House Prices Simply Too Expensive For The Young

ultrawomble

ukcarper wrote: »

Depend on your outlook but any way you cut it the 10 years between 1991 and 2001 were a good time to buy.

Indeed.

Re: your previous point - a quick look at the latest Halifax data does show that average house prices were 3.25-3.5X average earnings in 2001, whereas the 2010 numbers are 4.5-4.7X. Just about evens above and below on that score.

the_flying_pig

Conrad wrote: »

"It's so unfair that people got more for thier money in 2000 than I can now, it's unjust". "I'll have to slum it in a new 2 bed appartment in one of the safest most comfortabkle nations on Earth"

Tell that to her in Metro Manilla, it's actualy quite pathetic...

That's incredibly fatuous (look it up), Conrad.

Exactly on a par with ludicrous ‘arguments’ like:

(a) Why should we get excited about the UK’s armed forces being scaled down? They’re still stronger overall than Vatican City’s
(b) Why should we worry about public spending cuts? Our public services are still, overall, better than in Liberia;
(c) Why bother looking at UK GDP growth or inflation data? Shouldn’t we just be thankful that we’re not Zimbabwe?

In relatively rich countries such as ours, elections are entirely won and lost over matters that, without exceptions, smack of pettiness & triviality by the standards of the very poorest people people in the world. In cases you hadn’t noticed.

Pete111

Graham_Devon wrote: »

I don't live in Cornwall. That was just the challenge set to you after you asked for it...and not by me, I might add.

It's cute to see you all getting yourselves excited, by talking about FTB's wanting pools and such like....I guess that's all you can do, when faced with reality....stick with stuff which doesn't actually exist, apart from in your own minds.

Like with these affordable houses...make out they exist, but just not on locals wages. Pretend that people can simply up sticks, leave the job (which pays for the house) and relocate, just like that.

Make out FTB's want pools, 4 bedrooms and a veranda. Pretend thats what people are saying and wanting then all base your facts on this pretence.

Far better than actually accepting property is, on averagem unaffordable and a large chunk of the precious ladder is priced out.

How very dare you! - my whole point (re the pool comment) was that I am not an FTB. (Heaven forfend)

Conrad

the_flying_pig wrote: »

Exactly on a par with ludicrous ‘arguments’ like:
(b) Why should we worry about public spending cuts? Our public services are still, overall, better than in Liberia;

What's 'ludicrous' is to expend negative energy dwelling on price to income ratios now, when in fact one can still buy a home accross the UK in decent areas and live in realtive comfort.

To bemoan your lot at not being able to get the type of property your mate did back in 2001, when there are lost soul children living in boxes with fear and hunger not so very far away, is almost insane.

Focus your energy on what you do have and what you can do rather than feeling sorry for yourselves.

I'm with Stephen Fry on this > "self pity is the worst traite of all, in the end if you allow it, nothing will be left of you apart from a core of self pity".

Graham_Devon

Conrad wrote: »

Focus your energy on what you do have and what you can do rather than feeling sorry for yourselves.

I'm with Stephen Fry on this > "self pity is the worst traite of all, in the end if you allow it, nothing will be left of you apart from a core of self pity".

Well in that case, stop whinging about lack of lending, and focus on what you can do, rather than sending letters to your MP saying it's basically unfair on people that they cannot borrow what they want to.

Focus on what they can borrow and what you can buy with what you can borrow.

"But but....thats different"

PasturesNew

Coeus wrote: »

House Prices Simply Too Expensive For The Young...

.... and most people actually.

PasturesNew

ultrawomble wrote: »

I'll take you up on your offer - try Truro in Cornwall.

Truro's easy. Why did you give him an easy one????

PasturesNew

Truro market starts:
1-bed flat £125k http://www.rightmove.co.uk/property-for-sale/property-28384138.html
2-bed semi £129k http://www.rightmove.co.uk/property-for-sale/property-27362389.html

Average female wages are probably £16k.

So, 15% deposit is £20k. Just an entire two years' take home pay.
£110k mortgage is only 7x salary.

Graham_Devon

PasturesNew wrote: »

Truro market starts:
1-bed flat £125k http://www.rightmove.co.uk/property-for-sale/property-28384138.html
2-bed semi £129k http://www.rightmove.co.uk/property-for-sale/property-27362389.html

Average female wages are probably £16k.

So, 15% deposit is £20k. Just an entire two years' take home pay.
£110k mortgage is only 7x salary.

Irrelevant.

Someone with an average wage in Edinburgh could afford it.

PasturesNew

Graham_Devon wrote: »

Irrelevant.

Someone with an average wage in Edinburgh could afford it.

And they could cycle to work each day and cabbie at night.
They're just too lazy!