What chance does a twenty something year old have in the South? Anyone else in a similar boat?

System

Funny how when people say there aren't any affordable houses in their area that, London aside, I've managed to find some. Whilst they may not be in the specific town they're within reasonable distance. I've found properties for £100k within 30 minutes of Brighton for example, more than reasonable to commute to the place.

Instead of going all doom and gloom get on Rightmove and expand your search to a 30 mile radius, you may be surprised.

HPC_Ghuol_Hunter

Yes but imagine the horror of living 30+ miles away from mummy. Who is going to wash your panties, tidy your room, cook your meals, and subsidise your living? Won’t anyone think of the man-babies???

buglawton

HPC_Ghuol_Hunter wrote: »

This thread is not about me so it matters not one jot when I purchased my first property. I am not the one sitting on fora day and night bemoaning my lot in life. My point is that I have made real genuine heartfelt sacrifices to get where I am today, all off my own back. So I repeat, what sacrifices has the OP taken to improves his lot? If he wants a thread of tea and sympathy then I’d suggest the goon show over on HPC or the lovely ladies on MN.

Is it something about British culture that makes the prospect of obtaining a decent standard of living into a melodrama?

I've always been impressed with Germany where the right education, training and investment seems to have given average workers decent living space, working hours, public services etc and very importantly, affordability of raising a family.

Less about dramatic sacrifices, more about working smart.

System

HPC_Ghuol_Hunter wrote: »

I find it morally repugnant .

I don't see what other people chose to do is any of your concern, or why you think you have the right to judge their actions morally repugnant.
What other people do does not interfere in any way with how you chose to lead your life.


You seem to have a rather large chip on your shoulder on this subject, which makes me wonder why?

lisyloo

Tarambor wrote: »

Funny how when people say there aren't any affordable houses in their area that, London aside, I've managed to find some. Whilst they may not be in the specific town they're within reasonable distance. I've found properties for £100k within 30 minutes of Brighton for example, more than reasonable to commute to the place.

Instead of going all doom and gloom get on Rightmove and expand your search to a 30 mile radius, you may be surprised.

Is that 30 minutes door-to-door or just the main train ride for example.
My home is 75 mins from my town to London on the train, but it doubles when you add the distances to the train station either end.

Homes next to a train/tube station tend to come at a premium, so doesn’t always work out as simply as you’ve said.

I live about 1 mile from the train station so would need to allow 20 mins to walk there and usually 25 if you have an advance ticket for a specific train and can’t afford to miss it.

There are other factors but generally properties within 1/2 mile of a train station are at a premium so do factor in door-to -door. If you have someone to drive you to the station then great, but not everyone does and cycling isn’t an option for most all year round (or in some jobs even at all).

homeless9

tommysaver wrote: »

To cut a long story short.

I've recently done some quick maths, and well, I'm extremely depressed by it. I'm no millennial moaner, but I simply need to express the issue to someone and see what anyone else is planning on doing? ......

There is no denying that house prices are waaaay too high.

I am in my mid 30's living with other people in a house share who are in their 30's and 40's, who can't get onto the housing ladder. We are living in the South East, Guildford to be exact.

I came out of University in the middle of the recession and have saved ever since. I have saved £10,000 per year for the past 10 years......guess what..... 2 bedroom homes have risen £100,000 in the past 10 years, and that's in the smaller, less desirable towns surrounding Guildford.....

So I have saved a massive amount, but house prices have risen at the same ridiculous rate that I have saved at......so 10 years later, I am in no better place to buy a home on the open market than I was when I had £0 savings 10 years ago.

The only option I have is to move away. I have been thinking of moving as far as Plymouth, Bournemouth or Bristol...... or it's Shared Ownership....

It seems more and more people have no option but to buy through the Shared Ownership scheme, which is an expensive way to buy a property, but is a better option than privately renting.

Privately renting just a 1 bed apartment or house around here costs around £950 to £1200 per month in rent and bills, which is ridiculous. At least if I went to buy a Shared Ownership 2 bed house it would be around £700 per month in rent and bills and I'd get a garden and extra bedroom.

I guess a lot of us who are between 25 and 40 years old will have to live with paying the premium of buying through this scheme.....and most people sub 25 years old are probably stuffed unless there is a significant increase in wages or a house price crash.

On a development near me, they built some 2 bedroom homes which were sold for £345,000 each on the open market. Then came the 2 bed Shared Ownership homes for sale, priced at...... £380,000....

This kind of thing makes me lose my mind. The homes which are supposed to go to people who are struggling, the people who need 'affordable' homes, are being charged at a £35,000 premium. What is going on in this country!!!???.

THIS IS A !!!!!!!G OUTRAGE AND SHOULD NOT BE ALLOWED TO HAPPEN. At least charge the same price as the open market homes....don't go pricing these supposedly 'affordable homes' for a massive premium!

phillw

homeless9 wrote: »

There is no denying that house prices are waaaay too high.

They are higher than you want, but if they are selling then they will go for whatever price some people can afford. Wage gaps have always existed and always will. I'm not convinced there will be a house price crash like we've seen in the past, I don't see lenders triggering mass sell offs again. Brexit adds uncertainty, but i'd be surprised if we saw even a 10% decrease in property prices, which is worth it if you can benefit from it but is unlikely to push many from unaffordable to affordable

homeless9 wrote: »

So I have saved a massive amount, but house prices have risen at the same ridiculous rate that I have saved at......so 10 years later, I am in no better place to buy a home on the open market than I was when I had £0 savings 10 years ago.

I made a similar mistake, I paid three times what I could have bought a house for in the time I saved. The hardest thing to deal with is that it was my own fault.

homeless9 wrote: »

The only option I have is to move away. I have been thinking of moving as far as Plymouth, Bournemouth or Bristol...... or it's Shared Ownership....

My dad moved from Surrey to Essex in the 1960's for the same reason.

ukcarper

homeless9 wrote: »

There is no denying that house prices are waaaay too high.

I am in my mid 30's living with other people in a house share who are in their 30's and 40's, who can't get onto the housing ladder. We are living in the South East, Guildford to be exact.

I came out of University in the middle of the recession and have saved ever since. I have saved £10,000 per year for the past 10 years......guess what..... 2 bedroom homes have risen £100,000 in the past 10 years, and that's in the smaller, less desirable towns surrounding Guildford.....

So I have saved a massive amount, but house prices have risen at the same ridiculous rate that I have saved at......so 10 years later, I am in no better place to buy a home on the open market than I was when I had £0 savings 10 years ago.

The only option I have is to move away. I have been thinking of moving as far as Plymouth, Bournemouth or Bristol...... or it's Shared Ownership....

It seems more and more people have no option but to buy through the Shared Ownership scheme, which is an expensive way to buy a property, but is a better option than privately renting.

Privately renting just a 1 bed apartment or house around here costs around £950 to £1200 per month in rent and bills, which is ridiculous. At least if I went to buy a Shared Ownership 2 bed house it would be around £700 per month in rent and bills and I'd get a garden and extra bedroom.

I guess a lot of us who are between 25 and 40 years old will have to live with paying the premium of buying through this scheme.....and most people sub 25 years old are probably stuffed unless there is a significant increase in wages or a house price crash.

On a development near me, they built some 2 bedroom homes which were sold for £345,000 each on the open market. Then came the 2 bed Shared Ownership homes for sale, priced at...... £380,000....

This kind of thing makes me lose my mind. The homes which are supposed to go to people who are struggling, the people who need 'affordable' homes, are being charged at a £35,000 premium. What is going on in this country!!!???.

THIS IS A !!!!!!!G OUTRAGE AND SHOULD NOT BE ALLOWED TO HAPPEN. At least charge the same price as the open market homes....don't go pricing these supposedly 'affordable homes' for a massive premium!

You could look at somewhere like Bordon 20 miles from Guildford where you can get a 2 bed house for just over £200k

happyandcontented

HPC_Ghuol_Hunter wrote: »

It is utterly disingenuous to suggest that other issues are at play when someone can not have a successful career and live at home. How do you propose attending a top tier university hundreds of miles away then pursuing a specialist career the jobs of which are even further away. Your brood may have been happy to attend the local polytechnic and pursue a generic career in business studies but we are not all cut from the same cloth. Thankfully.

Goodness, how blinkered you are:rotfl: My brood (as you put it) all attended top 5 universities and each have a post Grad qualification. They are a: Lawyer, Professor and Chemical Engineer respectively. Yet they managed what you profess cannot be done....:T

So, forgive me when I suggest either other issues are at play or you didn't try hard enough!

HPC_Ghuol_Hunter

If the nearest top tier university is hundreds of miles away from the family home then how do you profess one attends said top tier university without relocating? Polytechnics are 2 a penny though as you and your brood know only to well, eh?