BOE's David Miles: House Prices will "Rise for Years"

ukcarper

Emy1501 wrote: »

Rightmove does not seem to support those figures. page 20 for 2 be flats for sale in Hampshire shows a figure of about 270K and on the rental side its about £1100.

Here are two properties in Woking one to rent at £950 the other to buy at £162k.

http://www.rightmove.co.uk/property-to-rent/property-22023348.html

http://www.rightmove.co.uk/property-for-sale/property-22069473.html


£162k over 25 years at 5% is £958.

On right move there are 40 pages of flats below £125k in Hampshire

According to Land reg average price for flat in Hampshire is £123,245

Jimmy_31

Sibley wrote: »

There is no lost generation.

A few chancers who hoped house prices would crash.
Everyone else just got a mortgage and bought a house.

Now you do some overtime, pay more tax and stop whinging.

We need people like you.

The hunters (That's us. The landowners) need farmers to tend our crops and BTL property.

Except your station in life. You will be happier.

You don't need big money like me. You don't go on foreign holidays and have nice things. A couple of pints, a kebab and 20 B&H. There. Your weekends all sorted.:rotfl:

Im surrounded by the lost generation where i live.

No job prospects, no jobs available, no apprentiships available, not much going for the area really.

I also hear about the lost generation from fellas i work with, not a nice position to be in for some of these men, do they advise their kid to go to university in the hope that they can find a job at the end of it (debts appear going this way. Do they advise them to take any job they can just to get a bit of money coming in (no debts appear along with no prospects). Do they say get a trade, knowing full well the construction industry is in a very bad way.

Plenty of the young lads on site are losing enthusiasm for working once they have to start running a van, this happens because the insurance is astronomical and it sets them off thinking about how they are ever going to save up to buy a house.

I dont do overtime as i work via pricework.

The one thing you did get right was that i dont need big money, once ive got a house that is fully paid for ill be working when i feel like it and probably travelling the rest of the time. My nice things will consist of a comfy chair. not really one for buying bits of shiney 5hite.

I wouldnt mind doing some volunteer work at some point in my life, if i have a house with no mortgage i could sign up to one of the programs available that sends you anywhere in the world to help build villages or schools, something along them lines would be ideal for me as ive gained the skills to do it. (Mock me).

A friend of mine has just won a contract with a letting agent to maintain 32 properties they have on their books, ill let you know how that goes.

Hunter:rotfl:

heathcote123

Jimmy_31 wrote: »

Im surrounded by the lost generation where i live.

No job prospects, no jobs available, no apprentiships available, not much going for the area really.

I also hear about the lost generation from fellas i work with, not a nice position to be in for some of these men, do they advise their kid to go to university in the hope that they can find a job at the end of it (debts appear going this way. Do they advise them to take any job they can just to get a bit of money coming in (no debts appear along with no prospects). Do they say get a trade, knowing full well the construction industry is in a very bad way.

Plenty of the young lads on site are losing enthusiasm for working once they have to start running a van, this happens because the insurance is astronomical and it sets them off thinking about how they are ever going to save up to buy a house.

I dont do overtime as i work via pricework.

The one thing you did get right was that i dont need big money, once ive got a house that is fully paid for ill be working when i feel like it and probably travelling the rest of the time. My nice things will consist of a comfy chair. not really one for buying bits of shiney 5hite.

I wouldnt mind doing some volunteer work at some point in my life, if i have a house with no mortgage i could sign up to one of the programs available that sends you anywhere in the world to help build villages or schools, something along them lines would be ideal for me as ive gained the skills to do it. (Mock me).

A friend of mine has just won a contract with a letting agent to maintain 32 properties they have on their books, ill let you know how that goes.

Hunter:rotfl:

When you do buy a house, will you be doing it in your local area, or somewhere nicer?

It's almost like you enjoy the misery and despondency.

Re getting a trade, surely the building trade always goes in cycles?

Jimmy_31

Mr._Pricklepants wrote: »

No it's not.
Maybe round your way it is, but as you said yourself, you live in a crime ridden dump.



Ignore them, suburbanwifey.
They said I was Mr. Ree also.
Anyone who agrees with them is a sockie in their mind. They can't get it into their thick skull that there might be more than one person with the same view.

Yes society is improving.

I started to think this when war memorials were being stolen for scrap.

Some people in the next town from me probably used to think society was great, right up until the free houses ran out around here and the next lot of no marks where moved onto their estate instead. (Its not going down to well, i can tell you that)

Jimmy_31

heathcote123 wrote: »

When you do buy a house, will you be doing it in your local area, or somewhere nicer?

It's almost like you enjoy the misery and despondency.

Hoping to move to another town about 5 miles away.

Im not miserable or despondent, Im just being honest.

Regarding the building trade, all of the old timers are telling me it has never been this bad and ive never seen it this bad either. Nothing on the horizon to show that things could improve either. Ill know if things look like they are getting better after april by the amount of new contracts start, i usually know by early march what work is going to be done and who has won what work and so far ive heard nothing.

RenovationMan

Jimmy_31 wrote: »

Im surrounded by the lost generation where i live.

No job prospects, no jobs available, no apprentiships available, not much going for the area really.

Jimmy, the time traveller from 1930's America.

Jimmy_31

RenovationMan wrote: »

Jimmy, the time traveller from 1930's America.

Oh i thought you had forgotten about me.

Mr._Pricklepants

Jimmy, seriously mate, it's time to get out of your dump. It's bringing you down, I can feel it through your posts.
There's a whole world out there Jimmy, a world where people go to school, get jobs, buy houses, get kids, pay off the mortgage.....a world where people get on with life, grab opportunities and advance their and their family's wellbeing.
Life is too short to be wasted in some dump estate with no prospects in sight.
You're young, you have a trade, go for it.
You will probably reply with another smart one liner, but I'm honestly trying to help here.
Good luck.

suburbanwifey

Mr._Pricklepants wrote: »

Jimmy, seriously mate, it's time to get out of your dump. It's bringing you down, I can feel it through your posts.
There's a whole world out there Jimmy, a world where people go to school, get jobs, buy houses, get kids, pay off the mortgage.....a world where people get on with life, grab opportunities and advance their and their family's wellbeing.
Life is too short to be wasted in some dump estate with no prospects in sight.
You're young, you have a trade, go for it.
You will probably reply with another smart one liner, but I'm honestly trying to help here.
Good luck.

I think the 'grab opportunities' is the best advice here. Opportunities rarely just appear on your doorstep, but when they have I had grabbed them. Other opportunities you have to go out and grab and take, or someone else will. To a degree it will always be a dog eat dog world and the best advice I would ever give anyone is grab opportunities when they come your way or you see them there in the distance. Fear stops most, but without risk, comes no gain. I would say I have achieved what I have in my life and been to some of the places I have been through grabbing opportunity or on occasions, actively chasing them. Life is too short and you never know when it is going to be snatched away. Tomorrow is never promised. Live now and if where you are now Jimmy doesn't inspire you or give you what you want, move! go chase your dreams whilst you are still young enough to do so.

RenovationMan

Jimmy is a highly paid IT consultant who lives in the South East. It's all a joke against Northerners that is now well past it's sell by date. He reminds me of Harry Enfield's "!!!!!!-All-Money" character.