Carney states we "do need to be vigilant on house prices"

MrRee_2

chucky wrote: »

it's not rocket science that property should be affordable.

I just don't buy into this argument, property can NEVER be anything other than affordable.

Otherwise not one property would sell.

Property is ALWAYS affordable if it sells .......... whatever anyone may want prices to rise or fall, they will rise and fall according to the markets and, yes, to their affordability.

Just because person A cannot afford something doesn't mean it's unaffordable - because person B can afford it and buys it.

Loughton_Monkey

nickj wrote: »

fortunately i don't live in it , but saffron walden or grid lock and road works as i like to call it

So you don't live in Saffron Walden. That narrows it down!

It used to have an indoor swimming pool heated very warm - in the 1950's/60's.

chucky

MrRee wrote: »

I just don't buy into this argument, property can NEVER be anything other than affordable.

Property is only affordable for those who can afford it.

MrRee_2

chucky wrote: »

Property is only affordable for those who can afford it.

And today's winner for the award of stating the bleeding obvious goes to ................................ CHUCKY!!

:rotfl:

nickj_2

Loughton_Monkey wrote: »

So you don't live in Saffron Walden. That narrows it down!

It used to have an indoor swimming pool heated very warm - in the 1950's/60's.

i don't live in s/w but it is the town i'm referring to
do you remember mr edwards , the swimming coach there? the water may have been warm in the town baths but the changing rooms were always siberian , even in summer. they were closed in the80's ish as they had the slade river running underneath them and i believe it cause a bit of subsidence,

Loughton_Monkey

nickj wrote: »

i don't live in s/w but it is the town i'm referring to
do you remember mr edwards , the swimming coach there? the water may have been warm in the town baths but the changing rooms were always siberian , even in summer. they were closed in the80's ish as they had the slade river running underneath them and i believe it cause a bit of subsidence,

No. Never had coaches. Used to cycle there during school holidays, just to swim.

Nice place, Saffron, but perhaps not user friendly. Even better towards Finchingfield, Thaxted etc. but Stansted has ruined any hope of peace & quiet.

CLAPTON

nickj wrote: »

fortunately i don't live in it , but saffron walden or grid lock and road works as i like to call it

rightmoves lists 21 1&2 bed properties under 250,000


certainly not cheap but young couple...?

Loughton_Monkey

MrRee wrote: »

And today's winner for the award of stating the bleeding obvious goes to ................................ CHUCKY!!

:rotfl:

Congratulations, chucky.

Poor Mr Ree has to settle for close runner up for this one:

MrRee wrote: »

....whatever anyone may want prices to rise or fall, they will rise and fall according to the markets...

nickj_2

CLAPTON wrote: »

rightmoves lists 21 1&2 bed properties under 250,000


certainly not cheap but young couple...?

i've got a young family living a couple of doors down from me , the guy told me tht he's got an interest only mortgage but can't afford to repay any captital , he's been there 5-6 yrs , probably paid around £180k for the property,

CLAPTON

nickj wrote: »

i've got a young family living a couple of doors down from me , the guy told me tht he's got an interest only mortgage but can't afford to repay any captital , he's been there 5-6 yrs , probably paid around £180k for the property,

we don't know the circumstances but that sounds affrordable by any reasonable standards