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Debate House Prices
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House Prices Simply Too Expensive For The Young
Comments
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GHOULS_OWN_NOTHING wrote: »For the last time, it's NOT the prices that are at fault, it's the overtly restrictive banks lending practises.
Ghouls, as a small broker owner myself, I can tell you Banks are desperate to lend - I meet the reps every week trying to meet thier high lending targets.
For the umpteenth time, it's FSA regulation that is stopping lending.
I feel like the only person in Britain aware of this:eek:0 -
Graham_Devon wrote: »Or quit their job in Cornwall, move to Edinburgh, and earn the average wage there.
Nevermind the fact that they would then face the same position of even higher prices, against their wages, thats irrelevant.
Graham, I mean this honestly, whilst I saved my deposit I always took my own sandwiches to work, or made oversized chillis etc to reheat for work.
I notice in your thread on 100% mortgages you buy a sandwich. It is little things like that that do add up and make a differnece.0 -
HAMISH_MCTAVISH wrote: »
Which banks will still do, but you'd need a decent deposit (perhaps 20% to 25%) and a squeaky clean credit history.
15% will get you into rates of 3.99% or higher, still a lot less than the 9.1% I managed to get in 1991 when I was a FTB.0 -
Graham, I mean this honestly, whilst I saved my deposit I always took my own sandwiches to work, or made oversized chillis etc to reheat for work.
I notice in your thread on 100% mortgages you buy a sandwich. It is little things like that that do add up and make a differnece.
Hah, I always moan at a bloke at work about that, he spends at least £3 a day on lunch, I spend that a week and I get a better sandwich out of it!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Why do people always believe that all FTBs should only be buying 1 or 2 bed flats?
It is what it is, how would bemoaning the fact an older generation got more for thier money, help bring about an alternative future for an older FTB now?
You buy what the market affords you, period, no need to feel hard done by and again it's far far more than many people of the world could ever dream of.
This 'I SHOULD be able to buy a 3 bed house like my Dad did' is an utter irrelevance. I wish I had a bigger willey, tough0 -
I saved up to buy my property with no help from my partner or parents .... Granted I did live at home for the majority of the time which made it easier.
Living at home is a form of getting help from parents - unless they are charging you rent at the going rate for a room in a shared house.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
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Graham, I mean this honestly, whilst I saved my deposit I always took my own sandwiches to work, or made oversized chillis etc to reheat for work.
I notice in your thread on 100% mortgages you buy a sandwich. It is little things like that that do add up and make a differnece.
I'm not saving a deposit. Well, I am in a way for the next house, but I already have a home.0 -
Hah, I always moan at a bloke at work about that, he spends at least £3 a day on lunch, I spend that a week and I get a better sandwich out of it!
Yea, I earn quite a high amount and will spend on things like holidays, but day to day frittering really is a waste. No need to make any calls on my mobile (most things will wait until I can get to a landline) so that's only £20 pm - a battered old Samsung.
No need to buy mags or lunches although I will buy something about once per fortnight.
I eat like a King as food is very important to me. But it's all re - heats in my offic e cheapo microwave. Today was home made curry and rice left overs.
Those £5.00 per day on lunch, drinks and mags soon add up - £1200 over 48 months, 5 day weeks.0 -
Graham_Devon wrote: »That doesn't compute.
Another one to ask is howcome its ok for people to state FTB should buy entry point houses, yet work out the affordability of this on average wage, not entry point wages.
Exactly, Game, Set and Match.I am not a financial expert, and the post above is merely my opinion.:j0 -
50% do not own, therefore those on average wage should not expect to own.0
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