Will the next generation be able to buy their own house?

The-Joker

MobileSaver wrote: »

That doesn't even need saying does it? Demand is people who want something and can afford it, always has been, always will be; has anyone ever said anything different? :huh:

Yes the perma prop bulls seem to think that increases in population more than new property being added to supply automatically mean more demand when the truth is actually less demand at these inflated prices because less people can raise funds

Zero_Sum

:j

ukcarper wrote: »

I don't believe the problem is national but in the areas where it does exists unless demand falls or supply increases I'm afraid it can continue.

Its not a national problem. Its mainly a London & SE problem.
And unless the government get serious about investing in the regions at the expense of London then it will continue. Whats also frustrating is that the way the media & politicians go on its no wonder so many people think its a national problem.

Its arguably the main reason the brexit vote went the way it did. And things wont change as the London based establishment are too protective of their property values.

The-Joker

This thread should be renamed WILL THE NEXT GENERATION BE ABLE TO AFFORD TO BUY THEIR OWN HOMES EASIER THAN TODAY?

The-Joker

lvader wrote: »

It's not a conspiracy issue, it's a legal issue, May couldn't even get a time limit on it.

Boris has only got as far as May did, it didn’t get through for her I don’t see why it will work for boris

RealElement47

The-Joker wrote: »

Boris has only got as far as May did, it didn’t get through for her I don’t see why it will work for boris

Things are more uncertain and more unstable than ever before

Anything could happen

Why extend the uncertainty and instability even more? Crazy days

phillw

RealElement47 wrote: »

Things are more uncertain and more unstable than ever before

Anything could happen

Why extend the uncertainty and instability even more? Crazy days

A wrong move now (passing boris bill) will create more uncertainty and instability. So it's all relative.

If it's passed then we know that we'll have another cliff edge next year. If it's amended then maybe we can avoid that.

snowqueen555

I have the opposite problem to most. I have a low salary but a decent deposit. I can put a decent deposit down but can't borrow enough money to get the cheapest flats.

MobileSaver

snowqueen555 wrote: »

I can put a decent deposit down but can't borrow enough money to get the cheapest flats.

As with everyone else in that case you either need to increase your salary or consider a cheaper area if you want to own your own home.

Herzlos

DannyGold wrote: »

Exactly this just show how property has gone up far more than inflation and this can not continue, there has to be a correction

The thing is house prices will continue to raise whilst people can still afford to pay them. With growing inequality the houses are still affordable to the rich but getting less affordable to the poor, so there's no reason it'll stop.


I think we're likely to see smaller and smaller houses, with more people sharing (either mortgaged or rentals) like in the "good old days". At some point we may even see Japan style 50+ year mortgages.

Cakeguts

snowqueen555 wrote: »

I have the opposite problem to most. I have a low salary but a decent deposit. I can put a decent deposit down but can't borrow enough money to get the cheapest flats.

https://www.rightmove.co.uk/property-for-sale/property-83705840.html So what you are saying is that you don't earn enough to buy this flat although you have a decent deposit which I assume is more than the £6000 needed for 10%?