Indy: Economic circumstance is forcing grown adults to live like juveniles

ukcarper

Graham_Devon wrote: »

All I asked was "do you find it harder today". The person I was asking said "Yes I do".

They then gave reasons.

I believe it's harder today. I don't care why. At the end of the day, the reason doesn't make any difference, and wasn't the point of my post.

I shall reiterate. If it's harder, it's harder. You are getting yourself wrapped up in various points I never made...

Heee-horrrrrrrrrrrrrrrrrrrrr

In your world everything is harder but harder than when.

ruggedtoast

ukcarper wrote: »

Not sure why you think its hacked me off as it supports my case that the problem is getting a mortgage not house prices.

If prices were cheaper she wouldn't need a mortgage.

ukcarper

ruggedtoast wrote: »

If prices were cheaper she wouldn't need a mortgage.

Free houses that would be nice

ILW

ukcarper wrote: »

Free houses that would be nice

Loads of them around since the Breweries stopped owning pubs.

Pobby

Can we not remember the 70`s ? Most of my friends did the same as us . Situated some 40 miles west of London we bought houses . 3 bedroom semis , 2 bed terraces and the odd detached .

My now wife and myself did the same . 3 bed semi , 10% deposit , 3.5 times income . Very doable . Then inflation took off , both house price and wage inflation and being in our 20`s , better jobs and promotion .

So in about 6 years we had an income that equated to 1 times income . A couple of years later to point 0. 5 times income . Might be a bit extreme yet similar were happening to others .

ukcarper

Pobby wrote: »

Can we not remember the 70`s ? Most of my friends did the same as us . Situated some 40 miles west of London we bought houses . 3 bedroom semis , 2 bed terraces and the odd detached .

My now wife and myself did the same . 3 bed semi , 10% deposit , 3.5 times income . Very doable . Then inflation took off , both house price and wage inflation and being in our 20`s , better jobs and promotion .

So in about 6 years we had an income that equated to 1 times income . A couple of years later to point 0. 5 times income . Might be a bit extreme yet similar were happening to others .

I think you have a fair point there inflation was about 240% between 1972 and 1978 bank rate increased not sure how wages kept up so your typical 3.5x mortgage would be about 1.5x if your wages kept up.

Mind you average earning to house prices were about 4.8x in 1972 falling to about 3.5x by 1978 actual house prices doubled.

That didn’t make in any easier to buy a property when they were 4.8x in 1972 especially with the lending criteria in place at the time.

By the way 40 miles west of London thats the general area where I bought in 1972.

　

　

Dotty1

Sorry if I've started an argument

Mr._Pricklepants

Dotty1 wrote: »

Sorry if I've started an argument

No worries, Dotty.
We are used to Graham muddling and squirming when he's cornered in a debate. In a nutshell, it usually goes like this:

- Graham: A squirrel is a bird
- Poster: No, it's not
- Graham: LOL! Yes it is! You silly boy!
- Poster: No, it's a mammal. Look here (posts link)
- Graham: Yes, but I was talking about robins. Robins are birds.
- Poster: Yes, robins are birds, but you said a squirrel earlier.
- Graham: I'm done with this thread. You are muddling things just to score internet points.

ukcarper

Dotty1 wrote: »

Sorry if I've started an argument

No need to apologise that’s what most of us come here for.

StevieJ

ukcarper wrote: »

And talking rubbish the posters problem is not the price of houses but the fact that they are having difficulty getting a mortgage even though they can afford it.

Isn't that the point that Hamish and Conrad make all the time?