Movements/Protests against house prices

PixelPound

dburford9 wrote: »

I know there are cheaper parts of Guildford than a £550,000 2 bed apartment...that goes without saying. I'm just making the point that prices get that ridiculous around here.

Maybe some people don't think £550,000 for a 2 bed apartment right next to a station is that much....I do.

Not really sure who would prefer to spend £550,000 on an apartment when they could get a house. Maybe someone minted who already has a house and wants a 2nd pad.

They named a TV program about house buying "Location, location, location" for a reason :rotfl:
Should a Ferrari cost the same as a Ford? Been right next to a station so that you can get into London quicker than if you lived in a London suburb most likely inflates the price, but then you ARE paying for the location.

As to house prices in the SE, if you look on Right Move, then within 20 miles of that £200K house that's been offered £260K (which is again relatively close to a station) there are houses for £60K.

It seems the complaint is someone can't buy in the area they want to for the price they want to. Unfortunately its supply and demand. If you go to cities in the "northern powerhouse" like Leeds and Manchester. 1 and 2 bed flats/houses will go for £200K+ in the sort after areas, but there are houses for £60K within 5 miles of these. So you could easily say that being brought up in a sort after area, you can't afford to buy to be close to parents.

There is no divine right to buying a property where you grew up at the price you want to pay.

Running_Horse

SG27 wrote: »

This may be hard to comprehend but when your family, friends and job are all in the south east It's very difficult to move your entire life to another part of the country.

Continuing the theme, this may be hard to comprehend but there is more to the south east than Guildford. My first home was in the Medway Towns. Far from the best of areas, but it was the first rung, and without making that choice I would not have been able to progress to my nicer house in a nicer area.

Houses near the station in the town where I grew up can cost well over one million pounds, but cheaper flats and houses are available a few miles away. Growing up in the south east, many teenagers must have an epiphany when they realise they will never be as successful as their parents, or aspire to the same kind of house. You can do what it takes to get on in life, or you can rage against the machine.

In answer to you original question, the is a website called House Price Crash where you will find many with views similar to your own. But they have been consistently wrong in their predictions of an imminent crash, and some have made disastrous financial decisions because they did not understand how the housing market works, and tried to opt out of reality.

Is there anything wrong with Aldershot?
http://www.rightmove.co.uk/property-for-sale/property-34853280.html

Landofwood

dburford9 wrote: »

I am guessing you are not very understanding of the current house price situation.

I think most people would agree house prices are over-inflated and many talk about prices being about 20%, maybe even 30%+ over-valued.

My parents bought their house for 7x the average salary in 1987, today the same house will cost you 15x the average salary.....

House prices are rising 5-10% a year - wages aren't rising that quickly.

All good and well 'encouraging' me to work harder - but chasing down 5-10% annual house price increases is impossible.


Also - I am not sure if you are aware of current interest saving rates.....

I am getting very little return on a decent amount of savings.


Less young people are buying. We are even being referred to as 'Generation rent'.

It's not about people not working hard enough - as you are trying to make out. People save and work hard - me included. The problem is property is overpriced.


If you are happy with the goverment not building houses and inflating house prices with the Help To Buy scheme - I can only assume you own a property. Because not many (if any) would point the finger at hard-working, hard-saving people who are trying to do what they can to purchase a property.

If house prices were so high that they were unaffordable, prices would go down. It's the basic principle of supply and demand.

I can understand your frustrations with the lack of house building limiting supply versus an increasing population. But to complain that house prices are too high in prime locations such as Guildford station is silly. Again, prices are only this high because people can afford them. You can't, so what are you gonna do? Complain on a forum? Blame the government? I think I know how that's gonna work out for you.

SG27

Running_Horse wrote: »

Continuing the theme, this may be hard to comprehend but there is more to the south east than Guildford. My first home was in the Medway Towns. Far from the best of areas, but it was the first rung, and without making that choice I would not have been able to progress to my nicer house in a nicer area.

Houses near the station in the town where I grew up can cost well over one million pounds, but cheaper flats and houses are available a few miles away. Growing up in the south east, many teenagers must have an epiphany when they realise they will never be as successful as their parents, or aspire to the same kind of house. You can do what it takes to get on in life, or you can rage against the machine.

In answer to you original question, the is a website called House Price Crash where you will find many with views similar to your own. But they have been consistently wrong in their predictions of an imminent crash, and some have made disastrous financial decisions because they did not understand how the housing market works, and tried to opt out of reality.

Is there anything wrong with Aldershot?
http://www.rightmove.co.uk/property-for-sale/property-34853280.html

For me I had to live near work well within about 30 minute drive. I work long hours and six days a week often.
I know people who work in london so need to be near a station preferably walking distance as station parking is extortionate. Now they can move further out to cheaper areas but will only have to pay higher train fares. So there isn't really that much choice.
In an ideal world I would love to move to cumbria where I could buy a large detached house with land for the price of my 2 bed semi. But I doubt I could find a job that pays well enough!

Landofwood

SG27 wrote: »

For me I had to live near work well within about 30 minute drive. I work long hours and six days a week often.
I know people who work in london so need to be near a station preferably walking distance as station parking is extortionate. Now they can move further out to cheaper areas but will only have to pay higher train fares. So there isn't really that much choice.
In an ideal world I would love to move to cumbria where I could buy a large detached house with land for the price of my 2 bed semi. But I doubt I could find a job that pays well enough!

Many jobs these days allow remote working. The internet is revolutionising the workplace.

I could live in a remote castle on a Scottish Island if I wanted to. As long as I could use GoToMeeting.

But this is another topic, sorry for digressing from OP's rant.

giddypenguin

That would be a fab protest, "what do we want?"
"To be able to buy the exact house in the exact area we want"
"When do we want it?"
"Now!"

TBH, you sound very entitled- as others have pointed out, you can afford a house, just not in the exact area you want- that's life. I quite fancy that Ferrari mentioned earlier, I won't blame the government for the reason why I can afford it.

Meanwhile, the poorest who are struggling to live are facing massive struggles are only seeing it get worse...

Red-Squirrel_2

Landofwood wrote: »

If house prices were so high that they were unaffordable, prices would go down. It's the basic principle of supply and demand.

I can understand your frustrations with the lack of house building limiting supply versus an increasing population. But to complain that house prices are too high in prime locations such as Guildford station is silly. Again, prices are only this high because people can afford them. You can't, so what are you gonna do? Complain on a forum? Blame the government? I think I know how that's gonna work out for you.

As long as a few can afford them and make money by renting them out, prices won't go anywhere fast, even if the vast majority are priced out.

libf

dburford9 wrote: »

If you are happy with the goverment not building houses and inflating house prices with the Help To Buy scheme - I can only assume you own a property. Because not many (if any) would point the finger at hard-working, hard-saving people who are trying to do what they can to purchase a property.

Sounds like Help To Buy would be very useful to you if you used it instead of moaning about it.

I currently live in a shared ownership 1 bed flat in Oxford, because that was what I could afford 5 years ago. Since then I've worked to earn more money and now using Help To Buy I can afford a 3 bed house... in Northamptonshire where prices are cheaper than in Oxfordshire. If you really want to own a house then find a way to make it work instead of moaning.

AdrianC

dburford9 wrote: »

With the Government not bothering to build new houses...
there are surely many disgruntled people out there.

S'funny. I thought the gov't wanted to build new houses, and the disgruntled people were trying to stop them.

http://www.getsurrey.co.uk/news/surrey-news/guildford-future-development-plan-calls-7094666

Anyway - if HtB is "increasing house prices", that's only because it's increasing demand, while supply is remaining the same. Basic economics.

fed_up_and_stressed

SG27 wrote: »

This may be hard to comprehend but when your family, friends and job are all in the south east It's very difficult to move your entire life to another part of the country.

Its not impossible though.. I've moved repeatedly across the country.

In fact in this day and age with cars, facetime and the web its easy to remain in contact across the miles.