In work poverty due to overpriced housing costs

Kim_kim

ukcarper wrote: »

Depends where you live in Surrey 4 bed semi in my road has just sold for £340k and another £400k

I’m pretty sure I live in a cheaper area of Surrey (I am away from London in the more rural side) and I don’t think there are any 4 beds for 340k.

ukcarper

Kim_kim wrote: »

I’m pretty sure I live in a cheaper area of Surrey (I am away from London in the more rural side) and I don’t think there are any 4 beds for 340k.

I live in Surrey and as I said 4 bed has just sold for £340 needs a bit of work but liveable.
Cheapest nearby at moment https://www.rightmove.co.uk/property-for-sale/property-63484200.html

If 3bed is ok https://www.rightmove.co.uk/property-for-sale/property-64157977.html

Zero_Sum

Dont know Surrey but had a quick look on rightmove & there are a handfull of 4 bed semi's under £350k.

Kim_kim

ukcarper wrote: »

I live in Surrey and as I said 4 bed has just sold for £340 needs a bit of work but liveable.
Cheapest nearby at moment https://www.rightmove.co.uk/property-for-sale/property-63484200.html

If 3bed is ok https://www.rightmove.co.uk/property-for-sale/property-64157977.html

The first one is 375k & they are both in Ash, granted it’s Surrey, but only just!

ukcarper

Kim_kim wrote: »

The first one is 375k & they are both in Ash, granted it’s Surrey, but only just!

One in ash other in ash vale, it depends where you work but good links into London, I live in area moved from more expensive part of Surrey and worked in south west London.

AG47

seven-day-weekend wrote: »

I know plenty of people who live in houses like that.

It the next generation with normal jobs will not be able to buy unless there is a big correction

They will not inherit much because old people will need to take equity to pay for old age care

lisyloo

AG47 wrote: »

It the next generation with normal jobs will not be able to buy unless there is a big correction

They will not inherit much because old people will need to take equity to pay for old age care

The statistics on inheritance don’t agree with your made up statement.
However I would be the first to say it’s not always going to arrive when people need it to buy a house.

Why make things up?

AG47

The future is looking increasingly like there will be nothing left property equity to hand on to offspring because people who own property will be forced to use equity to pay for health care in old age.

It’s not fair because people who don’t have any equity in property will have government subsidies to pay for the old age

lisyloo

lisyloo wrote: »

Why aren’t they going?

I respect the right to disagree of course, that the point of debate but still no answer on why millions aren’t moving out of London/se if it’s so obviously a good idea?

I accept there is a move out of about 100k as reported by metro

Barny1979

AG47 wrote: »

It’s not fair because people who don’t have any equity in property will have government subsidies to pay for the old age

Welcome to life