What is wrong with wanting cheaper homes

wotsthat

Jimmy_31 wrote: »

Why would i buy a house now when i can get one a lot cheaper in the future.

If you are sure that you can a house a lot cheaper in the future then there's no reason to buy now.

Which is worse securing a house now and seeing it fall in value or waiting and finding they've gone up? If you are happy with your current living arrangements then there's not much to lose I suppose. However, you clearly want to buy - why take the risk you'll be stuck where you are for even longer?

RenovationMan

What I don't understand is why someone who isn't going to buy for a long time would waste their time talking about houses so much? As I said previously, it just seems like torturing yourself.

nollag2006

Jimmy_31 wrote: »

Im not a builder.

Unemployment is rising fast in my area and lots of local firms are very close to going bust, unemployment is speeding up which is causing house prices to tank.

Why would i buy a house now when i can get one a lot cheaper in the future.

Keep concentrating on your net wealth and not an imaginary number, plenty of people have made that mistake in my neck of the woods already.

Moaning and sniping.............you better go read through some of your post history.

Dont get any lime in your eye, it tickles a bit;)

Anybody know where i can find a picture of brad pitt dressed as a ninja, i think its time i had an avatar:)

Brave words for a thirty-something who lives at home with his "mam" during the week, and occassionally takes his caravan to Burnley when he's looking for lurrrve

Jimmys moaning and sniping is pathetic really. If he was a real man, he would have moved out from "mam" ten years ago.

nollag2006

42 detached 4+ bedroom houses for sale in Burnley for under £250k:
http://www.rightmove.co.uk/property-for-sale/Burnley.html?minPrice=200000&maxPrice=250000&displayPropertyType=houses&oldDisplayPropertyType=houses&secondaryDisplayPropertyType=detachedshouses

Buy now Jimbo. Those lovely single Burnley lasses will fall at your feet for any of these palaces

LilacPixie

Graham_Devon wrote: »

This is what interests me.

Why do you feel they shouldn't be able to buy something?

They work. They presumably do their best with what they can. I can't really see the reasons as to why they shouldn't be able to buy something they feel that suits them.

Obviously if the price is too high, and they don't have the money, simply put, they can't. But saying they should'nt be able to is something quite different.

Well personally I feel retiring at 31, a nice 8 bed detatched home with indoor swimming pool would suit me but unfortunately we don't earn anywhere near enough to support that 'feeling'. No matter how you cut it you have to live with what you have.

Do you think a family earning 15k a year, an income so low the UK gov deems them to be eligible for WTC should be able to afford an average family home?
Even in this area of lower property prices a 3 bed semi in a private estate will not be an option to someone earning 15k. They currently go for around the 120k mark. but you can pick up an ex council 2 bed terrace on an estate for 60k. http://www.tspc.co.uk/details.asp?id=103060 you would get for under 60k i would imagine

Pobby

Conrad wrote: »

What is it about you guys and this fabled 'shoebox'?

My wife grew up in such a property and a more contented happy family setting you could not find.

I suppose you 'demand' a 3 bed semi, right off the bat:rotfl:

Hang on. In the 70`s my good lady and I bought our first home. 3 bed semi in the South East. Mid 20`s, around a joint income of £3k a year. after a £1,000 deposit we had a mortgage of £8,999. Didn`t strike us as outrageous then.

We shortly after fancied a place. £17 grand. Servants quarters, detached and huge. Couldn`t go for it. A few months later, I got a massive wage rise and a promotion. That shot my income up to £6k a year. Oh well.

homelessskilledworker

shortchanged wrote: »

Hamish, why do you think that everyone that wants lower house prices, wants a crash?

I'd be quite happy for house prices to slowly drop back to a more normal, sustainable level so more people can have a fair crack at the whip.

We're obviously at odds because you have bought property for investment reasons, therefore you need hpi to fulfil your ambitions. I understand that nobody likes to lose money, but you took a gamble and it isn't paying off.

Why can't you see that for the greater good of the economy a sensibly priced housing market, accessible to most, who are not using vast amounts of their income servicing huge mortgages would be better.

It's not just Hamish, at least Hamish tends to put up a clever intelligent argument at times.
I am like you I don't want to see anyone suffer, and if anyone should be to blame, blame those that allowed a debt bubble to take off, and not just with housing... government/euro/personal/business borrowing has caused ALL the problems we see on the news every night now.

I never got taken in by it all as I am sure a few others never. The ones that were taken in are now lashing out at the ones that made the sacrifice and were never taken in by a few lunch.

Another one of the things that bother me on this board, the usual suspects who all gun for those who want cheaper affordable housing, DO THEY HAVE KIDS?
I suspect most of them don't reading betwen the lines, most come across as i am alright Jack's... me me me me

Road_Hog

homelessskilledworker wrote: »

Those wanting them cannot be to blamed for those who over borrowed and are now panic stricken that a crash is on it's way.

Can someone on here without getting all emotive and agressive, convince me that cheaper affordable housing is not a good thing.

Yep, I can answer that for you. Go and buy a house for £200k and see in drop in value by half to £100k and tell me if you like cheaper affordable housing. This is what makes me laugh, all the saddos wanting house prices to fall, but they'll be the first ones to squeal if they buy a property and prices carry on falling and push them into negative equity.

Affordable housing? It has to be subsidised by others, why should I pay more for my house just so that you can have a cheaper house? I'd like to drive a Ferrari, but I can't afford one. I accept that I don't earn enough to do so, I don't expect others to subsidise it, just because I want one.

Graham_Devon

Road_Hog wrote: »

Yep, I can answer that for you. Go and buy a house for £200k and see in drop in value by half to £100k and tell me if you like cheaper affordable housing. This is what makes me laugh, all the saddos wanting house prices to fall, but they'll be the first ones to squeal if they buy a property and prices carry on falling and push them into negative equity.

I bought a property.

I am seeing it's price devalue.

I'm not screaming? Quite the opposite.

System

Graham_Devon wrote: »

I bought a property.

I am seeing it's price devalue.

I'm not screaming? Quite the opposite.

In case your wondering Road-Hog, Graham bought half a house and presumably would like to buy the second half cheaper.