utterly disillusioned

manhattan

georgy9 wrote:

i dont want to buy (literally!) a crack den for £80k!

lol,i can see ques of profesional FTB'er couples in a bidding war for those crack dens soon!

its right in front of peoples eyes what is going to happen in the near future,but they seem to want to ignore it. wake up people!

georgy9

i watched a barclays (or was it HSBC) advert last night on tv saying they now offer mortagages for up to 4 people to buy into. banks/estate agents are loving it. im staggered that house prices have gone up so much in such a short space of time, and yet estate agents still charge the same. they must be raking it in!!!!! has noone pointed this out? coldfaced, soulless, second-rate salesmen.
i found these interesting: http://news.bbc.co.uk/1/hi/uk/5340878.stm and
http://forums.moneysavingexpert.com/showthread.html?t=262937

Leigh-Anne_60

Not into the ins and outs of FTB/BLT - But even the worst area in Plymouth is like Disneyland compared to some places up north Which area was it incidentally?

(From someone living in Plym, originally from the Strathclyde region of Scotland)

LA

chloebug

Have read right through this thread with interest. I am originally from about 15 miles outside plymouth so can totally support views that house prices are totally unrealistic to earnings thanks to holiday homes and buy to lets. I worked for the council in their housing department there and so saw it from the inside where housing lists spiralled by 10 fold in a five yr period as locals were priced out of the market. The town i lived in the average house price is now 300k and yet average wages remain around 14-18k. How are locals suposed to buy there? In fact last year I'd had enough so my hubby, kids and I moved to the midlands where my husband got a similar job paying 22k as opposed to 15 he earnt in plymouth and we are just buying our first home! Oddly I have noticed that now in the midlands area where we are they are talking about houses being unaffordable too although average wages here are about 20k and houses (3 bed semi) about 140K, so nowhere near as bad as the south west. I loved living in devon but outsiders greed made it impossible to get a foot on the ladder.

Jaymz

This is an interesting thread and I have been following it closely. I have to admit that with prices as they are at the moment something WILL have to happen to help us FTB's get onto the ladder.
I currently have a deposit saved up and earn a fairly decent wage but can't even afford a studio flat around here (South Oxfordshire). And as mentioned by a previous poster there is no way I am going to move 200 miles from my family, job etc so I can buy a tiny flat in the middle of a rough estate.

The best thing for us FTB's to do at the moment is continue to save and wait for this 'so-called' crash so we can then take advantage of the lower property prices

realwildone

I feel we are very close to a big turnround. IR will rise once this year maybe next month or \november and another twice before the middle of next year.

A 1% increase adds another 25% to your mortgage payment. This time it's going to be much worse than the 90's