Nationwide- +0.8% MoM +3.9% YoY

92203

chucknorris wrote: »

Yep, just as I thought you are so far out of touch with reality it isn't just difficult it is impossible.

You're so oblivious to your own ignorance and prejudice, that you are unable provide a counter argument to what I've put. And to further prove this, you're even resorting to personal insults rather than debating the matter in hand.

I have even provided you with facts and figures to prove my point.

Please explain why it is advantageous to engineer a housing supply shortage, allow unprecedented levels of immigration and population growth to further drive demand, and then create financial mechanisms to increase prices further, without addressing supply side limitations?

Fabulous for people who bought their houses pre-boom, who can withdraw equity etc, disastrous for young people who aspire to own a home and start their own family.

I hope that you are able to understand and assimilate what I've put, however I suspect that judging by your previous post, I am wasting my time trying to debate with someone of such apparently low intellect.

For the record, before you ask, I am not a low wage worker, and nor is my girlfriend. I work in IT and earn £35K, my girlfriend is a nurse and earns £21k basic.

chucknorris

92203 wrote: »

I hope that you are able to understand and assimilate what I've put, however I suspect that judging by your previous post, I am wasting my time trying to debate with someone of such apparently low intellect.

I'm a chartered surveyor and currently work as a university lecturer, what do you do?

But you are correct about this being a waste of time because you are so bitter and twisted you can't think straight.

ukcarper

chucknorris wrote: »

Nope it is definitely you that is deluded and out of touch with reality. Of course they are at a disadvantage the market has moved on, man up and deal with it! Buying a house isn't a right, obviously not everyone will be able to afford it, especially those on min wage.

Saying that a couple both on minimum wage could afford this http://www.rightmove.co.uk/property-for-sale/property-39230716.html

With 10% deposit and 2.5x joint income mortgage

chucknorris

ukcarper wrote: »

Saying that a couple both on minimum wage could afford this http://www.rightmove.co.uk/property-for-sale/property-39230716.html

With 10% deposit and 2.5x joint income mortgage

Lincoln is one of the lowest priced areas in England though, so if only a few examples can be found in such a low value area how on earth would it apply generally.

ukcarper

chucknorris wrote: »

Lincoln is one of the lowest priced areas in England though, so if only a few examples can be found in such a low value area how on earth would it apply generally.

It's been a long time since anyone earning minimum wage could buy where I am. But all the people complaining seem to compare price to the last crash. Where and when I first bought in the 70s if there was a minimum wage you wouldn't have been able to buy on it, I really struggled and we were earning similar equivalent wages to 99203.

chucknorris

ukcarper wrote: »

It's been a long time since anyone earning minimum wage could buy where I am. But all the people complaining seem to compare price to the last crash. Where and when I first bought in the 70s if there was a minimum wage you wouldn't have been able to buy on it, I really struggled and we were earning similar equivalent wages to 99203.

I'm not saying that once upon a time it couldn't be done, what I am saying that times have changed and now it is unrealistic for those on min wage GENERALLY to expect to be able to buy a house. Obviously they will be exceptions, help from parents, windfalls, previously higher paid job etc.

92203

chucknorris wrote: »

I'm a chartered surveyor and currently work as a university lecturer, what do you do?

But you are correct about this being a waste of time because you are so bitter and twisted you can't think straight.

See my edit of the above post for my occupation and earnings. Your posts and responses did not appear to formed by someone who is well educated or academic.

You still haven't answered my question though, which to repeat ;

Please explain why it is advantageous to engineer a housing supply shortage, allow unprecedented levels of immigration and population growth to further drive demand, and then create financial mechanisms to increase prices further, without addressing supply side limitations?

As for me being bitter about the whole situation, I am completely incensed by it.

Had I been born 10 years earlier, I'd have been able to afford to buy a house in a reasonable area, live a reasonably comfortable life and maybe have children.

Now, it's a choice between being able to buy a house in a reasonable area suitable for raising children, or having children and having to buy in a rough area due to reduced earnings on my girlfriend's part.

To be honest, if we go down the route of having children (which my girlfriend is quite insistent upon), we will end up buying in a cheaper area and end up in an area where people on housing benefits etc get put. I may aswell have not bothered with my career, just gone on the dole and had a few kids.

I am only prepared to purchase a house based on me earning less than or equal to £25k. Despite my wage appreciating, many areas of the IT jobs market are in decline due off-shoring and changes in the market.

ukcarper

92203 wrote: »

See my edit of the above post for my occupation and earnings. Your posts and responses did not appear to formed by someone who is well educated or academic.

You still haven't answered my question though, which to repeat ;

As for me being bitter about the whole situation, I am completely incensed by it.

Had I been born 10 years earlier, I'd have been able to afford to buy a house in a reasonable area, live a reasonably comfortable life and maybe have children.

Now, it's a choice between being able to buy a house in a reasonable area suitable for raising children, or having children and having to buy in a rough area due to reduced earnings on my girlfriend's part.

Why do you think 1999 prices are the norm, compared to earnings that was by far the cheapest time since the war. You ignore the fact that they were as high as they are now in 70s and 80s.

chucknorris

92203 wrote: »

See my edit of the above post for my occupation and earnings. Your posts and responses did not appear to formed by someone who is well educated or academic.

You still haven't answered my question though, which to repeat ;



As for me being bitter about the whole situation, I am completely incensed by it.

I made the mistake of buying a house in 2006 (I wasn't particularly keen to do so at the time, but was worried about being completely priced out of the market as prices rose). I spent £105k on a house which had cost the previous owner £38k in 1997. I had a reasonable job at the time (earning £25k which was good for the area). The area is quite rough, with quite a lot of the houses being rented out to people on benefits.

Interestingly, most of the people who owned round there had brought pre-boom and were in low paid or blue collar jobs (eg cleaners, tyre fitters etc).

Had I been born 10 years earlier, I'd have been able to afford to buy a house in a reasonable area, live a reasonably comfortable life and maybe have children.

Now, it's a choice between being able to buy a house in a reasonable area suitable for raising children, or having children and having to buy in a rough area due to reduced earnings on my girlfriend's part.

Well let’s get a few things cleared up:

1. You started the personal insults and so far I haven't sunk to your level.You even had the cheek to raise the subject of my intellect, that is why I told you that I am a chartered surveyor and currently work as a university lecturer, I am also independently wealthy (self made), I came out of early retirement to start lecturing for personal satisfaction and also to try and give something back (my investments make almost double my lecturing salary).



2. You are obviously bitter and twisted about the way things have turned out and I am not going to waste time trying to explain to you that there is no conspiracy, it would be a waste of time, you wouldn’t listen. You obviously blame others for your lack of success. What you need to do is move on and analyse what you need to do to improve your life, whinging on an internet forum is not going to change anything.

92203

chucknorris wrote: »

Lincoln is one of the lowest priced areas in England though, so if only a few examples can be found in such a low value area how on earth would it apply generally.

It's not one of the lowest, it's probably at the top of the lower third, though is surprisingly more expensive than Notts, despite the fact that there is far more opportunity in Nottinghamshire.

For the record, I'm not against renting, however in my opinion, rents are overpriced too, again because of a housing shortage and the false floor in the market created by housing benefits payments.

We are in desperate need of more social housing, and I would be a strong proponent of any movement to build more.

At this stage in my life, I would prefer to rent to allow me mobility to pursue and advance my career. Unfortunately, I need to buy to insulate myself from rent/house price inflation.

I suspect things to continue to move in their current direction, in order to enrich the few. Housing will become less and less affordable, living standards will deteriorate further and most people of working age will end up having to spend their entire lives living in HMOs (house shares).

Not an existence I would like to live, certainly not with the stress and challenges I encounter at work.