House ownership - Selling yourself into a lifetime of servitude

chucky

debtistheft wrote: »

More information on The cost of buying a house

it really is quite simple...

it's only the people that can't afford to buy a house that find that property is unaffordable...

i guess that would be you.

never mind though, chins up.

debtistheft

CAN1976 wrote: »

I find it hard to believe that average person in the UK moves 5 times as a house owner. Where is this figure coming from? I do not know anyone who was not renting who has moved house anything like that many times.

New research from Abbey reveals that we spend on average £54,400 moving homes in our lifetime, and moving home costs us around £16,000 each time we do it. Over our lifetime, more than 2 years worth of our salary will be spent on moving home...

The average Briton moves home between 3 or 4 times in a lifetime (the average is 3.4 times) latest research from Abbey Mortgages shows. And it's a costly business. Abbey has calculated that - excluding property prices - Britons looking to get on the property ladder could spend the equivalent to £54,400 in today's money moving home during their lifetime. That's 2.3 years worth of annual salary based on the current average UK wage - enough to buy a two bedroom Finca in the Costa del Sol or a brand new one bedroom apartment in the centre of Bordeaux.

BRITS SPEND £54,400 MOVING HOME IN A LIFETIME

•The average Briton moves house between 3 or 4 times in a lifetime
•Average cost of moving home in UK is £16,000
•Over a lifetime, more than 2 years salary is spent moving home
•In 2006 Britain spent £28 billion moving home

Looking at the fees charged by lawyers, estate agents, financial advisers, removal firms and stamp duty, added to the money spent to get their property in a 'saleable condition', homeowners said they'd forked out £16,000 on average at their last move. Based on these figures Abbey estimates that in 2006 alone Britons spent a combined £28 billion to up sticks.

Factor that into you amortization tables. £54,000 in money not spent on the property itself but in actually moving. Wasted money that a renter would not need to spend.

debtistheft

chucky wrote: »

it really is quite simple...

it's only the people that can't afford to buy a house that find that property is unaffordable...

i guess that would be you.

never mind though, chins up.

You guess wrong. This is a classic example of the mindset of the Bulls. "If you don't have a property, its because you can't afford one". "You are a loser if you rent". "Property is the only investment that the common man can understand, so if you don't invest in property then you must not be investing in anything"

I would happily put my net wealth up against yours Chucky and see who is top dog. Aren't you on the dole right now? Perhaps if you had been more mobile you would have been able to take advantage of work opportunities around the country. Tha's what comes of stagnating in one part of the country (or world) when tied to a house.

Still, chins up old chap, perhaps you will find a job soon. Meanwhile, you will be able to claim some benefits that my tax money is paying for. No need to thank me.

CAN1976

That average will be skewed by people moving above the 250K bracket paying large amounts of stamp duty. To the people paying it, it isn't 2 years of salary. Averages don't always work

chucky

debtistheft wrote: »

You guess wrong. This is a classic example of the mindset of the Bulls. "If you don't have a property, its because you can't afford one".

I would happily put my net wealth up against your's Chucky and see who is top dog. Aren't you on the dole right now?

no sorry i don't do internet competitions and i don't need to express wealth to a nutter on an internet forum.

dole?? no sorry i don't need to claim unemployment benefit or any benefit either.

it's a nice life taking a break for 6 months and still earning money.

what are your issues though? do you want to send me a PM to see if i can help you get over the difficult time that you're going through?

debtistheft

chucky wrote: »

no sorry i don't do internet competitions and i don't need to express wealth to a nutter on an internet forum.

dole?? no sorry i don't need to claim unemployment benefit or any benefit either.

it's a nice life taking a break for 6 months and still earning money.

what are your issues though? do you want to send me a PM to see if i can help you get over the difficult time that you're going through?

Ha! You're like an actor 'resting' :rotfl:

I bet you still go out at 8am with your suit on and briefcase and tell your better half that you are off to work. You are sat in the library now just waiting to be able to go home again.

No need to thanks me about that benefit money, us workers are happy to help out the unwashed masses.

chucky

debtistheft wrote: »

Ha! You're like an actor 'resting'

no

debtistheft wrote: »

I bet you still go out at 8am with your suit on and briefcase and tell your better half that you are off to work. You are sat in the library now just waiting to be able to go home again.

no

debtistheft wrote: »

No need to thanks me about that benefit money, us workers are happy to help out the unwashed masses.

and no, as i said and proves you're not very good at reading. i don't claim or need to claim benefits.

you're not very good at this are you but i didn't need to tell you that, did i?

debtistheft

CAN1976 wrote: »

That average will be skewed by people moving above the 250K bracket paying large amounts of stamp duty. To the people paying it, it isn't 2 years of salary. Averages don't always work

I assume you are telling us that not only do you not know anyone who moves house more than once, but they all stay in their 2 bed terraces for life. Northerners are they?

Just because you haven't ever bought a house worth more than £40k doesn't mean everyone in the country is the same. Look outside your filth ridden Northern mill town, past the desolate and derelict factories and gaze Southwards.

CAN1976

debtistheft wrote: »

I assume you are telling us that not only do you not know anyone who moves house more than once, but they all stay in their 2 bed tarraces for life. Northerners are they?

Yup Northerners. My parents are still in their 1st house, as are most of their contemporaries. Sorry it doesn't fit with your dearly held model. I myself, in my second house, have not spent anything like what your figures suggest in conveyancing etc.

debtistheft

Thanks for the PM chuckey, but no I don't want to meet you 'to see if we are compatible', whatever that means.