Unaffordable housing

pimento

I always wanted to live where I used to work - Mayfair.

diggingdude

it sucks when having to move from an area you want to be but it is worth it in the long run. I moved back to where i was born as houses are half he price literally of where i was. I only know a couple of people here but i have a nice enough house and several £100 a month spare to go see friends/do things. don't give up your life for a property which will be here after you are

[Deleted User]

I was born and raised in quite an affluent area and whilst on one hand I felt lucky, on the other it did cause a certain degree of resent when it came to buying my first home. My view was that I had a 'right' to buy and live in the area that I grew up in and moving further out into the less affluent areas where houses were cheaper felt like an outrage.

I look back on that now and realise what a spoilt so and so I was being. Eventually I did move out to one of the areas that I sniffed at before and actually came to realise that it isn't that bad at all and learnt a very important life lesson on being humble.

MobileSaver

Matthewpatton wrote: »

This might sound a bit odd, but what do you do if you really want to own a property, you are both working but can't afford to buy where you live because it's so expensive?

I agree, your post is a bit odd; you are a FTB couple earning less than average wage expecting to buy an average house in one of the most expensive parts of the UK.

Your options are to look in a different area, lower your expectations or increase your earnings; I'm not sure there is much more to it than that really.

nyc_451

People with similar wages to yours either rent in Oxford or move further away to places like Didcot or Bicester. Oxford is very overpriced, I don't see why anyone would go out of their way to buy a house there, unless of course they earn enough to live anywhere in the UK.

I've been to many houses in Oxford and the affordable ones for 300-350k look awful in my eyes, areas aren't so nice either.

Have a few friends who can't afford to buy so keep on renting, just so their kids have a chance of growing up in Oxford...why???

babyblade41

blue_mango wrote: »

People with similar wages to yours either rent in Oxford or move further away to places like Didcot or Bicester. Oxford is very overpriced, I don't see why anyone would go out of their way to buy a house there, unless of course they earn enough to live anywhere in the UK.

I've been to many houses in Oxford and the affordable ones for 300-350k look awful in my eyes, areas aren't so nice either.

Have a few friends who can't afford to buy so keep on renting, just so their kids have a chance of growing up in Oxford...why???

Oxford city is out of a lot of peoples reach as lots of properties are owned by colleges and not sure who would want to live in central Oxford.

I live about 8 miles SE of the city, very rural but still expensive , unless you know the area very well it's difficult to buy and knowledge here is a valuable thing.

You can buy a very expensive property in the middle of a bad place

Crashy_Time

http://www.plumplot.co.uk/Oxfordshire-property-transactions.html

Sales in Oxfordshire are dropping sharply, price or Brexit, or both?

jimbog

Crashy_Time wrote: »

http://www.plumplot.co.uk/Oxfordshire-property-transactions.html

Sales in Oxfordshire are dropping sharply, price or Brexit, or both?

From your link:
The average price increased by £3.3k (1%) over the last twelve months

Crashy_Time

jimbog wrote: »

From your link:
The average price increased by £3.3k (1%) over the last twelve months

Average price is a meaningless statistic in this market, transaction data is much more useful IMO