So if the average FTB age is 37......

ultrawomble

Conrad wrote: »

ave cost of £20 (the going rate here)

Why pay that when you can scratch them yourself for free :rotfl:

custardy

leveller2911 wrote: »

Well we have 24 sashes in our windows, 2 glazed doors and ours cost £8-00 for the whole house, take into account travelling between jobs (unless they are extremely lucky in getting every single house in the street) sorry M8 it just doesn't add up for me.It would take 30 minutes to do my house and we live in a small 3 bed semi .Do you all live in dolls houses there?.

I'm in East Sussex and its not cheap to live here..So where are you then Conrad?

£5 a house here

FTBFun

Conrad wrote: »

I know 2 blokes who make this.

3 houses per hour, @ ave cost of £20 (the going rate here) = £60ph

8 hours (1 bloke does longer though) = £480 p day

6 days X £480 = £2880 per week.

Bare in mind only about £20,000 shows as net profit, so true take home is at least £1500 p week.

Thats why official income stats should always be taken with a dose of salt

Tax evasion. How lovely.

IveSeenTheLight

tara747 wrote: »

No brainer? How? Buying at the peak of the biggest property bubble in history is better than renting or staying with the folks a while longer?

Can you explain your comment?

Certainly in my VI area, house prices have practically stagnated for the last three years.
No crash and no HPI.
Many properties are cheaper to buy than rent.

It's quite possibly area dependant.
I rented for 3 1/2 years and in all honestly, if I'd gotten my finger out and started earlier, I'd be in an even better position than I am now.

How long do you rent? How much is paid out in that time?
If you stay with parents, how much are you imposing on them? Do you really need to be dependant on mum and dad.
Best thing I did was move out as it made me be independant and step up in the world.

How long is a "while longer"?
The peak was in 2007, coming up for 4 years ago.
How much longer is a "while longer"?
Why compare to peak? It's such a short timeframe.

If you bought in 2005, would you be worse off now?
If you bought at the beginning of 2009, would you be worse off now?
The peak is irrelevant unless you actually bought at that time.

It's horses for courses of course.
If prices are tanking in your area then maybe it's worth holding off.
If it's stagnating, increasing or even reducing marginally, it's better to buy.
Every month you pay your mortgage, the mortgage interest reduces (not considering interest rate changes). As time goes your effective rent is reducing whilst in reality actual rents increase

IveSeenTheLight

ultrawomble wrote: »

That's a very interesting concept. What is the natural time? Has our society really benefited from the loss of multi-generational occupancy. I can see several big negatives, and no positives.

What is the natural time?
Personally I would have thought early 20's.
Enough time to support as a youngster, support through education including university etc.
From then on, they should be looking to be more independant.

Here in Malaysia, I've seen 4 generations living in the same household.
There is no real pension here so the older generation bring up the children while the parents go out and earn to support the whole family.

IveSeenTheLight

leveller2911 wrote: »

So I guess you would agree that if you lost your job, made redundant or became ill then thats not bad luck its due to the decisions you made.........

To a large extent yes.

I worked for a company that was planning to develop an overseas "one stop shop" for customers to get their equipment built, tested, refurbished etc.
Naturally, this raised concerns for the plant I worked at.
Would they be downsizing in the future, what was the likelyhood for job losses.
So I made a decision not to wait for that to happen but to adjust my career to benefit from it.

I have also had to have some major surgery due to illness.
Did I let that hold me back? No, I communicated well with my employers, did all I could to recover quickly and got back to work.
Did my employers hold this against me? No, they saw my potential and put me on a development plan to significantly advance me. Why? because of my work ethic and decisions I made.
It's not luck that I drew the right straw and got the promotion oppertunities.

leveller2911 wrote: »

IMO luck/fortune pays a major part in life, to a certain extent I believe you can influence your life through your decisions but luck plays a Major part in all our lives..

I prefer to think of it instead of luck, that the decisions you've previously put in place has resulted in you being in a position to benefit it.

Are lottery winners lucky? Or did they give themselves an opportunity to benefit y making the decision (gamble in this case) to buy a ticket

leveller2911 wrote: »

Its kinda strange how we humans don't like to admit luck/fortune as I think we see it as a weakness.....I don't .

I once saw my side score a goal as the keeper kicked the ball off the striker back into the net.
Was it luck?, to an extent yes, but if the striker hadn't decided to be there, there would have been no luck

I'm a firm believer you get out what you put into life.
Put in Jack !!!!!! and you'll get Jack !!!!!!.
Put yourself in a position to improve and generally good things are more likely to happen

geneer

IveSeenTheLight wrote: »

To a large extent yes.

I worked for a company that was planning to develop an overseas "one stop shop" for customers to get their equipment built, tested, refurbished etc.
Naturally, this raised concerns for the plant I worked at.
Would they be downsizing in the future, what was the likelyhood for job losses.
So I made a decision not to wait for that to happen but to adjust my career to benefit from it.

I have also had to have some major surgery due to illness.
Did I let that hold me back? No, I communicated well with my employers, did all I could to recover quickly and got back to work.
Did my employers hold this against me? No, they saw my potential and put me on a development plan to significantly advance me. Why? because of my work ethic and decisions I made.
It's not luck that I drew the right straw and got the promotion oppertunities.


I prefer to think of it instead of luck, that the decisions you've previously put in place has resulted in you being in a position to benefit it.

Are lottery winners lucky? Or did they give themselves an opportunity to benefit y making the decision (gamble in this case) to buy a ticket



I once saw my side score a goal as the keeper kicked the ball off the striker back into the net.
Was it luck?, to an extent yes, but if the striker hadn't decided to be there, there would have been no luck

I'm a firm believer you get out what you put into life.
Put in Jack !!!!!! and you'll get Jack !!!!!!.
Put yourself in a position to improve and generally good things are more likely to happen

Just an observation, but doesn't it appear to me mostly "property bulls" stroking themselves off for the benefit of the forum.

I'm no psychologist, but its almost as if they're compelled to attempt to make up for other perceived failings.
For example in the field of house price crash predictions.

geneer

IveSeenTheLight wrote: »

Certainly in my VI area, house prices have practically stagnated for the last three years.
No crash and no HPI.

Gosh. Bulls who claim house prices haven't changed in their area.
Thats a teeny tiny club isn't it. :rotfl::rotfl::rotfl:

jjsimcox

FTBFun wrote: »

Tax evasion. How lovely.

And this Conrad person is a mortgage broker? That explains alot. viz why we had liar loans followed shortly by an almighty boom and bust.

geneer

Out,_Vile_Jelly wrote: »

I'm glad to hear your life has worked out so perfectly for you.

Buying in your 20s clearly makes sense if you are fortunate enough to be absolutely certain of your career, location and life partner. Lucky you if that all falls into place while you're young.

It is of course a fact that those who study at the "university of life" tend to settle down quicker than those who do not.

That aside, theres nothing wrong with it, but its clearly not for everybody.

Theres a lot here made about the cost of buying v renting a house, but the reality is, most 20 somethings are content to house share, for flexibility, affordability and location.