Housing in South West now 11.6x average salary

Really2

doire wrote: »

Bizzare? Not really. Its lambasted on here when people dare say those under threat should move

It is bizzare as I stated I moved for the same reason in the past. My home town was to expensive (well I was not prepared to stay in a 3 bed semi when household income was not far off twice the UK average) and had no good jobs.
So I moved to a cheaper town nearer to where I commuted to and got a much better house (and facilities for that matter)

Why is the idea of moving from a town where jobs do not support house prices an odd idea?

Going4TheDream

Graham_Devon wrote: »

What a nonsense. £150k for a one bed flat? And this is the "affordable housing" that's being built? It's still approximately 8-9x average wage. Yet councillors and builders all congratulate themselves on their miraculous wizardry.

A one bed apartment sold near to me recently for £138k, lovely area etc but still seems expensive for something that you never own outright

HAMISH_MCTAVISH

doire wrote: »

And todays average FTB age is.....................

32.

Exactly the same as it was in 1990.

doire_2

HAMISH_MCTAVISH wrote: »

32.

Exactly the same as it was in 1990.

On planet Hamish maybe

Cleaver

doire wrote: »

And todays average FTB age is.....................

Dunno. Thirties? Not sure what your point is really, I was just saying that it isn't a weird concept that people potentially put off having children due to objectives around a career, buying a house, starting a business, going travelling etc.

Going4TheDream

Graham_Devon wrote: »

You see value in the first £110k "house"?

The sofa is in the kitchen.

I love how it calls one room the living area, breakfast room AND lounge. Very clever.

Not even a postage stamp of a garden.

I appreciate that its hard for the younger generation to get on the ladder, however, they seem to have a lot of 'expectations' about what they want and then complain about how much they should pay for it.

My 1st house had single sash windows, no central heating, and a small yard not a garden, and it was on the edge of an area that was not the best. It had a walk off the street front room, a kitchen/diner, 2 beds and a down stairs bathroom, however I was a single working mother aged 19 in '83 with a small child and although the house was cheap by todays standards it was what I could afford at the time. I would probably put it in the category of £100k by todays comparison

I didnt get any benefits or help in family tax credits as they didnt exist etc except family allowance.

I chose to buy as life was hard and I couldn't bear the thought of going to work to pay someone else mortgage by continuing to rent and at least by buying I was making mine and my child's future more worthwhile and secure

In the 7 years I had that house, I paid my mortgage and saw my equity rise a lttle and worked at promotion, saved a little, then when I could afford it I moved to a larger house in a better area with a garden.

I am sure many other people started off in smaller houses than perhaps they would have liked and worked to move up the ladder, the younger today dont seem to want to do that?

Idiophreak

doire wrote: »

On planet Hamish maybe

I'm no expert, but the BBC is the first link when you search for "average age ftb" on google:
"the average age of first-time buyers has stayed at around 31 over the last few years"

I've no particular reason to assume that they're making it up and you know better...

Jimmy_31

MrRee wrote: »

Plenty of FTB house in the SW for around £100,000 .....

If the average wage of a FTB there is, say, £25,000 each ... assuming 2 earners, as is usual, then it is a very reasonable 2x Joint.

I can tell you that I needed to borrow more than 2x joint when I bought a house in the early 1970's!!

FTB's have never had it better ... of course, I didn't demand the latest mobile phone, TV and car in those days - we lived within our means!

You aint wrong mate.

Im a very happy FTB

FTBFun

doire wrote: »

It was one of your options in post 32!

To moving, not purchasing a 2 bed house.

Cleaver is explaining it better than me.

ukcarper

I can’t see this moving from a 2 bed if you have one kid. I keep getting told how good people on benefits get it but they will only get the allowance for the 3rd bedroom if they have 1 boy and 1 girl and they are over 10, if they are the same sex they will never get the allowance.