House Prices Simply Too Expensive For The Young

Pete111

Sheesh, some posters on here still haven't got the 'Ladder' bit of 'Property Ladder'

Conrad

shupufski wrote: »

This is true - as long as you dont care where it is!

.

Thousands of decent cheap locations. Are you blind or just filtering reality to suit your pre - formed world view?

Where do you want to live? Tell me and I'll source you an affordable property - unless you want some swanky place that is.

alexlyne

So an 'average' ftb can't buy an 'average' house.
Since when do ftbs aim to buy an 'average' house as their first?
This post could have been created any time in the last 3 years.

doire_2

Conrad wrote: »

Proove to me FTB cannot buy a home in most parts of Britain - perhaps some links to these out of reach properties would help.:j

They can if they want to buy a dump that needs a lot of work done to it (more and more debt) or is in a dodgy area. The links you posted wont be much use for anyone with a family or plans to have one soon.

ultrawomble

Pete111 wrote: »

Sheesh, some posters on here still haven't got the 'Ladder' bit of 'Property Ladder'

I think we're on the 'Property Snake' at the moment.

FTBFun

doire wrote: »

So we have had an uncle, taxi man, friend and now brother.

If you dont like my posts then stop reading them. I dont read about things because i dont like them. Its not that hard to do.

So that's a no to my question. Well at least that's clear.

Pete111

ultrawomble wrote: »

I think we're on the 'Property Snake' at the moment.

We shall see...

shupufski_2

Conrad wrote: »

Thousands of decent cheap locations. Are you blind or just filtering reality to suit your pre - formed world view?

Where do you want to live? Tell me and I'll source you an affordable property - unless you want some swanky place that is.

Thanks, you are such a righteous dude!

And there was I thinking that trivial things like location mattered when it came to property prices, or access to transport links, or crime rates etc...

Conrad

Coeus wrote: »

FTB cannot buy with ease mainly due to:
- lack of disposable income (inflation errosion)
- lack of credit availability (LTV%)

I am an academic but am also in the financial industry with a strict savings scheme for a FTB - everything I can reasonable be expected to do I can do but credit availability is the major issue which applied to the MAJORITY (hence AVERAGE) of FTBs.

I think you may be slightly out of touch with the times.

Noted above I am versed in the academic financial aspects and the micro individual aspects. I avoid betting on one side of the coin.

P.S. BOTTOM LINE - in the MINORITY of cases FTBs can buy a home with ease, on the MAJORITY (AVERAGE) of cases this is NOT true as expressed and evidenced in the article for discussion.

Coeus.

Mortgages are out of reach of people that fail the suitability test as laid down in the FSA TCF 6 Core Principles. That means for example some hitherto good credit risks are indeed unfairly declined for finance.

However, that does not alter the very real fact more or less any FTB with a fair credit rating, a job and 15% deposit, can buy a home right accross the UK.

Buying by yourself would perhaps take more time, due to inability to save that deposit, but why not then club together with another, or take an evening job as a cabby for a couple of years?

Conrad

shupufski wrote: »

Thanks, you are such a righteous dude!

And there was I thinking that trivial things like location mattered when it came to property prices, or access to transport links, or crime rates etc...

Where do you want to live?