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Debate House Prices


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new housing proposals not so good :(

Right saw it on sky news this morning

For some reason they dident mention right to buy?

But extra 400million I think to help developers build houses that are at

shovel ready status

assume this means they own the land and that they planning permission in place?

Anyway wait for it

plan is to build an extra 16,000!

out of 16,000 dont worry a whopping 3200 be affordable homes

their house building target is 140,000n homes by 2015
I somehow think they will fall short.

Plus it depends on the builders and developers I suppose if they choose to build.

There are still houses being built near me.

But they small estates with large executive style houses they notr affordable or 1st time buyer price category.

My freind rented flat on horrible estate was how many houses could they shoehorn into one estate parking was nightmare, gardens tiny, overlooked and rooms sizes were tiny too.

Theres plans to build more but 1 area saying no and protesting against building on green belt including our own tory mp.

The other is to extend a new area well say newish 10years old now with even more houses but they dont have enough schools to meet the demands of that area and traffic on ring road already a nightmare as it is.

The plans to underwrite morgages for ftb on new build properties only as I suspected.

I just dont think new builds offer value for money and enough space for my family unless i spend £300,000+.
My dads a surveyer and says the quality of some quite shoddy.

So we sticking to our plan of

paying off remaining debt.

Trying to save deposit 15/20%
will be getting a 2nd job allowing us to save more.

actually thinking 2018 yep another 7years away.I be 38

we will look at old victorian terraced properties as they give us larger bedrooms, bigger garden and 2nd reception room we crave with 2kids lot of new builds like one we rent has loung/diner and tiny kitchen.

may have to comprimise on areas a little but will get there despite no help we need.

dont know what will happen to house prices but think few ftb over next few years may result in slight price drop as everyone be stuck on the ladder unable to move up it.
pad by xmas2010 £14,636.65/£20,000::beer:
Pay off as much as I can 2011 £15008.02/£15,000:j

new grocery challenge £200/£250 feb

KEEP CALM AND CARRY ON:D,Onwards and upward2013:)
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