Young people increasingly giving up on buying property

Out,_Vile_Jelly

lippy1923 wrote: »

That's why I said...

"I understand people may move out into rented for job purposes, maybe family trouble means they have to leave etc"

I'm talking about the normal average get on ok with family type.

You're assuming everyone comes from an area with loads of work and good transport. My parents live in a semi-rural area with limited local job availability, mainly seasonal seaside stuff. Rubbish public transport makes it near impossible to get to the biggest nearby towns for conventional office hours, meaning you'd have to spend a chunk of your income running a car. I moved to London reasoning that even if I started on a low paid job, it'd be much easier to change jobs once established, and pick up a second job at evening/weekends.

I've always saved religiously, but couldn't buy until I was 35 (being single makes a big difference), and in the 18 months since I bought my house has apparently gone up in value by an amount that would put it out of my reach if I wanted to buy it now. It's these ridiculous leaps that make people think there's no point in saving.

MFW_ASAP

stator wrote: »

I don't think anyone was suggesting you could

Then why were you going on about people on benefits not being able to save up £33 per month towards a house deposit?

missyrichards

Out,_Vile_Jelly wrote: »

I've always saved religiously, but couldn't buy until I was 35 (being single makes a big difference), and in the 18 months since I bought my house has apparently gone up in value by an amount that would put it out of my reach if I wanted to buy it now. It's these ridiculous leaps that make people think there's no point in saving.

Yes, we bought our first house over a decade ago but now it is valued £100,000 more and we wouldn't be able to afford to buy it now if we were FTB's today.

It's not a nice house or in a nice area either!:D

stator

MFW_ASAP wrote: »

Then why were you going on about people on benefits not being able to save up £33 per month towards a house deposit?

I didn't say anything about a house deposit, I was merely responding to someone who said that even on benefits you could save £33 per week. Which is clearly nonsense.

fordcapri2000

Joeskeppi wrote: »

Has saving £33 a week ever been enough to save a deposit? I saved 10 times that amount per week when I was saving for mine. These people are royally deluded.

Serious question


Have you ever posted anything on here(which is everyday) that has been the truth?

hpifever

I can answer that: no.

Unfortunately a lot of the other posters are the same.

MARTYM8`

TheBlueHorse wrote: »

people on benefits shouldn't be buying houses

Check out right to buy in central London - the taxpayer even gives them £100k off the market price too. Thank you government for robbing council taxpayers!


http://www.dailymail.co.uk/news/article-2905827/The-tenants-benefits-buying-council-house-one-five-applicants-receive-handouts.html

wotsthat

fordcapri2000 wrote: »

Serious question

Have you ever posted anything on here(which is everyday) that has been the truth?

Is someone saving £330/ week for a deposit really so incredible?

chucknorris

wotsthat wrote: »

Is someone saving £330/ week for a deposit really so incredible?

Amazing isn't it? Just because they don't and/or didn't used to earn much, some on here think people lie, I'm not sure if they are being blinded by jealousy or ignorance (maybe both).

ViolaLass

wotsthat wrote: »

Is someone saving £330/ week for a deposit really so incredible?

I agree. It equates to £1430 a month, which, while impressive, is hardly unbelievable.