Getting on the ladder

megsykins

meanmachine wrote:

£100K for a tiny one bed flat.

Depends where you are, where I'm currently living in the midlands, £100k will still get you a 3-bed semi. As much as I love this site, I do find that it's a bit SE/London-skewed - the rest of the country seems forgotten sometimes!!

GreenB wrote:

The traditional "family" is dead.

A bit of a generalisation! Yes there's more single people living on their own for longer, but my personal experience within my friendship groups suggests that most people are still planning to have settled down and be married / living with a partner by their mid/late twenties, and although we all have degrees, we are prepared to put careers into second place to have families. The whole "'Friends'/'Bridget Jones'-single-urban-thirty-something'" lifestyle doesn't appeal at all.

keithmdw

We are in the North and prices are very high. £100k is low in the city for a 1-bed appartment. It's just ridiculous. A house of pretty much any size in a vaguely decent area is £120k or more.

We are FTBs and are going to view a property at the weekend which is in an area which has a very bad reputation historically. They have spent millions revamping the area and it has improved dramatically - complete turnaround, however the reputation is still keeping prices low, so we may be able to snap up a 3-bed for £90k (even they have risen £30k in the last 2 to 3 years though).

We don't have to buy now I suppose, but we want to - we have found a property we like (from the outside at least as we haven't viewed yet) and in our affordable range. Yes it's a risk, possibly a big one, but so are most things.

Will the price of the property we are looking at rise more or fall in time? Who knows. I hope they will not fall if we decide to buy, and as the area is on the up with many more new builds going up then that may be the case.