house price madness

The_White_Horse

AndyGuil wrote: »

If people can't afford it then they will stop living there. It is the most in demand market there is, clearly people can still afford it. It is helped quite a bit by the greater salary. Once on the ladder it is also much easier.

hmmm, easier, but not much easier.

mayonnaise

Sellotape wrote: »

It really worries me. I thought we had a good joint income til I realised we will likely never be able to afford a house, even in a London commuter town.

How high is this 'good' joint income?

Because with a good joint income, you can afford in London's commuter towns.

Let's have some data.

Loughton_Monkey

Sellotape wrote: »

It really worries me. I thought we had a good joint income til I realised we will likely never be able to afford a house, even in a London commuter town.

I think you probably mean you can never afford the type/location of house you would like.

This has always been the case for first time buyers. You have to buy something somewhere, and then trade up over time. Simple. Unless your joint income is not "good" [whatever that means.

Sellotape wrote: »

Can't controls be placed on London? It's a pan of boiling water ready to spill over.

What 'controls' do you have in mind?

thor

Even if you could control economic activity in London it won't happen as self interest will put a block on any attempts. It's where power and money has been centralised and I can't see the Government/civil servants/bankers wanting to share out to other regions.