Movements/Protests against house prices

AdrianC

Anyway, a quick look at RightMove finds 35 non-shared ownership, non-retirement 2+ bed properties within five miles of Guildford.

chris_m

SG27 wrote: »

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!

Hehe, someone after my own heart. I'm taking early retirement in a couple of months and that's precisely what I intend to do.

My advantage is that I don't need to find a suitably paying job. I will have sufficient savings/investments to enable me to buy for cash, do any necessary work before moving all my clobber up there, then tart up my flat and sell that to replenish the savings.

PixelPound

dburford9 wrote: »

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

They are NOT over-valued because houses are selling for asking price, or in the case of that £200K house, more than the asking price. They may be over-what-you-value but that's not the same

dburford9 wrote: »

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.

True house prices have, in the past, outstripped wage increases and other investment options. That's why many bought houses, because of the value. That it's unlikely to change, though no where near the same increase, is why many feel the need to get onto "the ladder" sooner rather than later.

dburford9 wrote: »

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.

"Generation rent" is a media term, you are assuming you have right to buy a property, why do you? We used to be largely renters in the UK, the policy of successive governments have made home ownership desirable and profitable. This and economic factors have put house prices where they are now. The consequence is that young people are unable to have the access to becoming home owners that their parents, and even grandparents had. The number of people renting verses buying is increasing, but that does not mean its because of Help to Buy

Surrey_EA

Guildford is especially expensive given its relatively fast transport links to London. Many of the people who buy homes in Guildford are doing so on London wages, and this has the affect of raising prices for everyone else.

Excluding London, Guildford is one of the most expensive parts of the country to buy a property in.

Lord_Baltimore

Surrey_EA wrote: »

...avatar...

That's the late Marco Simoncelli if I'm not mistaken? RIP.

Surrey_EA

Lord_Baltimore wrote: »

That's the late Marco Simoncelli if I'm not mistaken? RIP.

It is indeed. A very sad loss.

RIP

SG27

Landofwood wrote: »

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.

Unfortunately not mine. I work in manufacturing I need to be near a factory. And it's fairly specialist manufacturer not many about. If I had known when I was 18 what I know now it wouldn't have been my first career choice! Working from a remote Scottish castle sounds like a dream!

PixelPound

Quizzical_Squirrel wrote: »

It's difficult to move your entire life.
It's difficult to afford a house where you live.

Choose your 'difficult'.

You missed, its difficult to pay for rent when your dream is a home of your own

robatwork

The OP hasn't been back in a while and probably won't come back. But on the off chance - why do you need to live in Guildford?

Landofwood

robatwork wrote: »

The OP hasn't been back in a while and probably won't come back. But on the off chance - why do you need to live in Guildford?

It's not even very nice.