Youth unemployment and owning a home

StevieJ

RenovationMan wrote: »

I'd love to live in a family home in Alderley Edge, Hale or Prestbury. I can't afford to though because house prices are too high. We should do do something to reduce them.

They are trying, they moved Wayne and Coleen in

ukcarper

Graham_Devon wrote: »

The crux of the issue is that not everyone lives where you live.

The average house price where I am is a lot higher than the national average and a prim London commuter area in fact I worked in London so I would think property is cheaper in most of the country.

Derivative

DaddyBear wrote: »

Hardly. I dont live in London, never have and never want to. I'm talking about my local area, Bath.

Right, so factory and shop workers can afford homes - just not in Bath.

Glad we've cleared that up. Thank goodness we have roads, railway lines, and the lucky amongst us, legs. Who knows what we'd do without them.

I think when I get a bit of spare time, I'm going to get a map of the UK and colour code it according to starter house price. Then I can paste it and show the huge regions where homes are affordable.

Care to explain why Liverpool is a ghetto?

yertiz_2

Percy1983 wrote: »

Interestingly I have just got my contract from the solicitors so my house purchase is more or less done now.

Do I still think house prices need to come down... yes

Will it bother me if they do... no

Fantastic news Percy, well done and all the best

Graham_Devon

Derivative wrote: »

Right, so factory and shop workers can afford homes - just not in Bath.

Glad we've cleared that up. Thank goodness we have roads, railway lines, and the lucky amongst us, legs. Who knows what we'd do without them.

I think when I get a bit of spare time, I'm going to get a map of the UK and colour code it according to starter house price. Then I can paste it and show the huge regions where homes are affordable.

Care to explain why Liverpool is a ghetto?

You are going to colour in a map in your spare time and show us where homes are "affordable"?

Nice.

Can't wait!

ukcarper

DaddyBear wrote: »

Hardly. I dont live in London, never have and never want to. I'm talking about my local area, Bath.

Here are a couple of houses within 3 miles of Bath don’t know area but they look ok to me.

http://www.rightmove.co.uk/property-for-sale/property-31617094.html



http://www.rightmove.co.uk/property-for-sale/property-32755147.html

Derivative

Graham_Devon wrote: »

You are going to colour in a map in your spare time and show us where homes are "affordable"?

Nice.

Can't wait!

Well it's starting to get on my nerves a fair amount that people choose to live within the tiny band at the bottom of the UK, and even worse in specific places within that band, and claim all homes are unaffordable.

Perhaps if I actually go in depth and look up prices around the whole of England, I'll see that it is actually small areas that have such low prices. My current view is that at least half of the land mass of England has homes for less than £100k.

I'd like to test my views and see if I'm actually talking out of my !!!!, rather than just claiming it to be so. :P

Angry_Bear

ukcarper wrote: »

In other words you don't.

I'm not saying prices aren’t high I’m just saying that they have been almost as high before in fact in comparison to wages in the early 70s and late 80s they were higher than they are now.

Hm, I've heard a lot of debate on both sides of this fence so finally decided to do a (tiny) bit of googling:

1975 average house price: 10k, average salary 2,291: ratio 4.3x salary.

2010 average house price 213,116, average salary 23,504: ratio 9x salary.

I accept that using averages is problematic (as is trusting a 5-minute google), but those figures certainly give food for thought.

ukcarper

Derivative wrote: »

Well it's starting to get on my nerves a fair amount that people choose to live within the tiny band at the bottom of the UK, and even worse in specific places within that band, and claim all homes are unaffordable.

Perhaps if I actually go in depth and look up prices around the whole of England, I'll see that it is actually small areas that have such low prices. My current view is that at least half of the land mass of England has homes for less than £100k.

I'd like to test my views and see if I'm actually talking out of my !!!!, rather than just claiming it to be so. :P

Not only that the same people makes claims that it was so easy to buy in the past. When I first bought I worked and lived in outer London in a job that paid a lot more than the average shop worker and I had to move to what is now 20 miles outside the M25 to be able to buy. I accept that it would be better if house prices hadn’t boomed as much as they did in the 2000s but people like DaddyBear are almost as bad as the likes of MrRee.

ukcarper

Angry_Bear wrote: »

Hm, I've heard a lot of debate on both sides of this fence so finally decided to do a (tiny) bit of googling:

1975 average house price: 10k, average salary 2,291: ratio 4.3x salary.


2010 average house price 213,116, average salary 23,504: ratio 9x salary.


I accept that using averages is problematic, but those figures certainly give food for thought.

Have you got a link

Here is a link to the HPC showing house prices to earnings


http://www.housepricecrash.co.uk/graphs-average-house-price-to-earnings-ratio.php

here is the later graph

http://blogs.thisismoney.co.uk/2010/04/house-prices-vs-average-earnings.html