Millions give up on owning property

Blobby8_2

sky190176 wrote: »

Because all the rich folk snap them up fast and rent them out to the poor folk who have to wait or cant get a mortgage. Richer get richer, poor are kept that way

A BTL property in my view is a very poor investment, howcome people cant buy a house, vendors always (almost) sell to the highest bidder.
The property market in most of the UK is slow and many properties sell at a significant discount.

PasturesNew

ukcarper wrote: »

Why though in Rushmoor Hampshire 30% percentile male full time £24k female full time £17.5k total £41.5k so 4x joint £166k. Plenty of 3 bed houses below £200k so if they had the 20% deposit saved up they would be able to buy. In fact there are plenty of 2 bed flats and houses between £160k and £170k.

Not everybody's part of a smug couple.

Blobby8_2

PasturesNew wrote: »

Not everybody's part of a smug couple.

Very few I should think.

Ronaldo_Mconaldo

Blobby8 wrote: »

Very few I should think.

That's their lookout then isn't it. It's ridiculous that people think that individuals should be entitled to their own three bed super house whenever they want it. Life's not fair, it never will be.

Some work hard and save and meet someone they want to share their life with, buy a house together and get on with life. Some people get it all given to them on a plate. And quite a vocal minority sit around at their computer all day, crying anout how they can't afford it whilst smoking their way through £30 of cigarettes a week and going out on the lash every Friday and Saturday night.

They're the ones just begging to be exploited by people with a spare house.

FATBALLZ

chewmylegoff wrote: »

With the owner occupier rate at 68% already, this stat is quite clearly nonsense.

No, because your statistic is simply whether a house is lived in by its owner or not. It takes no account of how many people live in that house, many of whom often have no stake in the ownership, and how many people live in the non-owner occupied houses.

PasturesNew

Blobby8 wrote: »

Very few I should think.

Somebody'll have some stats.... I think Hamish was called the stats geek last week, maybe he knows.

There must be oodles of singles... oodles.

Jimmy_31

HAMISH_MCTAVISH wrote: »

Yep..... The reason.

Yep.............. The reason............High house prices.

Jimmy_31

PasturesNew wrote: »

Somebody'll have some stats.... I think Hamish was called the stats geek last week, maybe he knows.

There must be oodles of singles... oodles.

Im buying on my own, not yet of course due to prices still falling.

new_home_owner_3

i think if a bank offered a attractive rate to first time buyers with a 5 percent deposit, the market would be flooded with first time buyers.

Until this happens first time buyers wont be back, its like the banks have moved the goalpost's making it more or less impossible for any first time buyers to get onto the housing ladder.

debtistheft

Again, it will be like a man going on a journey, who called his servants and entrusted his property to them. To one he gave five talents of money, to another two talents, and to another one talent, each according to his ability. Then he went on his journey.