What is wrong with wanting cheaper homes

RenovationMan

homelessskilledworker wrote: »

Housing Ladder!!

Are you serious, I know of people who got onto the bottom of the "housing ladder" back in 2004/05 who if anything have now gone down another rung. They are nearly approaching a decade and still stuck where they are and worse.

What are you saying here? That they shouldn't have bought? What should they have done?

Jimmy_31

RenovationMan wrote: »

Plenty of cheap housing around, Graham just proved it. £30k for a house is 3x salary for someone earning £10k a year. That mortgage multiple is not excessive. The problem seems to be that people don't want to climb the housing ladder any more and see a FTB starter home as a 3 bed semi in a nice area. That's fine if that's what they aspire to but then they can't really moan about the cost of it when it's their own decision.

Thats the general census of the unemployed around here.

Most are saying they are holding off from buying the 2 bed terrace because they would rather hang on for the 3 bed semi.

RenovationMan

Jimmy_31 wrote: »

Thats the general census of the unemployed around here.

Most are saying they are holding off from buying the 2 bed terrace because they would rather hang on for the 3 bed semi.

If you're unemployed you shouldn't be thinking of buying a house. Perhaps you need to stop torturing yourself on property websites?

I don't go onto the Lambourghini owners club website for the same reason.

homelessskilledworker

RenovationMan wrote: »

What are you saying here? That they shouldn't have bought? What should they have done?

The point I am making here is that we could quite easily reach the first decade and they are still not moved up the ladder, thats all I am saying on THIS subject because it was THIS point you was making.

RenovationMan

homelessskilledworker wrote: »

The point I am making here is that we could quite easily reach the first decade and they are still not moved up the ladder, thats all I am saying on THIS subject because it was THIS point you was making.

So what are you saying, that they were wrong to buy a house and should have rented?

I'm not deliberately being obtuse, I just have no idea what point you're trying to make.

Graham_Devon

RenovationMan wrote: »

Plenty of cheap housing around, Graham just proved it. £30k for a house is 3x salary for someone earning £10k a year. That mortgage multiple is not excessive. The problem seems to be that people don't want to climb the housing ladder any more and see a FTB starter home as a 3 bed semi in a nice area. That's fine if that's what they aspire to but then they can't really moan about the cost of it when it's their own decision.

True.

I guess I should stop moaning and move to Manchester.

Bit of a killer on the old commute, but life is tough, and I do have a Blackberry, so I guess its horses for courses.

moneyinmypocket

Honlesskilledworker get that chip off your shoulder

Jimmy_31

RenovationMan wrote: »

If you're unemployed you shouldn't be thinking of buying a house. Perhaps you need to stop torturing yourself on property websites?

I don't go onto the Lambourghini owners club website for the same reason.

I think you have completely missed the point of what i said.

Your avatar is quite fitting.

Graham_Devon

RenovationMan wrote: »

No more than what others have said on this forum with all the talk about liar loans, etc. Pre-credit crunch there were legions (according to these same people) of lower paid workers mortgaging themselves to the hilt in order to buy a house. Now that more sensible lending practices have come it the same people are now wringing their hands and saying "Oh! Saying that a lower paid person shouldn't be allowed to buy a house they clearly can't afford is terrible! Will no one think of the children?"

Some people seem to want their cake and eat it. The introduction of stricter lending criteria yet houses for all. Hmnnn, don't they see the contradiction in terms?

Huh?

I have no idea what you are trying to say, or you are completely missing the point.

What has liar loans got to do with what I asked? I was asking Lydia a question, simply because I don't want to take what she said the wrong way before I proceed with what I wanted to say.

RenovationMan

Jimmy_31 wrote: »

I think you have completely missed the point of what i said.

Your avatar is quite fitting.

You said that unemployed people could not afford £30k homes. I'm agreeing with your point and I stated that perhaps unemployed people should not buy homes. If you think you will be unemployed soon then you also should probably not commit to a large financial transaction like buying a home. What's incorrect in that?