how is it hard for ftb to get onto the ladder in all places?

PoorDave

meanmachine wrote:

Yes, how unlike the Brits to whinge when their greed makes them do stupid things.

Most recently it's endowments, next it'll be IO mortgages.

These things come around every 15 years, just like every boom and bust cycle.

We're stupid to think that history never repeats itself. And greed makes us blind to that fact.

Oh,and I love how rampant house price inflation is explained away as the result of "hard work", as if anyone has actually earned it. Sorry pal. Easy come, easy go. Too much money in the system, which will have to be paid back over the next 10 years with higher IRs.

Get used to it.

I never said the person had earned the house price inflation.

And i don't think anyone with even a scrap of common sense thinks "it'll be different this time"

PoorDave

bs0u0128 wrote:

one of my properties im selling is a 2 bed terrace, plenty of parking, 2 big bedrooms, bigger than some of my 3beds, and a yard, for just 116950 in northwales, and in a very high end part nr to where michael owen lives, surely thats affordable for people who want houses and not their dream mansion right away?

I like the way this thread has turned into bashing the OP for foolishly admitting to owning more than one property!

Maybe the price is ridiculous when you think about it, but doesn't it say somewhere in the thread similar ones are selling for 118k? So why bash the OP for selling it at 117k?

Perhaps because the post reads like an advert and the OP admits they're trying to get rid of it privately?!

Maybe Michael Owen reads MSE and will want to buy it to become a property magnate like Robbie Fowler

[Deleted User]

How cool would it be having a footy player as a landlord?

I do feel quite odd being a FTBer actually buying an 'average' cost property (i.e. ~200k), and i'm a good 8 years younger than 34. Only managed it by taking an 'advance' on future wedding present and (this sounds terrible) my grandparents will - they agreed they'd rather give it to me when there was no inheritance tax on it.

Even more odd is my gf's friends, the same age and similar salary, all aiming at property 50 - 100k more. Stupid fools

tomstickland

I like the way this thread has turned into bashing the OP for foolishly admitting to owning more than one property!

The OP is mainly being bashed for arguing about the affordability of the house in the location.

I'm 33 and I bought an £86K property 6 months ago.

noyk

PoorDave wrote:

I never said the person had earned the house price inflation.

And i don't think anyone with even a scrap of common sense thinks "it'll be different this time"

Well it was close enough, you said

Life is hard. Success is part luck and part hard work.

Rising prices doesn't spring to mind as being because of hard work either i'm afraid.