A cry of anguish

ILW

homelessskilledworker wrote: »

Speak for you your own kids if you have any(very unlikey), My daughter has slogged her guts out at school and has had some form of job since 13 and studying and who now is well on her way to getting her degree. She constantly gives to the community, and is just a happy live for today individual kind loving asks for little girl/lady, I have no idea what her views on housing are just yet.

It really p****s me off when I hear stupid over generalising rubbish like yours.
I suggest you open you history books and read about the pre winter of discontent days when workers were living attached to the appron strings of the unions, one little telling off and all walked out, read about firms like leyland where they made bedrooms in the factory with bed side lights and all, a lazy fragile work force that produced crap when they did work.

Never has our workforce been so useless and lazy as they were between the late 50's and late 70's. Anyone that works these days has targets and works for their wage, I think many of the younger generation have never had as hard for a long time, I am glad I am not living with their problems, the 80's and 90's were great times in every way.

Very nice, but what has it to do with this thread which is about home ownership?

CLAPTON

so a strange rant from a young socialist living as you do in a gated community and renting from a kind 'bloomer' who charges below the going local rent.

lucky chappie

ukcarper

The main thing is he said under 35 and I know plenty of non professional people of that age who own their own homes and this is in the south east commuter belt.

I can see things are getting bad for people younger who have started work in the last 5 years whether than is straight from school or university.

　

chewmylegoff

Generali wrote: »

If the writer is really a professional (e.g. lawyer, accountant, doctor, dentist), why the heck can't he afford to buy a house?

Here, for example, is a very nice little place for £210,000 (link). It's in a very good area and given how hard London professionals work it'll be little more than a crash pad anyway.

It would be reasonable to expect it to go for £200,000 max. £20,000 deposit, 2 grand in stamp duty meaning a £180,000 mortgage. The word 'us' implies the writer is half of a couple so even if they are pretty badly paid professionals on £30,000/year they'll only be borrowing 3 x salary. Even a teacher with a couple of years experience in London makes that!

I suspect the writer isn't a professional except at whinging.

to be fair that isn't really a house, it's more a tiny shed. there is no way i could live in that property with another person.

ILW

chewmylegoff wrote: »

to be fair that isn't really a house, it's more a tiny shed. there is no way i could live in that property with another person.

But is in in one of the more expensive parts of one of the most expensive cities in the world.

15-20 miles away that money would get a 3 bedder.

Generali

chewmylegoff wrote: »

to be fair that isn't really a house, it's more a tiny shed. there is no way i could live in that property with another person.

It is small but if you're doing a 60 hour week (far from unusual for a young professional in London starting out on a career) you're barely going to be there.

Anyway, the place is in Clapham, one of the mose expensive parts of London. If you go down the road to Balham or Tooting then you'll get plenty more for your money.

ILW

Is the term professional being overused these days?
Many people who would have been classed as technicians in the past, now seem to refer to themselves as professionals.

chewmylegoff

Generali wrote: »

It is small but if you're doing a 60 hour week (far from unusual for a young professional in London starting out on a career) you're barely going to be there.

Anyway, the place is in Clapham, one of the mose expensive parts of London. If you go down the road to Balham or Tooting then you'll get plenty more for your money.

35 square metres - it's not small it's a box. i was surprised when i saw the price as i know the area well, even given its tiny footprint i would have expected £250k at least. you won't be a decent 1 bed flat in clapham or balham for less than £300,000. not sure about tooting but i wouldn't live in tooting if you paid me.

but...i also don't see why "young professionals" not earning that much should be able to afford a decent place in clapham. plenty of places in SE london on the mainline out of e.g. london bridge within a 30 minute train ride where you could get a 3 bed house for £200k. i also wouldn't live in any of them if you paid me, but i am a horrible snob.

Generali

chewmylegoff wrote: »

35 square metres - it's not small it's a box. i was surprised when i saw the price as i know the area well, even given its tiny footprint i would have expected £250k at least. you won't be a decent 1 bed flat in clapham or balham for less than £300,000. not sure about tooting but i wouldn't live in tooting if you paid me.

but...i also don't see why "young professionals" not earning that much should be able to afford a decent place in clapham. plenty of places in SE london on the mainline out of e.g. london bridge within a 30 minute train ride where you could get a 3 bed house for £200k. i also wouldn't live in any of them if you paid me, but i am a horrible snob.

If (s)he goes to Guildford he can get a 2 bed place with a 'garden' for £160,000 (link), probably more like £150,000 once you've beaten them down. £180,000 in Sevenoaks gets you a proper 2 bed house where you could have a child quite comfortably (link) and you're only 1 stop from London Bridge, 2 stops from Cannon St or Charing Cross.

Both of these are very nice towns with decent schools, low crime rates, excellent transport links (both road and rail), good shopping, nice countryside on the doorstep, good pubs and excellent sporting facilities.

This person either isn't a professional or expects to be able to buy a place in his first or second year on the job with no deposit. He's a joker either way.

michaels

Yeah - saving for a deposit - I bought my first house only 11 years ago but I accepted that that would mean no big TV, long haul holidays, new furniture and weekends away for a few years beforehand to save the deposit and pretty much no furniture, carpets etc in the first few years as these were saved for.

The OP seems to suggest that it is not reasonable to 'forgo a life' even for a short period in order to save. May be that is the common view now but then perhaps it is unfair to berate those with houses many of whom did just that?