Rightmove April +1.7%

ukcarper

lemonjelly wrote: »

I actually think that uder 25's having limited housing benefit claims is likely to have a bigger effect. Less people living independently, less people with life skills, less people having the desire to get their own place.

Increasing numbers in HE & FE has been fairly gradual imo - things like EMA may have affected a small minority over the past 2 or 3 years (but it will be interesting to see how that stops in 2 years when EMA goes completely).

Over the past 6-7 years, HPI has meant that deposits for many have become little more than a pipe dream, especially for young singles. Those with debts have had (bizarrely) a better credit rating, and have been more likely to be able to get a mortgage. Sustaining repayments on the other hand...

BTW, how long is this thread, arguing over a 1.7% change?:eek:

I believe that trying to blame any one thing is wrong. Things are very different now compared to the 70s back then very few young single people bought. I think I was fairly typical of that generation I left school at 16 did an apprenticeship and was earning good money by the time I was in my early 20s. I lived at home with my parents until I was 22 when I got married and bought my first house. Now I would probably have gone to university left at 22 with some debt, instead of the money I had saved towards my deposit when I was 20/21. After experiencing my independence I would not have wanted to go back and live with my parents making it more difficult to save. If I didn’t go to university I would have found it difficult if not impossible to get a job with the training and prospects that my apprenticeship gave me.

DexterA

chucknorris wrote: »

Exactly! That's why this billionaire only paid £136m for his flat, what a cheapskate he is.

https://forums.moneysavingexpert.com/discussion/3182606

Not exactly your standard FTBer barrett flat chucknorris.

DexterA

It seems far harder nowdays for the young to get a job (high youth unemployment), even harder for them to get a good one. I fear we're sleepwalking to a disenfranchised youth. The current generation has always given the future generation a leg up, a start in life.

Nowdays, all responsibility falls on the individual to find work, difficult when competing against those with experience. Previously positions would become available when people retired, with no enforceable retirement age, and the state pension being paid later, the number of positions created in this way is diminishing.

DexterA

FTBFun wrote: »

living in flats = scum. Best shoot everyone who does.

Dude, calm down.

ukcarper

DexterA wrote: »

It seems far harder nowdays for the young to get a job (high youth unemployment), even harder for them to get a good one. I fear we're sleepwalking to a disenfranchised youth. The current generation has always given the future generation a leg up, a start in life.

Nowdays, all responsibility falls on the individual to find work, difficult when competing against those with experience. Previously positions would become available when people retired, with no enforceable retirement age, and the state pension being paid later, the number of positions created in this way is diminishing.

I think your right and it’s a bigger problem than hpi.

chucky

DexterA wrote: »

It seems far harder nowdays for the young to get a job (high youth unemployment), even harder for them to get a good one. I fear we're sleepwalking to a disenfranchised youth. The current generation has always given the future generation a leg up, a start in life.

it happened in the early 1980s - a complete generation struggled. with the current policies and cuts we are heading in the same direction.

the.ciscokid

chucky wrote: »

here we go again.... it's a different replay to my original post because he can't put together a coherent argument together to reply to it.

Wut? You said it is not about prices, but it is about lending criteria. Is it easier to save a deposit if you have to save 10% less, yes or no?

chucky wrote: »

btw - a 10% drop on a £100k house allows you to save £1,000 in your deposit you shouldn't be looking to buy a house if you're looking to gamble the risk of saving £1,000 when you buy it.

Which, if my maths is correct, is 10% less that you need to save. Which makes saving for a deposit easier. £1000 might be 3 or 4 months of saving for some.

I suppose you could add the benefit of lower income multiples required to buy it, saving the compounded interest on that 10k, maybe even being mortgage free sooner. But let's not worry about stuff like that hey, debt is great.

Jimmy_31

the.ciscokid wrote: »

Wut? You said it is not about prices, but it is about lending criteria. Is it easier to save a deposit if you have to save 10% less, yes or no?



Which, if my maths is correct, is 10% less that you need to save. Which makes saving for a deposit easier. £1000 might be 3 or 4 months of saving for some.

I suppose you could add the benefit of lower income multiples required to buy it, saving the compounded interest on that 10k, maybe even being mortgage free sooner. But let's not worry about stuff like that hey, debt is great.

well it seems perfectly sensible to me and i totally agree with what you are saying.


The problem though is that this is similar to what i said a few pages back but as usual it was ignored by the person i quoted and then the back up team moved in to try an take the pi55 but that didnt work either, and then a few posts later i was randomly branded thick as sh*t yet again.

Take a wild Mcguess who it was

Graham_Devon

chucknorris wrote: »

Exactly! That's why this billionaire only paid £136m for his flat, what a cheapskate he is.

https://forums.moneysavingexpert.com/discussion/3182606

No he didn't.

That's not a flat. Play on words. It's got 3 floors for just a start.

chucknorris

Graham_Devon wrote: »

No he didn't.

That's not a flat. Play on words. It's got 3 floors for just a start.

Communal living = designed for letting = inconsiderate neighbours.

That's what I was answering!

I've lived in some great flats, I still own 3 of them, nothing wrong with flats, you can't make sweeping generalisations like that.