Rich babyboomers behaving like the nobility in the peasants revolt...

IveSeenTheLight

quantic wrote: »

Yes, and for that reason the scenario you describe is perfectly acceptable, commendable even. I don't accept that someone living in a council house - basically for free, then being offered the opportunity to buy it at less than half market value as there business sense.

The headline of getting property at a huge discount is one which many show signs of jealousy, however, it considers the length of time you have paid into the council home (my G-I-L had done so for over 40 years before she bought) and also the conditions and maintenance required to bring the properties up to a modern spec.

Part of the reason the government sold off council housing was to reduce their escalating maintenance costs.

IveSeenTheLight

quantic wrote: »

I find it actually rewards a life of being workshy in many cases.

Surely they still need to find a deposit / mortgage.
I would think this would be difficult if they were "workshy"

I think someone mentioned the other day that the highest percentage of people who took up the option were 45+ and in full time employment

grizzly1911

ukcarper wrote: »

Since the 70s wages have out stripped earnings by about 70%

Can you explain that one to me I am feeling a bit dim today and can't cope with cryptic messages?

Percy1983

quantic wrote: »

I agree with both of you. That said paying 130k when the previous owner paid £30k 10 years prior can be a bitter pill to swallow mind :rotfl:

I will say its a little bitter, but worth it for what we have got.

In our case the dates match up to say they literally bought it to sell when they retire.

I will say some will look down on it being ex council, the house I am joined to still is council. As it is I have the best neighbours ever they really are great people, likewise if they move out and we get nightmare neighbours it will be easier to get them shifted than if it was privately owned or rented.

Also be ex council the land is freehold and its bottom band council tax.

quantic

Percy1983 wrote: »

I will say its a little bitter, but worth it for what we have got.

In our case the dates match up to say they literally bought it to sell when they retire.

I will say some will look down on it being ex council, the house I am joined to still is council. As it is I have the best neighbours ever they really are great people, likewise if they move out and we get nightmare neighbours it will be easier to get them shifted than if it was privately owned or rented.

Also be ex council the land is freehold and its bottom band council tax.

The irony is that we bought a new build, which was next door to a council owned new build, which I have nothing against except for the fact that they made our life hell for the first year. Happily they got thrown out for trashing the place and so we got better neighbors.

But I digress...

ukcarper

quantic wrote: »

Yes, and for that reason the scenario you describe is perfectly acceptable, commendable even. I don't accept that someone living in a council house - basically for free, then being offered the opportunity to buy it at less than half market value - is a result of there good business sense.

I find it actually rewards a life of being workshy in many cases.

I think the selling of council houses was a bad idea it would have been better if they had used the money to build more but they didn't.

But I'm not sure how you come to the conclusion that people were living in them free and were workshy.

ukcarper

Percy1983 wrote: »

I will say its a little bitter, but worth it for what we have got.

In our case the dates match up to say they literally bought it to sell when they retire.

I will say some will look down on it being ex council, the house I am joined to still is council. As it is I have the best neighbours ever they really are great people, likewise if they move out and we get nightmare neighbours it will be easier to get them shifted than if it was privately owned or rented.

Also be ex council the land is freehold and its bottom band council tax.

is that any more bitter than the boomer who bought in 1989 only to find his house worth almost 20% less 3 years latter. House prices have always gone up and down and normally its just luck when you first buy.

IveSeenTheLight

ukcarper wrote: »

is that any more bitter than the boomer who bought in 1989 only to find his house worth almost 20% less 3 years latter. House prices have always gone up and down and normally its just luck when you first buy.

It's not even about luck.
You buy when your in a position and ready to buy.
That person who bought in 1989, may have flirted with NE but may have ridden the storm and come through the other side.

I would put my self build property on the fact that house is worth a lot more than it was in 1989.

ukcarper

IveSeenTheLight wrote: »

It's not even about luck.
You buy when your in a position and ready to buy.
That person who bought in 1989, may have flirted with NE but may have ridden the storm and come through the other side.

I would put my self build property on the fact that house is worth a lot more than it was in 1989.[/QUOTE



That's what I was trying to say most people buy their first house when their personal circumstances dictate and whether that is in a boom or bust is just luck.

Percy1983

ukcarper wrote: »

is that any more bitter than the boomer who bought in 1989 only to find his house worth almost 20% less 3 years latter. House prices have always gone up and down and normally its just luck when you first buy.

IveSeenTheLight wrote: »

It's not even about luck.
You buy when your in a position and ready to buy.
That person who bought in 1989, may have flirted with NE but may have ridden the storm and come through the other side.

I would put my self build property on the fact that house is worth a lot more than it was in 1989.

Its both, I have bought at the soonest opportunity, as it is luck had it in the time of clearing debts/saving the dropped to the lowest they have for 10 years locally, since then they seem to have stablised but they could drop further yet.

With that I am over a year off my mortgage now so who really cares.