1st positive thread on here on how you CAN get your 1st home

triathlon

lisyloo wrote: »

Playing devils advocate, why not move from the south? (Those who are able).
I’m planning on moving once I am able (family commitments) and property prices will be a factor in my choice.

When I was young we didn’t have tech (well vinyl). We had zero or one TVs in the whole house and one car. Second hand clothes were normal if you had sisters and brothers.
People definitely have more possessions now.

I never felt deprived or like I was “living like a pauper” as this was normal.

I would not expect anyone to live like that now, but I have a second hand phone and a 21 year old car. It gets me from A to B the same as everyone else. I don’t associate with the kind of people who think less of me because I have an old banger.

Can you educate me on what I say the hardship with having an older iPhone or older car (assuming reliability).
Is it a self esteem thing, want the features, keeping up with the Joneses?
I’d love to understand.

I have met so many people with website businesses who for some reason cling to the south of the country, many of which complain about property prices. There are not many people I envy, but these people I do, they could relocate to anywhere in the UK and business will be more or less the same as long as they have broadband.
I would be heading straight to Northumberland and a life of quality cheap housing with a small holding at a fraction of the price as many places and living in an outdoors sports paradise with the sea and countryside, why can't these clever people think outside the box.

lisyloo

Agree, but not sure they are listening.
If I see people who’ve done better than me I look at what I can learn from them. Sometime I would not have wanted to make the sacrifices they made or take the risks they took, so I think good for them but I wouldn’t want to do that. Other times there is something I can apply to my own life.

lisyloo

triathlon wrote: »

why can't these clever people think outside the box.

Is moving to a cheaper area really that revolutionary a thought process?

I currently can’t move because of elderly care responsibilities, but most FTBs don’t have that issue.

I’m thinking of Portugal or Malta and would look to listen and learn from those who’ve made a success of it.

PasturesNew

Forgot to put at the top of your list "become a WE".

You start writing like an "I", but were really a "WE".
... you also hid in the small print that you did it in 1997.

In 1997 I was earning £17,500
That same firm still has that job advertised, I checked, they are paying £17,500.

Wages haven't increased, house prices have.

gt568

PasturesNew wrote: »

Forgot to put at the top of your list "become a WE".

You start writing like an "I", but were really a "WE".
... you also hid in the small print that you did it in 1997.

In 1997 I was earning £17,500
That same firm still has that job advertised, I checked, they are paying £17,500.

Wages haven't increased, house prices have.

what you forget is most people aren't doing the exact same job they were in 1997. They moved up the career ladders and are earning more.

Zero_Sum

PasturesNew wrote: »

Forgot to put at the top of your list "become a WE".

You start writing like an "I", but were really a "WE".
... you also hid in the small print that you did it in 1997.

In 1997 I was earning £17,500
That same firm still has that job advertised, I checked, they are paying £17,500.

Wages haven't increased, house prices have.

So they were paying 2.5 x nmw in 97 but are now paying barely over nmw
I find that hard to believe.

lisyloo

gt568 wrote: »

what you forget is most people aren't doing the exact same job they were in 1997. They moved up the career ladders and are earning more.

Depends whether you have a career or a job.
Lots of people - bus drivers, checkout operators, waiters, fishermen, farmers etc. Don’t have a career path.
I don’t have any facts but I’d guess more people don’t have a career path than do.

lisyloo

PasturesNew wrote: »

Forgot to put at the top of your list "become a WE".

You start writing like an "I", but were really a "WE".
... you also hid in the small print that you did it in 1997.

In 1997 I was earning £17,500
That same firm still has that job advertised, I checked, they are paying £17,500.

Wages haven't increased, house prices have.

Salaries have gone up
https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/kgq2/qna

Your anecdote does sound unusual.
I’d be looking at changing job/career from that business, but it’s certainly not the general case if it’s remebered correctly.

snowqueen555

lisyloo wrote: »

Salaries have gone up
https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/kgq2/qna

Your anecdote does sound unusual.
I’d be looking at changing job/career from that business, but it’s certainly not the general case if it’s remebered correctly.

You have to remember a lot of people are stuck on the bottom rung of the ladder, millions of minimum wage workers so their wages will not have risen a lot.

Take myself for example. 2009 I was earning £13.5k, and 9 years later I was earning £17.5k. Not crazy growth, moreorless in line with inflation. A lot of people like myself just did overtime nonstop. So including overtime my take home gross will have been £20-25k.

lisyloo

snowqueen555 wrote: »

You have to remember a lot of people are stuck on the bottom rung of the ladder, millions of minimum wage workers so their wages will not have risen a lot.

Take myself for example. 2009 I was earning £13.5k, and 9 years later I was earning £17.5k. Not crazy growth, moreorless in line with inflation. A lot of people like myself just did overtime nonstop. So including overtime my take home gross will have been £20-25k.

My comment was about a specific anecdote of no pay rise for 22 years. Your anecdote reinforces my point that wages have risen at least nominally in line with inflation.
I don’t expect everyone to be able to buy a house, traditionally the bottom 30% never have. You’ll be glad to hear that minimum wage is going up. That’s good unless of course it results in fewer jobs.

This thread was to help those who could buy with some sacrifice/help.
There isn’t an easy answer for those who can’t afford to buy at all.