We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Average family will have to save for more than 30 years to raise first deposit
Comments
-
I does appear that 10% deposit mortgages are about, but tend to involve higher IRs. still the rates are way below what were being paid 5 or 10 years ago.
This is very true, I have just got a 5 year fix at 4.99% with a 10% deposit.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Graham_Devon wrote: »To be fair, £125k isn't the average house either.
Infact it's below the average FTB house, which, last time I read, was £136k.
True, but £125k is not as much below the average FTB house as £18k is below the average family income....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Graham_Devon wrote: »Oh. Well thats good. The single person with no life, no partner, no kids, no debts, no travelling costs. Brilliant.
Meanwhile an argument goes on about what's "average".
No doubt soon we'll be back to "well people need to be a couple ot be able to afford a house".
Graham, you're being a bit unfair here.
That part of the discussion was indeed about single, new graduates living in London. Nothing to do wtih partners / kids / etc...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
marlonthemagnificent wrote: »a bedsit in outer london for 500pcm?? that must be a crime ridden blackspot
you are simply not being realistic on your cost of living assumptions
if they lived in outer london, say zone 6, then the extra price of a monthly travel pass would eat up any cost's saved on living in the aforementioned hellhole
There are lots of bedsits in perfectly nice parts of London for £80 to £90 a week. Such as Shepherd's Bush, West Ken, etc. Usually including most bills.
http://www.primelocation.com/uk-property-to-rent/details/id/INTI8471184/
http://www.primelocation.com/uk-property-to-rent/details/id/INTI8471188/
http://www.primelocation.com/uk-property-to-rent/details/id/INTI9283238/
On a net income of £1,700 / month, it would be quite possible to save £500 a month and still have a nice life.
£600 for rent and bills (a generous allowance), £200 for travel to work, work expenses, £200 for food, £200 for clothes and social life and other disposable income, and £500 for savings....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »Graham, you're being a bit unfair here.
That part of the discussion was indeed about single, new graduates living in London. Nothing to do wtih partners / kids / etc
Graham is just doing his 'usual' where he makes things up and then argues about that, instead of the subject in hand. He's not called Mr. Muddle for nothing.0 -
RenovationMan wrote: »Graham is just doing his 'usual' where he makes things up and then argues about that, instead of the subject in hand. He's not called Mr. Muddle for nothing.
Funny you should say that.
I ignored your earlier questions because you know ful well the situation I am in with my Son. We've talked about it before. Many people on here know the situation. Yet you continue to try and make out I'm a liar, by purposly confusing the situation, on a quest to have a pop at something you know will annoy me.
NDG was just letting me know I was being unfair and correcting me. I don't have a problem with that. And if thats the case, I'll apologise to Ukcarper.0 -
I'm not concerned about what’s average or not all I’m saying is that when you start work or soon after you decide you want a house if you make some sacrifices and put off getting your own home it is possible to save a deposit.
It depends on what job you do.
Everything i earned during my apprentiship and for the following few years had to be spent on tools, van and insurance.
Couldnt save a penny.0 -
Graham_Devon wrote: »Funny you should say that.
I ignored your earlier questions because you know ful well the situation I am in with my Son. We've talked about it before. Many people on here know the situation. Yet you continue to try and make out I'm a liar, by purposly confusing the situation, on a quest to have a pop at something you know will annoy me.
NDG was just letting me know I was being unfair and correcting me. I don't have a problem with that. And if thats the case, I'll apologise to Ukcarper.
You're doing it again, making things up!
I never said you didn't have a child living with you. You stated on a different thread that you didn't receive CTC or WTC. I then asked whether you turned down your CTC and WTC due to altruistic reasons - i.e. you don't need it so you won't claim it.
It's not a difficult question to answer. So, why do you not receive WTC or CTC?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards