House Prices Simply Too Expensive For The Young

Pete111

geneer wrote: »

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

Ah yes, that oft used phrase...:p

System

I don't fully understand this argument, I'm priced out of loads of areas, that's why I don't live in them.

Pete111

Joeskeppi wrote: »

I don't fully understand this argument, I'm priced out of loads of areas, that's why I don't live in them.

Well that's your call but personally I'm not prepared to stand for it any longer.

As a non FTB of decent means, I'm appalled that I can't afford a 4 story townhouse in Kensington with a pool.

I shall be writing to my MP forthwith

Conrad

Graham_Devon wrote: »

So you were basing your affordability assumptions on wages elsewhere. Brilliant. Bravo.

See, this is why VI's look so stupid at times.

Given up on the challenge?

My Uncle lives near near Cornwall. His grown kids are buying homes. None of them on particualry high wages.

Graham are you saying nowhere affordable within 50 miles of you?

Conrad

Joeskeppi wrote: »

I don't fully understand this argument, I'm priced out of loads of areas, that's why I don't live in them.

THIS is the nub of the argument.

the_flying_pig

I skimmed to the end of this - apologies if someone else has already compiled a sensible reply to replied to the moronic verbal skidmarks left by Conrad on this thread.


The point, **of course**, is not that no FTB anywhere can afford any type of pwoperdee anywhere.


Rather it’s that, borrowing the same amount of money relative to their earnings as their slightly older peers did a decade ago [the year 2001 – a point in time at which female labour force participation was identical to what it now before one of the usual suspects tosses in that particular hand grenade of stupidity] – what FTBs can afford doesn’t look very attractive. Some may take the view that this doesn’t matter and/or isn’t something to grumble about. I would disagree with that view.

FTBFun

Joeskeppi wrote: »

I don't fully understand this argument, I'm priced out of loads of areas, that's why I don't live in them.

I moved to the other side of London to buy my first place.

Now I could have whinged about it on an internet forum, and/or gone on "buyers strike" (you'll know who i'm talking about here), but fortunately I live in the real world.

Graham_Devon

Conrad wrote: »

Graham are you saying nowhere affordable within 50 miles of you?

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.

Conrad

Graham_Devon wrote: »

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

Where are you?

ukcarper

the_flying_pig wrote: »

I skimmed to the end of this - apologies if someone else has already compiled a sensible reply to replied to the moronic verbal skidmarks left by Conrad on this thread.


The point, **of course**, is not that no FTB anywhere can afford any type of pwoperdee anywhere.


Rather it’s that, borrowing the same amount of money relative to their earnings as their slightly older peers did a decade ago [the year 2001 – a point in time at which female labour force participation was identical to what it now before one of the usual suspects tosses in that particular hand grenade of stupidity] – what FTBs can afford doesn’t look very attractive. Some may take the view that this doesn’t matter and/or isn’t something to grumble about. I would disagree with that view.

That’s all very well but that was one of the cheapest times to buy properties in relation to wages and well below the long term average.