Britain Can't Afford Falling House Prices

Jim_B_3

Graham_Devon wrote: »

Funnily enough, the answer to not being able to afford a house, is to cut the iphones and tv subscriptions...

This is so true; buying a new iphone every week is round about the same as a mortgage. I'm sure we all know people who have drawers and drawers full of iphones.

Pimperne1

Percy1983 wrote: »

Exactly my point, my dad was a security man and my mum was a part time checkout operator when they bought there current house, to buy the same house with those jobs now is impossible.

Actually I don't think you could make this point much better. You have encapsulated the fact that houses are now beyond the reach of the average family. The question is whether this will stay the same or if it will change and that is why we are on sites such as this.

StevieJ

Pimperne1 wrote: »

Actually I don't think you could make this point much better. You have encapsulated the fact that houses are now beyond the reach of the average family. The question is whether this will stay the same or if it will change and that is why we are on sites such as this.

If Percy can't afford to buy in Oldham, then there is no hope. I had a quick look, I am on page 14 on Rightmove and still not past £60k.

Cleaver

packoftwenty wrote: »

Yet we have certain geniuses on here (defenders of the fractional reserve banking system) who try to tell us that nothing is different, and that things are just hunky dory now, even though the overwhelming majority of people under 30 have NO HOPE of buying a house, which I think is absolutely disgusting.

You know a lot about the posters on this board considering that you only joined today.

Thrugelmir

StevieJ wrote: »

If Percy can't afford to buy in Oldham, then there is no hope. I had a quick look, I am on page 14 on Rightmove and still not past £60k.

At a rate of £8 per hour. Thats still over 3.5 times annual earnings.

chucky

Cleaver wrote: »

You know a lot about the posters on this board considering that you only joined today.

smashing, lovely, super.

that cleaver chap has finally come off that fence!!!

bad day sunshine??

Cleaver

chucky wrote: »

smashing, lovely, super.

that cleaver chap has finally come off that fence!!!

bad day sunshine??

Eh?

........

ukcarper

packoftwenty wrote: »

I would say this is a fact for about of 99% people who are 40 years old or older. My parents bought a 3 bed semi in a small village, that today is worth £200,000, my mother didn't work, and my father had low paid jobs all his life, yet still managed to pay for the house, and the rest of the family (two brothers as well as me).

Yet we have certain geniuses on here (defenders of the fractional reserve banking system) who try to tell us that nothing is different, and that things are just hunky dory now, even though the overwhelming majority of people under 30 have NO HOPE of buying a house, which I think is absolutely disgusting.

I love posts like this average salary 1972 about £1.5k average house price about £7.2k.

chucky

Cleaver wrote: »

Eh?

........

your posts are usually more indirect than asking the straight question that you did.

Percy1983

StevieJ wrote: »

If Percy can't afford to buy in Oldham, then there is no hope. I had a quick look, I am on page 14 on Rightmove and still not past £60k.

I may have to add this to my signature as I say it more than enough.

I CAN AFFORD A HOUSE! I am saving a deposit.

Also I will repeat that the 60k and less houses are not for me usually they are 2 bed terraces (not big enough as we want to start a family) and the areas many are in are not areas I would wish my enemys to live in. + we want parking for 2 cars.

EG if I had my deposit right now I would be looking at this:
http://www.rightmove.co.uk/property-for-sale/property-30866357.html

Now yes its will take me longer to get that than a 40k terrace in a bad area, and if I could have afforded one 5-6 years ago I would be in one now. But with both me and my other had we have had poor wages while training followed by below average, then average and then above average. So its only more recently we have had any power to buy anything, but due to the sacrifices we made earlier we are both on good money and as mentioned the banks are willing to give us £145k on a mortgage when we last asked, which buys a lot in Oldham.

The whole we have it easier we have iphones thing gets me so for the record,I don't own an iphone (or any other 'smart' phone) my phone is over 5 years old I think.

I don't want to say to my children one day, sorry you will never be able to afford a house, but you have it easier because 80" 3DTV's are only £200.