House Prices Simply Too Expensive For The Young

Conrad

2 bedroom apartment for sale Franklyn Road, Devizes

Conrad

2 bedroom flat for sale Montgomery Court,Coventry Road,Warwick,Warwickshire

Coeus

The article does not state the abudance of geographical dispersion of 'affordable' properties - it is focusing on the average position which for analysing macro-economic position of the property market it is revelant.

If however you were to say to me that on average the cost of a property is XXX (say £80,000) I would be tempted to use this as a benchmark when assessing local property prices with a view to re-locating if necessary.

As for the sacrafices individuals need to make - again this is a micro (individual) matter and irrelevant for this discussion. It is infeasible to generate a statistical analysis of a nation built upon what each individual is willing to sacrafice. Nor is it the topic for discussion. What one individual can/is willing to sacrafice will invariably differ from another - it is irrelevant and pointless to analyse the property market from such largely qualitative characteristics.

Also this is not Rightmove - please post links if you want to highlight a property for an arguement put the pictures are not necessary.

ultrawomble

2 bedroom house, Manchester, £47,500

doire_2

Conrad wrote: »

2 bedroom end of terrace house for sale St Johns Road, Ipswich

£99,950
PALMER & PARTNERS Bay fronted end of terraced property in need of complete renovation located to the popular East side of Ipswich. Early viewing is strongly advised. Popular East Ipswich Two Bedrooms Lounge 4.14m(13'7)x2.72m(8'11) Kitchen 2.77m(9'1)x2.39m(7'10) Cellar (cont.)

Would you live in that dump? What about FTB who have a family or plan to have one?

Conrad

BRITANIA BS

£100,000 purchase price

£15,000 deposit

3.99% lifetime tracker

30 yr capital repayment mortgage

£405.31 pm

You could clean residential ovens at £20 a pop on the side, say 10 per week, = £800 pm.

I had 2 jobs when I was a ftb, and?

I could find anyone a job right now - they will be given a phone, a desk and a stack of numers. Sales jobs are always available as the staff costs can be covered by the value added sales made.

FTBFun

doire wrote: »

Would you live in that dump?

To be fair, it does say "in need of complete renovation".

Pretty decent size garden too.

EDIT: ah you edited your post. Sorry but a FTB who plan to have a family should be fine in a 2 bed house with a garden - at least at first.

Conrad

Coeus wrote: »

The article does not state the abudance of geographical dispersion of 'affordable' properties - it is focusing on the average position which for analysing macro-economic position of the property market it is revelant.

If however you were to say to me that on average the cost of a property is XXX (say £80,000) I would be tempted to use this as a benchmark when assessing local property prices with a view to re-locating if necessary.

As for the sacrafices individuals need to make - again this is a micro (individual) matter and irrelevant for this discussion. It is infeasible to generate a statistical analysis of a nation built upon what each individual is willing to sacrafice. Nor is it the topic for discussion. What one individual can/is willing to sacrafice will invariably differ from another - it is irrelevant and pointless to analyse the property market from such largely qualitative characteristics.

Also this is not Rightmove - please post links if you want to highlight a property for an arguement put the pictures are not necessary.

All nonsense words.
FTB can buy property all over the UK, with some sacrifice for some people, and??

Can you show me a county where FTB cannot buy?

Oh, and I'll pst piccies if I want, but thanks for the advice eh!

doire_2

FTBFun wrote: »

To be fair, it does say "in need of complete renovation".

.

Another fortune for FTB's to find then

abaxas

Conrad wrote: »

BRITANIA BS

£100,000 purchase price

£15,000 deposit

3.99% lifetime tracker

30 yr capital repayment mortgage

£405.31 pm

You could clean residential ovens at £20 a pop on the side, say 10 per week, = £800 pm.

I had 2 jobs when I was a ftb, and?

I could find anyone a job right now - they will be given a phone, a desk and a stack of numers. Sales jobs are always available as the staff costs can be covered by the value added sales made.

So 85k of loan needed.

Basically you are saying people with a household income of less than 21k shouldnt apply?

Or shouldn't be allowed to have kids?

Lovely.