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10 years ago.....
Comments
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By whatever conventional measure you choose to use, house price affordability is now at its worst.dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
But even 10 years ago on 3.5x salary for mortgage plus deposit and I was priced out of zone two, and on a good salary
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itsgototstop wrote: »But even 10 years ago on 3.5x salary for mortgage plus deposit and I was priced out of zone two, and on a good salary
But the point is, yes, it might have been difficult then but it is even more difficult (and sometimes impossible) now.dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
[STRIKE]
[/STRIKE]itsgototstop wrote: »House prices were still high compared to earnings, I'm just thinking back.
I bought as a FTB 10 years ago after being told not to by alot of people who said prices would tank again.
However I was desperate for my own home.
In last 10 years I have moved twice, brother has moved 8 times as he is renting and landlords keep wanting to either turf him out (has a dog) or sell.
Are we not losing the point of buying, its not a gamble, its a home if you can afford a few IR rises and are in it for the long term.
Plus affordability issue has been around for a long time, 10 years ago as a newly qualified prof ( 3 years on top of degree) I got a crummy flat but it was all I could afford in west london zone 2.
Im an estate agent please for the love of god start buying houses again I have only earnt ten quid in the last six months!!! and that was down a back alley with a man dressed as a cowboy
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Can I redirect you to DFW thread......0
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Ah Nelly the voice of reason.
dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
and in aother ten years time house prices will be higher than they currently are.0
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itsgototstop wrote: »But even 10 years ago on 3.5x salary for mortgage plus deposit and I was priced out of zone two, and on a good salary
Really? I'm in the South-East of Zone 2 (and you could throw a stone from my bedroom window and hit zone one) and ten years ago you could get a reasonable ex-council flat here for quite a bit under 100k. Indeed you could still get a 1-bed one for 100k in 2002.
Obviously West London Zone 2 hasn't been affordable in living memory.Hurrah, now I have more thankings than postings, cheers everyone!0 -
Yup and the same posters will be desperately trying to convince themselves and others that they won't be (meanwhile living in rented and !!!!!ing about their landlords,but rubbing their hands together with glee at the thought of property finally tanking so they can swoop in and pick up a bargain).
At least if you have a repayment mortgage the home you have will be yours or nearly.0
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