why do people complain about high house prices?

boomerangs

rumbaba wrote: »

I see your paranoia's still raging. Either that or you have a crush on PP.:o

Oh look, it's The Return of the Sockie. :rotfl:

pickledpink is pulling out all the stops tonight.

Emy1501

Euphoria1z wrote: »

do you reckon house prices as an average will be aprx 3-4 times what they are now in the next 15-20 yrs ?

Will depend on where we are in the cycle. I doubt any housing bubble will reach more than 5 times average wage based figures used by Haliwide. I suspect in the next crash it could go as low as 2.5-3X

sKiTz-0

The simple fact of the matter is that as a SINGLE first time buyer I have never had a hope of getting on the property ladder. Up until 3 years ago I was a student, so didn't have any money or a full time wage. Since leaving uni I've been paying debts off ready to build up a deposit for a house. Then just before my debts are paid off the crash happened. No more 100% ltv mortgages, all the rules changed, now you need a massive deposit, I can't get a mortgage for anything like I'd need to buy a house on my salary.

I think it's a combination of house prices increasing at a faster rate than wage increases, and a tendency nowadays to have 2 wage coming into a household to be the norm, whereas in the 70s/80s only 1 income was normal.

So where does that leave the single guy like me? With a small deposit, a !!!! wage (with the economic climate I don't think that is going to change any time soon. Companies are being very ruthless about where and how they can cut back on your pay, whether that's not giving out raises, offering you jobs at a lower rate than advertised etc etc) I have no chance of getting on the ladder.

it's not that I don't want to. I just simply can't, never have been able to, and never will be able to if prices keep rising. There are many more like me in my boat, the only ones of my friends who have a place have either bought with their partner or living off bank of mum and dad. All the single ones are still living with parents desperately saving up. I had my first night out since October on Friday, and I felt guilty about spending £20 on a night out because it wasn't going into my savings/deposit for a house pot. So much so that I even walked home for an hour to save on taxi fare.

How many of you oldies from the baby boom generation can say you had it THAT hard to put a roof over your head. My Dad has always had a trip to the pub at least twice a week, and will no doubt continue to, as he now owns his house outright seeing as though it was so affordable back then.

I'm lucky if I get 2 trips to the pub in 6 months. Life shouldn't be about slaving away every single living second just so you have somewhere to sleep. you should be able to enjoy it too. You know how much work the average caveman had to do in a day? Including hunting, making tools etc?? 2 Hours!! 2 Hours.

How the hell are we any richer nowadays? We're not. We've got gadgets and gizmos sure, but things which save time means more time you can spend working to make some fat cat at the top of your company profit and pay the f&^$£ng taxman his slice of the pie.

What was wrong with building a hut, hunting for food when you were hungry, and spending the rest of your time socialising round a campfire.

I for one know where I would rather be.

And all because house prices are so astronomical thanks to this stupid system of money and economics that we seem to be forced into even though IT CLEARLY DOES NOT WORK

ess0two

Emy1501 wrote: »

Will depend on where we are in the cycle. I doubt any housing bubble will reach more than 5 times average wage based figures used by Haliwide. I suspect in the next crash it could go as low as 2.5-3X

Interesting reply,you saying this crash is over?

ukcarper

sKiTz-0 wrote: »

The simple fact of the matter is that as a SINGLE first time buyer I have never had a hope of getting on the property ladder. Up until 3 years ago I was a student, so didn't have any money or a full time wage. Since leaving uni I've been paying debts off ready to build up a deposit for a house. Then just before my debts are paid off the crash happened. No more 100% ltv mortgages, all the rules changed, now you need a massive deposit, I can't get a mortgage for anything like I'd need to buy a house on my salary.

I think it's a combination of house prices increasing at a faster rate than wage increases, and a tendency nowadays to have 2 wage coming into a household to be the norm, whereas in the 70s/80s only 1 income was normal.

So where does that leave the single guy like me? With a small deposit, a !!!! wage (with the economic climate I don't think that is going to change any time soon. Companies are being very ruthless about where and how they can cut back on your pay, whether that's not giving out raises, offering you jobs at a lower rate than advertised etc etc) I have no chance of getting on the ladder.

it's not that I don't want to. I just simply can't, never have been able to, and never will be able to if prices keep rising. There are many more like me in my boat, the only ones of my friends who have a place have either bought with their partner or living off bank of mum and dad. All the single ones are still living with parents desperately saving up. I had my first night out since October on Friday, and I felt guilty about spending £20 on a night out because it wasn't going into my savings/deposit for a house pot. So much so that I even walked home for an hour to save on taxi fare.

How many of you oldies from the baby boom generation can say you had it THAT hard to put a roof over your head. My Dad has always had a trip to the pub at least twice a week, and will no doubt continue to, as he now owns his house outright seeing as though it was so affordable back then.

I'm lucky if I get 2 trips to the pub in 6 months. Life shouldn't be about slaving away every single living second just so you have somewhere to sleep. you should be able to enjoy it too. You know how much work the average caveman had to do in a day? Including hunting, making tools etc?? 2 Hours!! 2 Hours.

How the hell are we any richer nowadays? We're not. We've got gadgets and gizmos sure, but things which save time means more time you can spend working to make some fat cat at the top of your company profit and pay the f&^$£ng taxman his slice of the pie.

What was wrong with building a hut, hunting for food when you were hungry, and spending the rest of your time socialising round a campfire.

I for one know where I would rather be.

And all because house prices are so astronomical thanks to this stupid system of money and economics that we seem to be forced into even though IT CLEARLY DOES NOT WORK

It’s no good going back to 70s in the seventies by the time most people were 22 they were married and had been working 6 or 7 years not much chance of going to university then. Personally my wife and me only went out once a week and had a couple of drinks at the local. Also Single people very rarely bought houses.

In the area I live it’s still possible for a couple on average earnings to buy a house but that is because in relation to their wages they can borrow more.

Where I live a single FTB on average wages would be able to buy a one bedroom flat

flea72

sKiTz-0 wrote: »

The simple fact of the matter is that as a SINGLE first time buyer I have never had a hope of getting on the property ladder.

a single person would never have expected to own a house, even if you only went back 20yrs, to your own parents generation. those who did, were in the minority, and they only expected to have the smallest of dwellings (ie bedsit, in the less favourable areas)

the biggest problem is peoples expectations of what they deserve, as part and parcel of owning a home. go back one generation, and if you did manage to buy a house, you couldnt afford to furnish it, you have very few white goods, and you were lucky if you could even afford a tin of paint to spruce up the previous owners tastes

Most ftbs think the bottom run of the property ladder, is a full fitted, 3bed semi in a nice area, hence the £250k stamp duty threshold (even in the SE this could put you in your 3rd/final property price range)

Also people have to learn that going to Uni, wont get you that higher level of income that you think you deserve, just by delaying your venture into the real world

There is so much whining about not being able to get on the property ladder. if it irks you so much, then lower your standards, and buy what you can afford. seeing as this is what all previous generations did

F

shane42

i cant believe anyone is actually replying to the OP , what a stupid thing to say ! a pathetic simplistic statement!

lvader

Doom_and_Gloom wrote: »

I'm a girl so not a 'bruv' :eek:.

You 2 should get married, you are so obviously made for each other.

sKiTz-0

So now I have to find a girl and get married to be able to live somewhere?

Or live on the streets?

No thanks to either option

EDIT - and for what it's worth I do deserve a better income for going to uni. Maybe not better than somebody who left work straight after school as they have worked up the ladder. But better than the wage I was on and not happy with that made me have a second crack at going to uni in the first place. Everybody said it was the right thing to do, it was just expected that I went. I worked hard and got into debt for years to gain that qualification. And now I'm no better off than where I was, worse really. I'd have been better getting a trade or starting off somewhere after school and working my way up with time served. For jobs at the bottom I'm overlooked as I'm over qualified. For Mid range jobs, companies aren't offering decent pay as I came into the job market at the wrong time, and any that do offer ok pay when advertised always come back with a lower offer, and the top jobs I can't get 'cos I don't have the experience. I'd be better off jacking everything in and becoming a benefit scrounging scumbag. It's that which gets me so riled up.

Doom_and_Gloom

lvader wrote: »

You 2 should get married, you are so obviously made for each other.

I think my fiance would have something to say about that :rotfl:. No offence Doctor Gloom but my fiance is not one to share me with another guy.