Mainstream media article says it's not lending, its prices.

shortchanged_2

Joeskeppi wrote: »

I don't disagree that houses are expensive, but there were massively more FTBers a few years back when prices were considerably higher.

So how can it be entirely down to prices?

Another factor contributing to this Joeskeppi along with the 100%+ mortgages was the lax lending with the banks throwing interest only mortgages at people without checking properly if they had the means in place to pay the mortgage off at the end.

This resulted in some people having a false sense of affordability when it was likely that they would not have been able to afford a repayment mortgage at the level they took out.

Graham_Devon

Ever get the feeling you have been here before?

Same people, disagreeing with the same people, who disagree with each other over everything, doesn't matter what it is really, just need to disagree.

Bring up how more people used to live, i.e. one wage earner and it's back to "not my mum and dad". Bring up the fact that most with kids do not actually both work full time, and its "but I know people that do". Bring up the fact that the average price is out of kilter with wages and its "well not in my street, and I know someone who bought a house cheaper than the average". Comes to childcare, and of course all the optimists have granparents on hand and so do all their friends etc.

Then you have blacklight, who seems to think someone, somewhere, is suggesting we want houses for free, coming up with genius contributions such as "well if you want a house, you have to work, simple".

Yawn.

ess0two

Graham_Devon wrote: »

Ever get the feeling you have been here before?

Same people, disagreeing with the same people, who disagree with each other over everything, doesn't matter what it is really, just need to disagree.

Bring up how more people used to live, i.e. one wage earner and it's back to "not my mum and dad". Bring up the fact that most with kids do not actually both work full time, and its "but I know people that do". Bring up the fact that the average price is out of kilter with wages and its "well not in my street, and I know someone who bought a house cheaper than the average".

Then you have blacklight, who seems to think someone, somewhere, is suggesting we want houses for free, coming up with genius contributions such as "well if you want a house, you have to work, simple".

Yawn.

Probably sums up this whole forum.

Graham_Devon

ess0two wrote: »

Probably sums up this whole forum.

Probably.

Would be nice to have a proper debate though for once, instead of debates based on "i know this person, and my friends did this" though, wouldnt it?

Why is reality such a hard thing to comprehend? Reality being, you can't simply work, without paying childcare, if you have children under say 10. So I don't know why people suggest both parents CAN indeed work, and make a point of ignoring the childcare, to say house prices are achieveable.

Sure, achieveable in a world that doesn't actually exist, as you need to pay childcare, or you need to stay at home. Sure, someone somewhere may have a granny who looks after the kids 5 days a week, but it's hardly the norm, is it.

ukcarper

Graham_Devon wrote: »

Probably.

Would be nice to have a proper debate though for once, instead of debates based on "i know this person, and my friends did this" though, wouldnt it?

Why is reality such a hard thing to comprehend? Reality being, you can't simply work, without paying childcare, if you have children under say 10. So I don't know why people suggest both parents CAN indeed work, and make a point of ignoring the childcare, to say house prices are achieveable.

Sure, achieveable in a world that doesn't actually exist, as you need to pay childcare, or you need to stay at home. Sure, someone somewhere may have a granny who looks after the kids 5 days a week, but it's hardly the norm, is it.

I believe you live in Devon and I think that shows the problem of using national average . According ons average full time wage in West Devon is just under £20k but the average semi is £183k

geneer

Lordy. This is interesting.
The old "Its all about Supply and Demand Innit" posse have come to the stunning realisation that the bubble was caused, in large, by a surplus of credit and loose lending.

Fanks for the Educayshun Bools. ZZZZZZZZZZZZZZZzzzzzzzzz

But you still don't seem to have gotten your heads around the rather obvious reasons why this was a bad thing and wont be coming back any time soon.

StevieJ

Graham_Devon wrote: »

Probably.

Would be nice to have a proper debate though for once, instead of debates based on "i know this person, and my friends did this" though, wouldnt it?

Why is reality such a hard thing to comprehend? Reality being, you can't simply work, without paying childcare, if you have children under say 10. So I don't know why people suggest both parents CAN indeed work, and make a point of ignoring the childcare, to say house prices are achieveable.

.

Why? are the kids playing truant or wagging it as they used to say in my part of the world,

Graham_Devon

StevieJ wrote: »

Why? are the kids playing truant or wagging it as they used to say in my part of the world,

Were talking about 2 parents working full time.

chucknorris

StevieJ wrote: »

Why? are the kids playing truant or wagging it as they used to say in my part of the world,

Steve, I used to play the wag all the time as a child, obviously I left school with poor qualifications, and ended up as an electrician, rather than a professional. But suddenly I realised at the age of 27 what a fool I had been and went back into education as a mature student aged 28 (after a year bridging course) and got a first class honours degree, which really switched my life around, which lead to a far more profitable career than business owner.

Even now I can't explain why I was so 'none compliant' as a child, to be honest even though I have been through that experience I would still struggle to deal with a 'carbon copy' of myself at that age.

IronWolf

adr0ck wrote: »

so average salary in the UK is £26,510 and the average price of property is £163,177.

so £26,510 x 2 = £53,020

so the average price of property is just over 3 times income for a couple nowadays

doesn't sound too much to me

Interesting that the household income is probably more important than average income. Nowadays there may be more working couples and less sole breadwinners.