House Prices Simply Too Expensive For The Young

System

Coeus wrote: »

but credit availability is the major issue which applied to the MAJORITY (hence AVERAGE) of FTBs.

This isn't really what the topic title is saying.

Conrad

doire wrote: »

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.

Tell me where you want to buy?

shupufski_2

Conrad wrote: »

Where do you want to live?

I have to be careful how I answer this as you might threaten me with one of those ghastly pictures you've been posting.

Really, I have to think of the horses!

ukcarper

I can only post my personal experience. I bought my first house in the seventies and it was 5.3x my income now the same type of job would pay about £30k and the same type of house would sell for £200k max more likely £180 6 to 6.6x. If you wanted to use the same multiply you would have £160k which would get you a 2 bed flat in same area or 2-bed terrace 3 or 4 miles away. So yes more expensive but not impossible.

ultrawomble

Conrad wrote: »

Tell me where you want to buy?

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

Conrad

Coeus wrote: »

. Couldn't give a flying f*ck about individual properties or finances as it doesn't mean sh*t to me. Only the macro matters until your actually buying your property.

Why was it 99% of academic expert Economists did not predict the credit crunch.

You see, this is the problem with your approach. Broad brush academic assumptions are largely blind to the reality of the real world situation.

All that matters, is real people, with hard work and a little discipline can buy a home in plenty of NICE locations.

To fuddle about in academic sticky mud is utterly pointless.

geneer

Pete111 wrote: »

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

Some posters haven't figured out that the "inflate away your debt" property ladder, hasn't been in effect for quite some time.

Conrad

ultrawomble wrote: »

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

Ha, I know Truro well.

I cannot aford my ideal location, most of us cannot, but a very quick search found plenty of properties in locations within commute of Truro (as I said my first place was a 50 mile drive to work).

I filtered within 15 miles on Rightmove.


4 bedroom end of terrace house for sale St. Columb Road, St. Columb, Cornwall

£100,000
A spacious end of terrace three/four bedroomed three storey house for refreshment offering versatile living accommodation being conveniently located for both local facilities and amenities along with those of Newquay beyond. A copy of the mundic report is available for inspection.

Conrad

shupufski wrote: »

I have to be careful how I answer this as you might threaten me with one of those ghastly pictures you've been posting.

Really, I have to think of the horses!

Don't be shy - where is this broad location that has no affordable property in reasonable areas?

ultrawomble

Conrad wrote: »

Ha, I know Truro well.

I cannot aford my ideal location, most of us cannot, but a very quick search found plenty of properties in locations within commute of Truro (as I said my first place was a 50 mile drive to work).

I filtered within 15 miles on Rightmove.


4 bedroom end of terrace house for sale St. Columb Road, St. Columb, Cornwall

£100,000
A spacious end of terrace three/four bedroomed three storey house for refreshment offering versatile living accommodation being conveniently located for both local facilities and amenities along with those of Newquay beyond. A copy of the mundic report is available for inspection.

Oh dear - mundic block..... no wonder it's so cheap.