Crash postponed?

baby_boomer

BTman wrote: »

You call me a "woman"?

To clarify, (wo)man referred to me.

BTman wrote: »

You are just a silly old man who has learned nothing throughout your life except how to sit on a property and watch the price grow.

I've only owned a property for small fraction of my life. You'll be pleased to learn that the 1980s and late 1990s housing booms both passed me by and MIRAS could be a Greek God for all the good she did me.

However I am grateful for not starting my career heavily saddled with the size of debt facing our current 18 year olds.

pamaris wrote: »

Didn't baby boomers have their university fees paid as well.

This doesn't apply just to baby boomers. Anyone over 30 will probably have had their student fees paid as student fees were introduced by New Labour in 1997.

The money was supposed to help the universities but in fact Labour cut back on funding per student by 7% and so the fees ended up being just another stealth tax by Gordon.

bobbie78

RHemmings wrote: »

It's not just the extra time that's important. I looked up how much it would cost to commute from Leicester to London by train. The monthly ticket would cost about £650 or something. Per person so that's £1300 per month for a working couple. Might have changed now. That's a lot of money, and prices need to be a lot cheaper before you're financially better off moving that far away. And then you don't only have to worry about interest rate rises, but train fare increases as well.

You know there are jobs outside of london, which can pay just as well so you end up with more "bang for your buck" if you buy a house further out. More and more jobs give people the option of working from home, if this idea was developed further then people wouldn't have to commute saving the planet from all those car emissions every day when all the oil runs out, and save on the congestion charges that look like they will be brought into most cities soon. You could always just go to london when you wanted then for the shows, museums etc if you must. Then you will be glad you got that 3/4 bed detached house a hour or two outside london (or even further north as I plan) where you work from home apart from the odd meeting, rather than stuck in your crammed apartment which cost double what my house does.

RHemmings

bobbie78 wrote: »

You know there are jobs outside of london, which can pay just as well so you end up with more "bang for your buck" if you buy a house further out. More and more jobs give people the option of working from home, if this idea was developed further then people wouldn't have to commute saving the planet from all those car emissions every day when all the oil runs out, and save on the congestion charges that look like they will be brought into most cities soon. You could always just go to london when you wanted then for the shows, museums etc if you must. Then you will be glad you got that 3/4 bed detached house a hour or two outside london (or even further north as I plan) where you work from home apart from the odd meeting, rather than stuck in your crammed apartment which cost double what my house does.

Actually I used to live in London, but don't anymore. You describe my strategy very well.

Generali

bobbie78 wrote: »

You know there are jobs outside of london, which can pay just as well so you end up with more "bang for your buck" if you buy a house further out. More and more jobs give people the option of working from home, if this idea was developed further then people wouldn't have to commute saving the planet from all those car emissions every day when all the oil runs out, and save on the congestion charges that look like they will be brought into most cities soon. You could always just go to london when you wanted then for the shows, museums etc if you must. Then you will be glad you got that 3/4 bed detached house a hour or two outside london (or even further north as I plan) where you work from home apart from the odd meeting, rather than stuck in your crammed apartment which cost double what my house does.

Venerable European Bank, that I spent some time contracting for, used to encourage home working as to provide a desk in London cost the £20k pa whereas to support homeworking cost them £6k.

Lots of people used to come into the office once or twice a month and it seemed to work very well from what I saw. The workers liked it too as they could live in places that were tough to get to London from but still earn a City wage.

nelly_2

Generali wrote: »

Lots of people used to come into the office once or twice a month .

Sounds like my local councill

Jennifer_Jane

Generali wrote: »

I put Stoke on Trent cultural centre into Google and it returned this. Give me the Royal Opera, ICA, Tate, ENO, Globe and so on any time.

Yes, as I said, houses are very cheap! Well I got to the Opera with free tickets, and the cinema on Tuesdays at Newcastle is £2.50! Went to the Regent Theatre which is fairly new, has good acoustics. Of course, it is NOT the Albert Hall, but I was really meaning that there is life (of a sort) outside London.Yes, I agree that it would be expensive and time-consuming to commute from London to Stoke daily, nevertheless the point I was making was to consider a cheaper location.

I lived in London in the 60's and it was fabulous and probably still is. And we rented a 3-bedroomed flat for 7 of us. Unfortunately, I cannot afford as a secretary to live there these days, therefore I live and work in Cheshire.

My first house was bought in a terrible location, nevertheless, it got me on the property LADDER and am now on my third house, first in UK.

cdafonseca

in my country you can make a mortgage up to 50 years time so you could afford

RHemmings

cdafonseca wrote: »

in my country you can make a mortgage up to 50 years time so you could afford

In the UK you can get an interest only mortgage without bothering about a repayment vehicle. That's an infinity year mortgage, but still people can't afford it.

cdafonseca

RHemmings wrote: »

In the UK you can get an interest only mortgage without bothering about a repayment vehicle. That's an infinity year mortgage, but still people can't afford it.

the best solution at the moment is buy were your money can i live in lowestoft and i recently bought my three bed room house for 88000 grand so were i lucky
me and my partner earn less than 30K together :A

ManAtHome

cdafonseca wrote: »

in my country you can make a mortgage up to 50 years time so you could afford

Just in time to leave the profits to the relatives...