Nobody is priced out..

Graham_Devon

Lagoon wrote: »

If that means putting in lots of unpaid overtime, paying to go and study for further qualifications and moving across the country to somewhere you might not be happy living but where salaries are higher, that can't necessarily be considered 'easy'. That's a lot to expect of a lot of people. It's not entirely impossible, but why is home ownership so important that people are EXPECTED to do that much for it?

.... while living with your parents :D

Sorry, couldn't resist. It only took a further handful of posts for the same "well move then" scenario to rear it's head!

Again, with kids, just moving aint easy.

IveSeenTheLight

PasturesNew wrote: »

Not everybody is a couple ..... I would struggle to earn £20k, never mind save it in a year.

I have no iPhone, nor holidays.

Pastures,
Your quite a unique character, capitalised on previous HPI and choosing to live in a lower employment area as opposed to moving where there is greater demand for work.

I believe we established before that you could earn far more if you commited to doing so.

I even recall sending you job centre links to other parts of the UK.

IveSeenTheLight

Graham_Devon wrote: »

.... while living with your parents :D

Sorry, couldn't resist. It only took a further handful of posts for the same "well move then" scenario to rear it's head!

It's a global world out there.
People have always moved for work.

I know people who's family are located in four different continents.

Even thinking back to previous generations, people moved.

Feel free to stay put if you want, it's an individuals freedom of choice.
Just don't EXPECT the world to adapt to your own personal needs.

Graham_Devon

ILW wrote: »

Think ahead though, rents are only likely to increase with or above inflation. Mortgage repayments are likely to be relatively static. In 20 years time chances are a mortgage will be costing a quarter of what you will be paying in rent.

Shared ownership (not the newbuy schemes) may actually be beneficial to Lagoon.

Lagoon, have you looked into Shared Ownership? Cheaper than renting (in most cases), comes with it's fair share of drawbacks, but better than renting forever. You at least get some house and can buy more if funds allow.

I know you are not looking for advice, but this is a case where (as such an owner myself) it may well work for you as it has for me.

Graham_Devon

IveSeenTheLight wrote: »

I have six pages of searched threads, 137 threads to be exact where I also discussed children.
I honestly think you block out what you don't want to hear / read.

Here's on in particular where I responded to apparent "stealing from my children"
http://forums.moneysavingexpert.com/showpost.php?p=33382069&postcount=4

Jonbvn summed it up nicely
http://forums.moneysavingexpert.com/showpost.php?p=33387671&postcount=12


Here's an apt post in a thread which is relavent to this thread topic
http://forums.moneysavingexpert.com/showpost.php?p=54622365&postcount=111

Here is the specific post in that thread of a guy who left the forces with very little, had the determination and focus to save on relative average wages, with kids

http://forums.moneysavingexpert.com/showpost.php?p=54600659&postcount=97

You even thanked it.

And another
http://forums.moneysavingexpert.com/showpost.php?p=46518085&postcount=19



So no need for an apology, once again, I've provided evidence easily available that your wrong and have a blinkered memory.

It's a bit of a groundhog day relationship we seem to have isn;t it?

I won't hold my breath waiting for an apology or retraction of statement, we've been there once or twice before to no avail.

Blimey - you really researched all that!? 137 threads and still couldn't provide me with a HPI cheerleader taking kids into account when saying houses are affordable!?

All the calculations come from the basis of 2 people working full time. That was my point. My point wasn't how much better our kids are compared to third world countries, and I'm baffled as to how you think your quote was in any way relevant.

All you have done is listed some posts talking about kids. I don't want to get into a discussion whereby you simply end up claiming I'm muddling the conversation - as I'm not. The point was very simple. All those who suggest that housing is affordable do not take into account kids and always start from the very best basis.

Lagoon

Graham_Devon wrote: »

Shared ownership (not the newbuy schemes) may actually be beneficial to Lagoon.

Lagoon, have you looked into Shared Ownership? Cheaper than renting (in most cases), comes with it's fair share of drawbacks, but better than renting forever. You at least get some house and can buy more if funds allow.

I know you are not looking for advice, but this is a case where (as such an owner myself) it may well work for you as it has for me.

I hadn't heard of Shared Ownership, actually. Thanks - that'll give me something to read later on.

IveSeenTheLight

Graham_Devon wrote: »

Again, with kids, just moving aint easy.

Young kids are very adaptable.

I believe that they can cope with moving at most times of their life and would only potentially need a bit of stability in the couple of years running up to their exams.

There are many families that move regularly, forces families are one example with no reports that I am aware of that this is detrimental, indeed there is an argument that this helps develop social skills and awareness of the world as opposed to being entrenched in a small community mindset.
I say this as a boss of mine had commented that their kids had no real desire to explore possibilities out of their village, even to relatively small towns / cities.

Graham_Devon

Lagoon wrote: »

I hadn't heard of Shared Ownership, actually. Thanks - that'll give me something to read later on.

OK - the words "shared ownership" seem to encompass a whole range of different products.

Shared ownership is where you own a percentage of the house (usually 25- 40%) via a standard mortgage. You then pay rent to a housing association on the rest of the house. You should be able to "staircase" (that is buy more of the house) at a later point. You will buy your new share at the market value at the point you buy it, not at the value you initially paidf for your first share. It comes with drawbacks, these need to be researched.

Shared ownership is not shared equity, newbuy, or any of the recent new schemes. Basically, if you do some research, ignore any scheme which is described as shared ownership but requires a loan AND a mortgage AND sometimes rent. That's shared equity, but people seem to confuse the two all the time.

https://www.gov.uk/affordable-home-ownership-schemes/shared-ownership-schemes

I would really recomend at least looking into it. People will pour scorn on it, BUT, if you have no other option to buy outright, and you are looking to rent longterm, I believe Shared Ownership will offer you something more, for the same money.

So long as you can raise a deposit for the 40% (or whatever the share is) you should qualify, and I believe, based on what you have said, would tick quite a lot of boxes for you.

I couldn't recomended Shared Equity or any newbuy scheme which come with deferred loans.

[Deleted User]

IveSeenTheLight wrote: »

Young kids are very adaptable.

I believe that they can cope with moving at most times of their life and would only potentially need a bit of stability in the couple of years running up to their exams.

There are many families that move regularly, forces families are one example with no reports that I am aware of that this is detrimental, indeed there is an argument that this helps develop social skills and awareness of the world as opposed to being entrenched in a small community mindset.
I say this as a boss of mine had commented that their kids had no real desire to explore possibilities out of their village, even to relatively small towns / cities.

This 'moving to different cities' just managed in myself and my brother getting bullied because of our 'funny' accents

But.. if you move, you can't live with your parents, so you get to pay someone rent.. it's a big vicious circle. I'd have bought a house much quicker if i hadn't had to move 200 miles for my first full-time job

Mr._Pricklepants

From the job advert posted, I assume Lagoon is in the North West.
Average house price in the NorthWest is 105K.
We already learned that monthly mortgage payments won't be a problem, and the deposit is the only hurdle.

From another thread, it seems that Lagoon and OH need a 8-10K deposit.

Lagoon wrote: »

I would like us to be able to save a deposit for a house - around £8k-10k. However, I'm 26 this year and would like to have my first child before I'm 30. We've got nothing saved so far, so I think it will be a choice between home ownership and a family. Life isn't long enough for both!

So let's ignore for a second all this talk about moving, doing masses of overtimes or getting another degree.
We're talking 8-10K here.
Both being on an 'average' salary, would it be that hard to save 400 quid a month for 2 years? Really??