Anyone else in the same boat as me?

Unknown1234_2

Turnbull2000 wrote: »

Of course it matters how long it takes.Moving up a "rung on the ladder" doesnt matter how long it takes its still moving up i was just clarifying why i used the word ladder. Should a couple decide to have children, their first home may not be ideal.

As for moving and finding a better paid job, do you suggest they move away from friends and family for higher paid employment in the South East - where prices are proportionally higher.If they want to live in that area they either work more hours, get another job etc or move Or maybe where prices are lower but there's consequently a lack of high paying jobs?

You also seemed to have ignored my perception of inflation and living costs. Do you not disagree? If the cost of living is going to continue increasing i wouldnt say its drastic enough to affect buying a house, but salaries are not, then we're facing a situation where both partners are required to work full-time So are you suggetsing we will all go into poverty?. Having a child or two may not be financially possible. Thats life, you need to prioritise to get out of life what is most important to you

I should probably add that birth rates are currently being sustained by late conceivers (aged 35+) and immigration.

And should large numbers of aspiring FTBs move to a more affordable area, then salaries will be subdued or fall due to a saturated employment market.

If you believe it's as simple as you say it is, then you're quite frankly kidding yourself.Is that how i managed to buy my own place at 19? through kidding myself

See above in blue

Turnbull2000

Melissa_Hewett wrote: »

See above in blue

The fallacy of your argument is that you're applying your circumstances of buying at 19 to everybody else, despite FTB numbers being at an all time historic low. I'm afraid you're very much a minority. At least what I've outlined is true of many, many thousands. But congratulations on buying at 19 nonetheless. It's highly unusual.

As for your suggestion of working more hours, do a search for "overtime" in this forum for some articles on why paid overtime is becoming somewhat scarce. That's globalisation for you.

pollyanna24

Turnbull2000 wrote: »

So you're about to hit thirty eh. If you bought at say 25 (which is quite a reasonable expectation), that's fits you in just before house prices doubled, tuition fees were introduced, grants abolished, final salary pension schemes pretty much abolished, unlimited immigration saturating the job market, and obscenely low savings rates.

In case you weren't aware, student loan repayments are at 9% of earnings over 15K. That's nearly £100 per month from my payslip. And thanks to the Government stealthily doubling interest rates on this loan, I'm now barely making a reduction on the capital.

Did I forget anything?

Enjoy your 30th :beer:

But I also bought 5 ish years ago (at 21), so it all depends on what you spend your teens and early 20s doing. I saved. I'm not saying it's easy to get on the ladder and yes it has got harder, but it's not a god given right to own your own house. I saved so hard to get my house now at 26 and still can't afford a lot. This was my choice, so I don't gripe about it.

And PS last month I paid off the last payment of my student loan! So I managed to buy a house and pay my debts!

Running_Horse

Destined_to_be_skint wrote: »

ISome of the people on here seem to think you are expecting too much.

No they don't, they are just saying it is incredibly tough, but can be done.

Turnbull2000

pollyanna24 wrote: »

But I also bought 5 ish years ago (at 21

Well, thank God house price inflation hasn't moved these past 5 years then, otherwise we'd all be struggling! 100% increases here or there, well, that's not much of an excuse is it!

Unknown1234_2

I am getting the impress Turnbull doesnt like people who have bought their own place...

Just had a look at threads he has started:
Uk housing bang for the buck
BBC - Rising prices good for majority? Wrong, wrong wrong.
"Expectations are too high", "It's always been hard"
Property value more important than own children, say 92% of homeowners
Brown - 'House prices are higher... but it's not as bad as the early 90's'
More Conservative policy on housing revealed
Reality of the property 'ladder'
FTB Salary v Median Salary
First-time-buyer News Feed!

Turnbull2000

Melissa_Hewett wrote: »

I am getting the impress Turnbull doesnt like people who have bought their own place...

Just had a look at threads he has started:
Uk housing bang for the buck
BBC - Rising prices good for majority? Wrong, wrong wrong.
"Expectations are too high", "It's always been hard"
Property value more important than own children, say 92% of homeowners
Brown - 'House prices are higher... but it's not as bad as the early 90's'
More Conservative policy on housing revealed
Reality of the property 'ladder'
FTB Salary v Median Salary
First-time-buyer News Feed!

Lol. I suppose that means I hate my sister, my mother, all older members of my family, some friends and plenty of work collegues. Yup, I despise them all!

So do you disagree with anything I've reported in those threads, or is that the only comment you have?

financegirl

Guys,

Stop it..it's getting silly and doesn't discuss Dan's original question!!!

Calm down dear...it's only a forum!!:rotfl: :rotfl:

Unknown1234_2

Turnbull2000 wrote: »

Lol. I suppose that means I hate my sister, my mother, all older members of my family, some friends and plenty of work collegues. Yup, I despise them all!

So do you disagree with anything I've reported in those threads, or is that the only comment you have?

Ok lets stop being so dramatic and get back to fact.

I never said "Hate"
I never said "Despise"

GreenNinja

No disrespect to the OP or others that are struggling to get on the property ladder but I do think there are an element of people who bemoan not being able to get on the property ladder and make no effort.

I was seeing a guy a few months ago who was a fair bit younger than me, it transpired after a few weeks of seeing him that although he earned 24,000 a year and had been in his job for the 6 years since leaving Uni he had not saved ONE PENNY towards a deposit and only paid his parents a pittance of £150 a month for all bills and food! He informed me that he struggled to survive and that he was overdrawn! He then went on to tell me how it was impossible to save for a deposit.

:rolleyes: