Get ready for the storm

The-mouth-of-the-south

beccad wrote: »

More to the point, people often look at central London as their marker for average prices, which obviously puts the £38k average London salary massively out of whack with the million-pound properties they're looking at

I think people forget that the baby-boomers in their nice four-bed detached houses didn't start off there. They probably started off in one of those little 2-bed terraces in a not great area and worked their way up. Most people have to start off in the cheap seats when it comes to property. Bit like a job - you don't stay in your entry level job all your life do you. As your experience grows so does your salary, enabling you to buy a better property as you go along.

While I agree with some of your points, lots of the people with nice homes started off in homes which are much nicer than some of the ones people struggle to buy nowdays - also its not just the home its the area - i would happily buy (if funds allowed) a shack in a nice area and do it up bit by bit.

House price inflation went off into the sky during the late 90s and early to mid 00s - this can not be denied.

StevieJ

The-mouth-of-the-south wrote: »

Come off it, he has already stated that he is a good neighbour - c

To quote MRD 'He would say that wouldn't he' He is making wild judgments about people he has not even met who live in FTB properties, remember he himself would be on of those neighbours :eek:
.

IveSeenTheLight

Procrastinator333 wrote: »

Should really have carried on my thought in the next paragraph, the rising house prices won't have made a difference to affordability and rates are pretty much unchanged over last year, so makes sense the % is the same.

Don't quite get what the smiley is for?

The cheeky smile was simply clarifying your assumption that the percentage would rise in the last year, when in fact ithadn't

Procrastinator333 wrote: »

I'm purely speculating as I can't find the methodology, but what is the spread on the %s, with some in negative equity on crap deals, and some on 0.25% trackers, there could easily be many at each end.

Anyway, bit of a mute point as all this really shows is that mortgage costs have gone down with interest rates, not the moat controversial of points.

It's not a moot point.
It shows that the persentage of mortgage paid is a smaller percentage of peoples income.
Lower than the average over a 27 year period

Procrastinator333

IveSeenTheLight wrote: »

The cheeky smile was simply clarifying your assumption that the percentage would rise in the last year, when in fact ithadn't



It's not a moot point.
It shows that the persentage of mortgage paid is a smaller percentage of peoples income.
Lower than the average over a 27 year period

Ok, will rephrase slightly, it's a moot (never realised how it was spelt) point to me. With 0% rates and so many trackers out there, it really isn't a surprise and was aware the actual mortgage burden as a % won't be high for most.

What I was curious about is the spread, that would have been new info (to me anyway).

Anyway, cheers for posting that link.

92203

StevieJ wrote: »

You sound like a class A snob, maybe it is Karma

The-mouth-of-the-south wrote: »

Cleaver who would you rarther live next door to 99203 or the rough and ready types?

Firstly, I am the first to admit that I'm a snob, and my opinions are based on my experiences of having lived near people who would be described as being in the lower echelons of civilisation, by even the most liberal of minds..

I do not appreciate being kept awake all night because some inconsiderate oik is playing loud music, or having to listen to a cacphony of drunk voices shouting all afternoon and evening because the person who lives next door to me has nothing better to do with their sunday afternoon. I do not want to feel intimidated because I ask my nextdoor neighbours child to stop kicking his football against the wall and near my car. I do not want to have to listen to my next door neighbours screaming obscenities at their wife, or swearing at their children. I really hate being woken up at 1 AM because my neighbours decide to have a conversation by shouting across the street at each other. I found the fact that every time the weather was nice, one of my neighbours would set speakers up in his garden and play rap music very loudly to be annoying too.

Conversley, I have no problem with watering my neighbours plants for them, taking deliveries for them, keeping the neighbour hood tidy, and ensuring that if I have friends round late, we show consideration for them by ushering them out quietly and speaking very quietly when out in the street, however this has been non-reciprocal.

The two paragraphs actually reflect my experience of having owned my own property in an area which I could afford (with the aid of a £20k deposit). It isn't a pretty picture, nor is it a pleasant topic to write about, but we live in a society where people can adversley impact the lives of others without consequence.

I felt so disheartened, out of place, and ultimately trapped there, that I sold up and am now renting in a much nicer area. I will continue to do so until an opportunity opens up for me to own a tiny house in a nice area, without subjecting myself to a massive financial risk.. To add further insult to injury, I was actually financially stretched in being able to afford to own a house in such an area too.

If you don't think you'd mind living in such an area, please feel free to give it a try, and let me know what you think!

StevieJ

92203 wrote: »

If you don't think you'd mind living in such an area, please feel free to give it a try, and let me know what you think!

I am sure I have at some point, but to be honest I have never had a problem with my neighbours.

92203

StevieJ wrote: »

I am sure I have at some point, but to be honest I have never had a problem with my neighbours.

This was not me having a problem with my neighbours. It was a selection of my neighbours having no consideration for those around them.

I made great efforts to maintain an amicable relationship with my neighbours, as I did not wish to be targetted or have ill-will directed towards me. I never mentioned the noise level except once in passing, as I believed that if my neighbours held any concern or consideration for anyone else at all, they would have never been a nuisance in the first place.

The doctrines of common sense, decency and neighbourliness would make me think twice before playing loud music in my garden, listening to loud music late at night, or shouting acrosss the street at 1am as I bid my friends farewell.

It is not an unreasonable assertion for someone with a half decent job to be able to expect to live in an area where people hold similair values to their own.

StevieJ

92203 wrote: »

It is not an unreasonable assertion for someone with a half decent job to be able to expect to live in an area where people hold similair values to their own.

or shouting acrosss the street at 1am as I bid my friends farewell.

What a truly despicable thing to do

The-mouth-of-the-south

Steviej - by your own admission you have always got on with the people next door which implies they where human. Some people are worse than animals to live near.

92203

StevieJ wrote: »

or shouting acrosss the street at 1am as I bid my friends farewell.

What a truly despicable thing to do

I was merely using this to illustrate the lengths I would go to in order to show consideration to my neighbours.

Some of people on my street had no aversion to have loud conversations (both with other people or on their mobiles) outside at 2 or 3 in the morning. Understandably I found this irritating, especially when I had to get the train into work at 7 the next day!