own, property is still affordable, although I am not presumptious as others to believe that this is reflective UK wide.

This is the difference, some people look at local information and understand that it is only applicable locally while others somehow believe it is reflective throughout the UK as a way to try an amplify their own situation.

Does it not occur to you that if all FTBs could afford to buy there would be an awful lot less potential tenants around wanting to rent, and that therefore rents would drop, and it would be much harder to find suitable tenants?

Really???

Oh come off it.

You want a strangulated market because all those priced-out would-be buyers pay your rent. And line your pockets.

End of.

misskool

I don't understand how the press officer earns 40k a year but can barely save 10k over years?

I saved more than that on less. I just learnt what my priorities were and saved. It's all about choosing what you want. Socialist theory is wonderful, but home ownership has never been for the masses. It's only in recent years that people have this mania about ownership.

carolt

misskool wrote: »

I don't understand how the press officer earns 40k a year but can barely save 10k over years?

I saved more than that on less. I just learnt what my priorities were and saved. It's all about choosing what you want. Socialist theory is wonderful, but home ownership has never been for the masses. It's only in recent years that people have this mania about ownership.

Is it a 'mania'? Or is it related to the need for security, misskool?

Why did you choose to buy? Was it due to some 'manic' obsession with buying for its own sake, or due to the desire for a secure home?

This thread and the article make it very clear that the changes in tenancy laws in this country relatively recently have tilted the balance such that renting is not really a suitable long-term option, as it used to be - homes are not secure and rents can be raised at a whim.

I'd agree with your post more if you'd practiced what you preached; if renting wasn't for you, why assume it should be for everyone else?