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Debate House Prices


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Rise in first-time buyers predicted

135

Comments

  • Rinoa
    Rinoa Posts: 2,701 Forumite
    LydiaJ wrote: »
    Indeed there are. Some of them even have a thread about it.

    Wow, 263,000 views.

    Maybe Graham missed that thread. :D
    If I don't reply to your post,
    you're probably on my ignore list.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Rinoa wrote: »
    Wow, 263,000 views.

    Maybe Graham missed that thread. :D

    Of course there are people saving. Who said anything different. I just don't think that select group of people are going to push the figures up all by themselves....do you?
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Graham_Devon wrote: »
    Of course there are people saving. Who said anything different. I just don't think that select group of people are going to push the figures up all by themselves....do you?

    Well all we need now is for house prices to rise and they will just have to save a little longer, which is of course what many on here wish to happen.
    Why are we here?......................because we are not all there.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    shortchanged wrote: »
    Well all we need now is for house prices to rise and they will just have to save a little longer, which is of course what many on here wish to happen.

    Apparently, this would actually be beneficial to those wanting to buy a house, and thats inarguable - go figure.
  • Batchy
    Batchy Posts: 1,632 Forumite
    Saving paying off debt... All the same, soon people will have good equity and move, prices will increase and generate extra equity for the others, it just takes activity. FTBers buying after march will have stamp duty to contend with... Not the cleverest FTBers are they lol?
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • yertiz_2
    yertiz_2 Posts: 252 Forumite
    Tenth Anniversary Combo Breaker
    FTB - age 21 due to graduate with good degree, unable to get into jobs market atm, could consider teaching, starting salary c£22,000. Has £8000 saved in an ISA, has 2 part time jobs, min wage while studying. Student Loan debts will be £25,000 on graduation. Will probably have to live with Mum and Dad, or brother, until he can support himself, would very much like to buy his own place, however small. Any suggestions as to the possibilities? Or is he looking at buying when he's 33 ish?
  • LydiaJ
    LydiaJ Posts: 8,083 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    yertiz wrote: »
    FTB - age 21 due to graduate with good degree, unable to get into jobs market atm, could consider teaching, starting salary c£22,000. Has £8000 saved in an ISA, has 2 part time jobs, min wage while studying. Student Loan debts will be £25,000 on graduation. Will probably have to live with Mum and Dad, or brother, until he can support himself, would very much like to buy his own place, however small. Any suggestions as to the possibilities? Or is he looking at buying when he's 33 ish?

    A job is better than no job. If teaching is the only jobs market realistically open to him, then he should start by investigating teaching. Some people love it, and some loathe it, and it's a good idea to work out which you are before you commit a year to qualifying.

    If he decides to teach, and really wants to own a house, his best bet, I think, would be to apply for teaching jobs in areas where houses are cheap - mostly in the north of the country. Teaching jobs, unlike other jobs markets, are available in all parts of the country, with the same salaries (apart from London weighting, I think). Therefore choosing the right area can hugely decrease the salary multiple that you need to buy a house.

    Get a job, rent somewhere (which will also be cheap if it's in a cheap area) and start saving to increase the deposit.

    Alternatively, get a teaching job near parents or brother, live cheaply while saving a deposit, and then apply for another teaching job somewhere where HP are cheap once the deposit is saved up.
    Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
    Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
    Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.     :)
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Graham_Devon wrote: »
    Did I say that? Did I even hint at that? No. I didn't. Once again, you strip all context and try and imply I stated something and that you are somewhat shocked by what you have just made up.

    I'm sorry.
    Can you please clarify the context for me in your post.
    It didn't seem much to start with at all, let alone strip it down.
    Graham_Devon wrote: »
    Two, sorry, three words.

    Highly doubt it.
    Graham_Devon wrote: »
    House prices have come down. Especially in the North. It would be no surprise to correlate the decline of house prices with FTB's able to now afford property.

    Doesn't take a degree to work it out.

    Ah, so are you saying, nobody's saved more of a deposit, FTBers can only afford because house prices are cheaper, especially in the North.

    If I recall correctly, one recent indext had average prices down 1.9%.
    That does clarify how more FTBers can buy. That 1.9% stretched them too far ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    edited 9 February 2012 at 7:52AM
    Graham_Devon wrote: »
    Of course there are people saving. Who said anything different.

    It would appear you did
    IveSeenTheLight wrote: »
    Could it be that as another year has passed since the correction, people are now being able to produce the deposits required by the lenders?

    Originally Posted by Graham_Devon viewpost.gif
    Two, sorry, three words.

    Highly doubt it.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    That thread was quite nice, it's like the opposite of hpc, people saving up and getting on with it.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
This discussion has been closed.
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