On the market since September.. ideas why?

RelievedSheff

Sarah1Mitty2 said:

RelievedSheff said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Smalltownhypocrite said:

CSI_Yorkshire said:

Smalltownhypocrite said:

Money most likely.

Its a nice house but put it this way I'm the first among my friends to be in a position to buy and my budget is £110k, most DH friend (who are in more 'professional' roles than my friends) who own houses paid around £100k or less. We are aged 35-45. We are local to this area too by the way.

I just don't think much of our generation could come close to affording that no matter how nice the houses are.

I think much of the 35-45 age group can afford a house more than £100k.

Not up here in the 'poverty' stricken north east... There's is a reason this is the cheapest place in the county to buy houses and yet where half the population at this age rent instead of owning.

It must be mind blowing to realize 'poor' people actually exist and not everyone is privileged.

If half rent, that's still half that own.

50% can certainly be described as much.

If such a large proportion of that age in that area can afford it, that suggests it's not a problem with either the age or the area 

What proportion of home ownership should we be aiming for?

It`s not "half" that own outright though is it, you are also including people with mortgages?

True, but irrelevant for this discussion.

Not irrelevant as many can no longer afford their mortgage.

Any evidence of that?

Any evidence to disprove it? Are you saying the people on the news etc. are not telling the truth?

People going on the news and saying that they can afford their mortgage doesn't make for a great story does it?

Grizebeck

RelievedSheff said:

Sarah1Mitty2 said:

RelievedSheff said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Smalltownhypocrite said:

CSI_Yorkshire said:

Smalltownhypocrite said:

Money most likely.

Its a nice house but put it this way I'm the first among my friends to be in a position to buy and my budget is £110k, most DH friend (who are in more 'professional' roles than my friends) who own houses paid around £100k or less. We are aged 35-45. We are local to this area too by the way.

I just don't think much of our generation could come close to affording that no matter how nice the houses are.

I think much of the 35-45 age group can afford a house more than £100k.

Not up here in the 'poverty' stricken north east... There's is a reason this is the cheapest place in the county to buy houses and yet where half the population at this age rent instead of owning.

It must be mind blowing to realize 'poor' people actually exist and not everyone is privileged.

If half rent, that's still half that own.

50% can certainly be described as much.

If such a large proportion of that age in that area can afford it, that suggests it's not a problem with either the age or the area 

What proportion of home ownership should we be aiming for?

It`s not "half" that own outright though is it, you are also including people with mortgages?

True, but irrelevant for this discussion.

Not irrelevant as many can no longer afford their mortgage.

Any evidence of that?

Any evidence to disprove it? Are you saying the people on the news etc. are not telling the truth?

People going on the news and saying that they can afford their mortgage doesn't make for a great story does it?

its always the case, you dont get that on the news because it goes against the grain or the story
anyway we are not buying the house and its still on at 400k
Fools

MeteredOut

Sarah1Mitty2 said:

RelievedSheff said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Smalltownhypocrite said:

CSI_Yorkshire said:

Smalltownhypocrite said:

Money most likely.

Its a nice house but put it this way I'm the first among my friends to be in a position to buy and my budget is £110k, most DH friend (who are in more 'professional' roles than my friends) who own houses paid around £100k or less. We are aged 35-45. We are local to this area too by the way.

I just don't think much of our generation could come close to affording that no matter how nice the houses are.

I think much of the 35-45 age group can afford a house more than £100k.

Not up here in the 'poverty' stricken north east... There's is a reason this is the cheapest place in the county to buy houses and yet where half the population at this age rent instead of owning.

It must be mind blowing to realize 'poor' people actually exist and not everyone is privileged.

If half rent, that's still half that own.

50% can certainly be described as much.

If such a large proportion of that age in that area can afford it, that suggests it's not a problem with either the age or the area 

What proportion of home ownership should we be aiming for?

It`s not "half" that own outright though is it, you are also including people with mortgages?

True, but irrelevant for this discussion.

Not irrelevant as many can no longer afford their mortgage.

Any evidence of that?

Any evidence to disprove it? Are you saying the people on the news etc. are not telling the truth?

"Prove that unicorns don't exist"

Martico

Latest arrears data: knock yourselves out

CSI_Yorkshire

Martico said:

Latest arrears data: knock yourselves out

Thanks.

"Mortgages in arrears accounted for 0.93 per cent of all homeowner mortgages outstanding, and 0.44 per cent of all buy-to-let mortgages outstanding in the second quarter"

"610 homeowner mortgaged properties were taken into possession in the second quarter of 2023, 19 per cent fewer than in the previous quarter."

Apocalyptic.

Gavin83

Sarah1Mitty2 said:

RelievedSheff said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Smalltownhypocrite said:

CSI_Yorkshire said:

Smalltownhypocrite said:

Money most likely.

Its a nice house but put it this way I'm the first among my friends to be in a position to buy and my budget is £110k, most DH friend (who are in more 'professional' roles than my friends) who own houses paid around £100k or less. We are aged 35-45. We are local to this area too by the way.

I just don't think much of our generation could come close to affording that no matter how nice the houses are.

I think much of the 35-45 age group can afford a house more than £100k.

Not up here in the 'poverty' stricken north east... There's is a reason this is the cheapest place in the county to buy houses and yet where half the population at this age rent instead of owning.

It must be mind blowing to realize 'poor' people actually exist and not everyone is privileged.

If half rent, that's still half that own.

50% can certainly be described as much.

If such a large proportion of that age in that area can afford it, that suggests it's not a problem with either the age or the area 

What proportion of home ownership should we be aiming for?

It`s not "half" that own outright though is it, you are also including people with mortgages?

True, but irrelevant for this discussion.

Not irrelevant as many can no longer afford their mortgage.

Any evidence of that?

Any evidence to disprove it? Are you saying the people on the news etc. are not telling the truth?

We’ve just renewed our mortgage and can still afford it. Is that sufficient evidence?

BobT36

Murphybear said:

I have followed this thread with interest.  I’m not familiar with the area (being a southerner) but the views are amazing. I had a look in my part of the world (semi rural Dorset) and a 5 bed house with views could easily go for £800k - £1 million 

Is that for a s***, old, failing to bits, wonky terrace with space issues & designed/built without electric & everything in mind, though? (Washer in the bog room, etc). 

Also you're comparing one of the most expensive areas to live in the country (outside of London), south / near Bournemouth, against (supposedly) one of the cheapest, north east / near Newcastle...
View or no view, you can get a larger / modern (purpose built) 5 bed detached for £400k up in the Durham / Newcastle surrounding area. how is a cronky old terrace worth that? It's only even a 5 bed cause they've built into the attic! 

Grizebeck

BobT36 said:

Murphybear said:

I have followed this thread with interest.  I’m not familiar with the area (being a southerner) but the views are amazing. I had a look in my part of the world (semi rural Dorset) and a 5 bed house with views could easily go for £800k - £1 million 

Is that for a s***, old, failing to bits, wonky terrace with space issues & designed/built without electric & everything in mind, though? (Washer in the bog room, etc). 

Also you're comparing one of the most expensive areas to live in the country (outside of London), south / near Bournemouth, against (supposedly) one of the cheapest, north east / near Newcastle...
View or no view, you can get a larger / modern (purpose built) 5 bed detached for £400k up in the Durham / Newcastle surrounding area. how is a cronky old terrace worth that? It's only even a 5 bed cause they've built into the attic! 

It isn't
The bedrooms are small to looking back at it to the garden is very unusable and lots of gabion walls to retain the banks

Scotbot

Sarah1Mitty2 said:

RelievedSheff said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Sarah1Mitty2 said:

CSI_Yorkshire said:

Smalltownhypocrite said:

CSI_Yorkshire said:

Smalltownhypocrite said:

Money most likely.

Its a nice house but put it this way I'm the first among my friends to be in a position to buy and my budget is £110k, most DH friend (who are in more 'professional' roles than my friends) who own houses paid around £100k or less. We are aged 35-45. We are local to this area too by the way.

I just don't think much of our generation could come close to affording that no matter how nice the houses are.

I think much of the 35-45 age group can afford a house more than £100k.

Not up here in the 'poverty' stricken north east... There's is a reason this is the cheapest place in the county to buy houses and yet where half the population at this age rent instead of owning.

It must be mind blowing to realize 'poor' people actually exist and not everyone is privileged.

If half rent, that's still half that own.

50% can certainly be described as much.

If such a large proportion of that age in that area can afford it, that suggests it's not a problem with either the age or the area 

What proportion of home ownership should we be aiming for?

It`s not "half" that own outright though is it, you are also including people with mortgages?

True, but irrelevant for this discussion.

Not irrelevant as many can no longer afford their mortgage.

Any evidence of that?

Any evidence to disprove it? Are you saying the people on the news etc. are not telling the truth?

I actually laughed out loud at that comment! Spoiler alert the media misrepresent data on a daily basis

includemeout

BobT36 said:

Murphybear said:

I have followed this thread with interest.  I’m not familiar with the area (being a southerner) but the views are amazing. I had a look in my part of the world (semi rural Dorset) and a 5 bed house with views could easily go for £800k - £1 million 

Is that for a s***, old, failing to bits, wonky terrace with space issues & designed/built without electric & everything in mind, though? (Washer in the bog room, etc). 

Also you're comparing one of the most expensive areas to live in the country (outside of London), south / near Bournemouth, against (supposedly) one of the cheapest, north east / near Newcastle...
View or no view, you can get a larger / modern (purpose built) 5 bed detached for £400k up in the Durham / Newcastle surrounding area. how is a cronky old terrace worth that? It's only even a 5 bed cause they've built into the attic! 

The idea that a 5 bed house isn't a 5 bed house because some of the rooms are part of a loft conversion is a new one.

Washer in the downstairs toilet/utility room as well, total nightmare that. Much better in the kitchen instead of the dishwasher or extra cupboard space.