The crushing housing burden on the young. Boomers, investors and landlords profit

wotsthat

Savills says the average price of its London stock has reached £3.2m, so here are the houses I will never own. Here are the kitchens I'll never argue in, the bathrooms I'll never paint regrettable shades of green.

As long as people simply can't imagine living outside London prices will remain high.

You could buy this in the midlands for £1.75m leaving plenty of change to buy green paint from £3.2m. Eva Wiseman, I'm sure, would be wandering the 5.2 acres frustrated at the unfairness of not being able to smell people's armpits on the tube.

http://www.rightmove.co.uk/property-for-sale/property-37701916.html

Loughton_Monkey

ruggedtoast wrote: »

I would like you to provide a rightmove link to these £80k 2 bed flats within a commutable distance to London please.

Trying to be helpful as ever, I looked up my own postcode. Nearest I could get, sadly, was £200K

http://www.rightmove.co.uk/property-for-sale/property-39909062.html

Still, it will provide a very decent home.... for your Ferrari

Cornucopia

ruggedtoast wrote: »

I would like you to provide a rightmove link to these £80k 2 bed flats within a commutable distance to London please.

You need to re-read what I posted.

1-beds c. £80K:

http://www.rightmove.co.uk/property-for-sale/property-33434818.html

http://www.rightmove.co.uk/property-for-sale/property-40154929.html

Clapton has provided a number of other examples.

Jack_Johnson_the_acorn

collywollys wrote: »

Not everyone can live at home with Mummy & Daddy. Did you manage to pay them the average rent price for your area while you saved your 13K ??

I paid them enough for a house share, 200 per month to be precise.... but then do you think parents should try and profiteer from their children??? they didn't gift me any money towards my deposit and i didn't expect any financial assistance. Have you managed to get on the property ladder yet?? Hope so, you don't want to be paying someone else's mortgage off !

Ronaldo_Mconaldo

It's just jealousy. If there was a mass house building scheme and we all got our own mega mansion for £200 a month (in mortgage payments, of course. Not rent) then everyone would be complaining about their inability to obtain some other item. "Boo hoo, why can't me and my friends get our own Ferrari, other people have them so we should ALL have one".

Or why doesn't she just move out of London?

[Deleted User]

Jack_Johnson_the_acorn wrote: »

I paid them enough for a house share, 200 per month to be precise.... but then do you think parents should try and profiteer from their children??? they didn't gift me any money towards my deposit and i didn't expect any financial assistance. Have you managed to get on the property ladder yet?? Hope so, you don't want to be paying someone else's mortgage off !

£200 a month, for a house share? Blimey. I remember paying £450 a month for a tiny box room in zone 3 house-share, then having to pay split bills on top. And, that was in 2005

Although, i do remember looking in estate agents back in 2005 wondering how on earth anyone afforded flats in that area

The only 'affordable' areas in London are now in East London/Essex

JencParker

Ronaldo_Mconaldo wrote: »

It's just jealousy. If there was a mass house building scheme and we all got our own mega mansion for £200 a month (in mortgage payments, of course. Not rent) then everyone would be complaining about their inability to obtain some other item. "Boo hoo, why can't me and my friends get our own Ferrari, other people have them so we should ALL have one".

Only those who are so materialistic and wrapped up in their own wealth and greed would think like that!

JencParker

SAVING_IS_DEAD_MONEY wrote: »

Since when did FTBs move into £250,000 gated dream homes as their first property? Never. It's the sickening self-entitlemet of this work-shy yoof that's most galling. We all started at the bottom. Know your place, hoof.

What a load of rubbish - my first house is now worth £500k (although didn't cost me that 20+ years ago). It was hard but achievable.

And £250K would not get you a gated dream home around her - it may just stretch to a 2 bedroom ex-council flat in the less popular areas.

Cornucopia

There's a fundamental misunderstanding at the root of all this, I think.

Everyone has a right to a home. But they don't have a right to a free/cheap home.

I suspect most people of a certain age struggled with their early steps in the property market - I certainly did.

Prothet_of_Doom

Ronaldo_Mconaldo wrote: »

Or why doesn't she just move out of London?

My nephew and his wife, have given up, and moved 220 miles north, given up jobs in london that barely pay enough to pay the rent, and are looking for work in Miseryside, so that they can raise a deposit and buy a house or flat, meanwhile they have moved in with my sister in law, rent free.
His last job in London ? Letting Agent.
Her last job ? Freelance Drama