A cry of anguish

Loughton_Monkey

ukcarper wrote: »

Here are some figure to ponder.

According to Halifax the earning to house price ratio was 3x in the mid 90s the lowest it has been since the 1950s. It is now 4.32 the average house price is £161,094 so the salary they use must be £37k male full time mean. If house price was to fall to 3x they would be £112k so if property was at the lowest since 1950 someone on £25k would be able to buy with a 4x mortgage and a 10% deposit .

　

More to the point, if a married couple, both on average salary, had bought a house worth 69.5% of average on a 92% mortgage, in the last quarter of 1988, and subsequently re-mortgaged an additional £10K for a loft conversion in 2002, which had put up the value by 5%, then even they would not understand what the above has got to do with the price of fish. Or indeed houses.

Loughton_Monkey

Nicolafine wrote: »

Sorry, should have read this first. Love it!!!!! Some real bored/retired/judgmental/odd people on this side of the forum. It makes me mad and a bit sad too

Good job you didn't say "boring/retired/judgmental/odd", otherwise I would have assumed you were talking about me, and would have objected in the strongest possible terms.

ILW

Nicolafine wrote: »

Sorry, should have read this first. Love it!!!!! Some real bored/retired/judgmental/odd people on this side of the forum. It makes me mad and a bit sad too

I wish I could retire.

ukcarper

Loughton_Monkey wrote: »

More to the point, if a married couple, both on average salary, had bought a house worth 69.5% of average on a 92% mortgage, in the last quarter of 1988, and subsequently re-mortgaged an additional £10K for a loft conversion in 2002, which had put up the value by 5%, then even they would not understand what the above has got to do with the price of fish. Or indeed houses.

What it means that in 1970 you would need 500lbs of Salmon to buy the average house but now you would need 2000lbs of salmon to buy average house. Mind you the quality of Salmon is not so good now.

Loughton_Monkey

ILW wrote: »

I wish I could retire.

You can.

Take my advice, though. Wait until you can afford to.

ILW

Loughton_Monkey wrote: »

You can.

Take my advice, though. Wait until you can afford to.

That's the problem, I can't afford to.

Homeagain

HOMEOWNING_FTW wrote: »

Bang on the money. Sadly what we seem to have breed is a yoof generation of !!!!less self-entitled whinge bags who would rather sit about all day moaning online about their lot than actually get up off their backsides with their ipods/iphones/ipads or whatever and do an honest days work to earn the crust to own their own home. Our generation never wasted our money on bagging the latest iphone, yes we actually saved and paid down our mortgages.

True, but note the past tense. By the way, not all of us have ipods/iphones whatever etc. Some of us, through circumstance, are not in a position to own their own home. Yes, I do perform an honest day's work and I probably work much, much, much harder than you do. You make me so mad at my husband .... whoops, sorry he had the bl--dyy audacity to die, leaving me with a year old baby .. and still I don't whinge (not online anyway).

chewmylegoff

Nicolafine wrote: »

True, but note the past tense. By the way, not all of us have ipods/iphones whatever etc. Some of us, through circumstance, are not in a position to own their own home. Yes, I do perform an honest day's work and I probably work much, much, much harder than you do. You make me so mad at my husband .... whoops, sorry he had the bl--dyy audacity to die, leaving me with a year old baby .. and still I don't whinge (not online anyway).

don't get too worked up about what you see posted in here, half of the posters are trolls who set up multiple accounts, including the one you're responding to here, just to try to get a rise out of people - there is a reason that you cannot see this forum until you log in!

Homeagain

ruggedtoast wrote: »

Do you want to live in Woolwich?

Have you ever lived in Woolwich?

Have you ever even been to Woolwich?

Why should young people have to live in godawful parts of London so that high property prices can benefit you?

I was born there, is it so bad now??

ILW

Nicolafine wrote: »

I was born there, is it so bad now??

Apparently it is not good enough for the people that keep complaining that they cannot afford to buy a house.