Harder now for 1st time buyers?

littlegreenfrog_2

marksoton wrote: »

You're ignoring the fact that there will always be a rental market. Someone has to own those properties.

Yes, but it has clearly gone too far. Most people I know who are renting don't want to be renting and wouldn't have been renting at their age if they had been born 10 years earlier.

marksoton

littlegreenfrog wrote: »

Yes, but it has clearly gone too far. Most people I know who are renting don't want to be renting and wouldn't have been renting at their age if they had been born 10 years earlier.

Hence the upcoming changes to make BTL less desirable.

Personally i'd far sooner blame the lack of housebuilding.

sofarbehind

This thread has taken a really nasty personal turn. I suppose we're all more aware of our own struggles and life isn't easy for most people.


I really feel your frustration littlegreenfrog because I'm in the same position.:rotfl:I left London and now I plan to leave the SE and start again. A lot of this is my fault though because I'm 36 and did an underwater basket weaving degree.:o I'm sure I'm not the only person to make big mistakes in life. By the time I had re-trained the world had changed and buying a home is something I really regret not doing 12 years ago. Erm mostly because it would have been easier. It must feel even worse knowing that you haven't made any mistakes like mine.


You will get there and it will feel amazing, I understand what a massive achievement it will be. That's what I keep telling myself anyway..

littlegreenfrog_2

marksoton wrote: »

Hence the upcoming changes to make BTL less desirable.

This could not be more welcome, as far as I'm concerned. I just hope it has the desired effect and doesn't result in the difference being passed on to the unfortunate people stuck renting so as not to make a dent in the landlord's profit margin.

marksoton wrote: »

Personally i'd far sooner blame the lack of housebuilding.

That too. But even when you look at new developments/off plan etc all the literature says "attention investors!" :mad: A house/flat should be a place to live, not just a way for the haves to make more money at the expense of the have nots.

littlegreenfrog_2

sofarbehind wrote: »

This thread has taken a really nasty personal turn. I suppose we're all more aware of our own struggles and life isn't easy for most people.

I really feel your frustration littlegreenfrog because I'm in the same position.:rotfl:I left London and now I plan to leave the SE and start again. A lot of this is my fault though because I'm 36 and did an underwater basket weaving degree.:o I'm sure I'm not the only person to make big mistakes in life. By the time I had re-trained the world had changed and buying a home is something I really regret not doing 12 years ago. Erm mostly because it would have been easier. It must feel even worse knowing that you haven't made any mistakes like mine.

You will get there and it will feel amazing, I understand what a massive achievement it will be. That's what I keep telling myself anyway..

Thank you - I know I need to stop ranting now. It's just so frustrating. And every time I think I've found something suitable it either gets snapped up within days or it turns out there's a very good reason why it's within my price range! (Like, it has a 58 year lease, or the estate agent failed to mention anywhere in the property listing that it's shared ownership and the price quoted is for a 75% share... :mad:)


PS - it's not your fault. You couldn't have known what would happen 12 years ago. I don't think anyone could have predicted that it would be this hard.

ukcarper

sofarbehind wrote: »

This thread has taken a really nasty personal turn. I suppose we're all more aware of our own struggles and life isn't easy for most people.


I really feel your frustration littlegreenfrog because I'm in the same position.:rotfl:I left London and now I plan to leave the SE and start again. A lot of this is my fault though because I'm 36 and did an underwater basket weaving degree.:o I'm sure I'm not the only person to make big mistakes in life. By the time I had re-trained the world had changed and buying a home is something I really regret not doing 12 years ago. Erm mostly because it would have been easier. It must feel even worse knowing that you haven't made any mistakes like mine.


You will get there and it will feel amazing, I understand what a massive achievement it will be. That's what I keep telling myself anyway..

I can understand her frustration but she is trying to blame a particular group of people for the position she's in.

http://strategicsociety.org.uk/wp-content/uploads/2013/07/Lord-C-Lloyd-J-and-Barnes-M-2013-Understanding-Landlords.pdf

A couple of years out of date but page 16 gives you a breakdown of landlords by age 40% are under 45.

sofarbehind

littlegreenfrog wrote: »

Thank you - I know I need to stop ranting now. It's just so frustrating. And every time I think I've found something suitable it either gets snapped up within days or it turns out there's a very good reason why it's within my price range! (Like, it has a 58 year lease, or the estate agent failed to mention anywhere in the property listing that it's shared ownership and the price quoted is for a 75% share... :mad:)

PS - it's not your fault. You couldn't have known what would happen 12 years ago. I don't think anyone could have predicted that it would be this hard.

Oh no rant away and get some of the frustration out. I'm always ranting about it. Putting your life on hold completely is tough, particularly when you get to a certain age and are female. I just wanted to let you know you're not alone.


It's gutting when you miss out on a property, it really is. I find it hard to think about much else at the moment, I'm craving a home. We're nearly, nearly there now. Just hang in. We will be OK.


I'm very aware that people ten years younger than me who make my underwater basket weaving mistake won't be able to turn it around as easily as I have, maybe not at all. That makes me very sad and very grateful.

ukcarper

littlegreenfrog wrote: »

Thank you - I know I need to stop ranting now. It's just so frustrating. And every time I think I've found something suitable it either gets snapped up within days or it turns out there's a very good reason why it's within my price range! (Like, it has a 58 year lease, or the estate agent failed to mention anywhere in the property listing that it's shared ownership and the price quoted is for a 75% share... :mad:)


PS - it's not your fault. You couldn't have known what would happen 12 years ago. I don't think anyone could have predicted that it would be this hard.

Did you look at flat in Ash Vale

marksoton

littlegreenfrog wrote: »

Thank you - I know I need to stop ranting now. It's just so frustrating. And every time I think I've found something suitable it either gets snapped up within days or it turns out there's a very good reason why it's within my price range! (Like, it has a 58 year lease, or the estate agent failed to mention anywhere in the property listing that it's shared ownership and the price quoted is for a 75% share... :mad:)

So there is stuff out there then.

You seem to be wanting some kind of utopian buying experience.

I'm 37 and could only afford a one bed flat in this part of the world (SE). I have an 11 year old daughter. Hardly ideal but one sofa bed later and when she spends the w/e with me the problems solved.

The GF on the other hand due to the way life pans out has a £400K 3 bed in Berkshire. She's 33.

You need to make the most of your own situation and manipulate things to your advantage as best you can. Blaming others isn't going to improve your situation...

tiger_eyes

bigfreddiel wrote: »

Of course you can, but only if you want to. For a start, get rid of your contract phone, ditch the gym membership, stop smoking, bin your new car, stop eating out, cut all those subs to magazines, get rid of sky tv, ditch Netflix, and so on. Cancel the skiing holiday and the summer holiday abroad.

OK. You have no contract phone, no gym membership, no smoking habit, no car, no meals out, no magazine subscriptions, no Sky, no Netflix, no luxuries, nothing. You rent the cheapest studio flat you can possibly find. You slowly start to save. Then your landlord ups the rent. Then again. Then again. Then he evicts you so he can re-let the flat at a higher price and you have to find £2000 for fees etc for a new flat, which empties your savings. Then your new landlord ups the rent. Then again. Then again...