How can people be so greedy?

neas

Nicifer_noonoo wrote: »

I'm managing just great now my student loans are sorted I've got a baby on the way too, and even that is working out fine financially (finally) haha. My mortgage isn't interest only, it's fixed rate for two years. At the end of that, I'll just go back to the broker

Amazing! how the hell did you manage that? Or are you winding me up?

Your OH has higher paid job or something? cause i thought you needed 3.5x your salary or something to get a mortgage and if you have a child and are a student how can you work too? do you work part time or something?

Im interested!

aztec21

Benefits_Blagger wrote: »

however one thing that should stay the same in relation to income is housing and it clearly hasnt, hence this thread.

Why should housing stay the same in relation to income?

There is only so much land that can be built on and the population is ever increasing.

carolt

Benefits Blagger, as someone who has already explained that you have chosen to sponge off all UK taxpayers, fraudulently, I find it hard to have any respect for your views on other people doing so, however valid they might sound coming from someone else's mouth.

You have chosen to do something you regard as morally reprehensible in other people. Maybe you should spend some time away far away from this thread, thinking deeply about how you can justify that to yourself.

In the meantime, don't expect your views to be acknowledged as serious.

chrisandanne

This is all very interesting but I don't know what makes the op think my generation (born 1951) had it so easy....when we got married the house cost four times our joint yearly income..in that case the op would pay £148K, our house was 'in need of some refurbishment' which we had no money to do, so no fitted kitchen or fancy bathroom not even new carpets we managed with what the previous owners left down, to afford the mortgage we scrimped, I used to write menus for the week and only buy what I needed, we had no social life which cost anything and hardly any new clothes for years. O.K so it's hard, it's always been hard, nobody made out for us and nobody will make out for this generation.......and it's not only the young who experience housing hardship, when marriages break down you have to start all over again, the equity is split and you have to try to get into a rising market with half of it and only one income....home ownership is not the be all and end all. There should be better laws for renters as there is in Europe where many rent.

neas

chrisandanne wrote: »

This is all very interesting but I don't know what makes the op think my generation (born 1951) had it so easy....when we got married the house cost four times our joint yearly income..in that case the op would pay £148K, our house was 'in need of some refurbishment' which we had no money to do, so no fitted kitchen or fancy bathroom not even new carpets we managed with what the previous owners left down, to afford the mortgage we scrimped, I used to write menus for the week and only buy what I needed, we had no social life which cost anything and hardly any new clothes for years. O.K so it's hard, it's always been hard, nobody made out for us and nobody will make out for this generation.......and it's not only the young who experience housing hardship, when marriages break down you have to start all over again, the equity is split and you have to try to get into a rising market with half of it and only one income....home ownership is not the be all and end all. There should be better laws for renters as there is in Europe where many rent.

Its difficult to compare without knowing what type of jobs you were working. I mean a couple earning 20k combined income today (minimum wage region) would be a house worth 80k, they dont exist at the moment even flats are more than this.

What im trying to say my salary isnt too bad so im not entirely worse off as those tesco workers who have nothing else to look forward to than minimum wage and living at home with the parents.

It was more of a philosophical question to raise a debate... some of the same BTLers are complaining that their sons/daughters cant get on the market.. yet at the same instant hold portfolios of more than 5 properties etc.

Lavendyr

neas wrote: »

Its difficult to compare without knowing what type of jobs you were working.

And what size the house was - was it a one-bed flat? If so it's in the region of comparability. If it was anything bigger, then it's really not.

aztec21

neas wrote: »

Its difficult to compare without knowing what type of jobs you were working. I mean a couple earning 20k combined income today (minimum wage region) would be a house worth 80k, they dont exist at the moment even flats are more than this.

What im trying to say my salary isnt too bad so im not entirely worse off as those tesco workers who have nothing else to look forward to than minimum wage and living at home with the parents.

It was more of a philosophical question to raise a debate... some of the same BTLers are complaining that their sons/daughters cant get on the market.. yet at the same instant hold portfolios of more than 5 properties etc.

There are lots of cheap houses around in the region of 80k it is just that they aren't in very nice areas.

neas

aztec21 wrote: »

There are lots of cheap houses around in the region of 80k it is just that they aren't in very nice areas.

The 2 bedroom ones in my area for 120k are in the dockyard areas... where you go if you want prostitutes or to be mugged/stabbed. The cheapest 2 bedroom in my area was used as a basis for my 'rant'... if i wantes a good one i'd have to pay 160k or so ... and 190k for a 3 bedroom.

blue_monkey_2

I think more than anything, what people want is security. Security that should they have a family they can pay the bills and keep a roof over their families heads.

When I was a kid mums did not work. Those that did were the 'latch key kids' that had a key to get in after school - and their parents were wealthy and the kids had everything. Generally Mums would be at home doing the washing, getting dinner ready, cleaning the house, having tea in the afternoons with their friends, this just does not happen now. The mums are all at work - not because they want to but because they have to because the mortgage has to be paid. If I had £1 for each time my friend said 'I wish I could leave my job' I would be laughing!! Kids are being bought up in nurseries and by grandparents - or people are just not having families. I am 36 and I am the only 'child' in our family that has children. They only have one set of cousins and that is on my husbands side - and there are 6 sets of aunts and uncles!! Most of them have houses but no kids, or neither as they cannot afford either. When I was a kid I had loads of cousins, everyone had somewhere to live, if you could not afford it then you had a council house, there was nothing to worry about. It was just the way it was I guess and people are used to feeling secure, people want security and feel that if they had a family then the mum (or dad of course) can stay at home with the children and look after them. I have to wonder why some people have children. Seriously, they wake them to get them dressed and drop them off and then pick them up and take them home to bed. Why? Why have children and not want to look after them at all? Is there a choice these days? I think there is. The point is that people cannot have kids as easily when they are in their 40's, they can buy a house in their 40's when the kids are grown up but people don't do things this way around.

Are there going to be enough 'kids' that will mean the next generation pays tax & NI in 30 years time?

We are about to lose our long term let of 10 years. My mother is selling the house we rent from her (a different set of questions, who knows, she won't say) but this leaves us in a situation of having nowhere to live. That's right, nowhere. We have debts that came about when my husband lost his job through Industrial Asthma and he took a job with substially less pay rather then be on JSA, but this means we can't pass the landlord checks as we hve defaults (and yes, we've tried more than one agent), the rents are too high for us to be able to rent anywhere (even on a 'cheap' rent of £750 they told us he did not earn enough each month). Apparently, despite being on the council housing list and having very high points (we are at the top of the list unless someone comes on that has more than us, and is there for more derserving in my opinion anyway) and still nothing has become available for us. In 2 weeks time we go to court to get our eviction date. Then we will be considered homeless and we'll get a place in a hostel apparently - but that won't be until the bailiff is a few days from our door.

We are not kids, my husband is 38, I am 36 and a whole range of events leave us where we are now, family, illness, trying to do what is right at that time for everyone else. Sure we could have changed things back then, I am not saying that but you do what you think is right at that time, but this is where we are now.

I've just had to close my business, the business I have spent 4 years building up and was only just starting to earn money as I have done this to work around the children, as we've not known whether we are coming or going from one week to the next and you can't take money from customers and not be there to follow a service through. So now, once we are eventually settled I have to start all over again. My husband has no set pattern for shifts and overtime (which he has to work if it is offered) so I can't do an evening job and he cannot have a 2nd job as this one has to come first. I am my son's carer and he has always been 'difficult' but he has recently been diagnosed with with being on the Autistic Spectrum and having severe behaviour problems so the only other person able to look after him is my husband for a number of reasons really.

So what do we do. I would dearly love to be able to buy somewhere so we had security for the children, something to leave them in the future, we currently have nothing but even if we had a substantial deposit we could not get a mortgage. Who to blame though? My parents were pretty much crap - seeing abuse leads to being abused and I did not have a good start. I feel ashamed for that because if I had recieved better guidance and support I might not be in this position now with nothing to offer my children when we go. However, I made the choice to have my children - at the time having somewhere to live was not an issue as we were 'secure' and was lead we would be for another 10 years from now, but situations change.

And this leads us to where we are now. Am I asking for help? Yes, I am, in the same way if I was sick I would ask for SSP or if I was made redundant JSA until I was able to get another job - what is the difference in asking for help with having somewhere to live? But we need somewhere to live and there is nowhere for us from the council. If we had been on benefits, been in prison or been a junkie or alcoholic we would be seen as a priority but working taxpayers come bottom of the list it seems and are not seen as needing the help. Apparently they help people with mental health problems/illnesses but they have nt seen my son's AS as something needing help with. We don't go out places, we have one holiday a year (cheap of course!) but this gets me out of the house as because of my son's conditions days out and going places are rare for us. We don't drink, nor smoke, nor buy flashy clothes or own a flash car. We are just 'working class people'.

I just wanted to explain the situation how it is from what is happening to us right now. I have thought of buying a caravan on a site but even they are too expensive, I think there was a chance of buying 7 years ago and if you missed it then that is it for now. The average 3 bedroom family home around here is £250+, 2 bedrooms not much less £235+. It is easy to say move, relocate somewhere cheaper, but if you already have a family to feed then you cannot do this because it means walking away from a job leaving you with no income to feed that family.

The point is that anyone could be in this situation because you never know what is round the corner in the future, I fear for the future and for that of my children, sure prices of houses will drop but if BTL have bought these houses at current rates then the rents will not drop so where will people live?

Most people just want security and to be able to have a family and know they are bringing them up and renting does not give them that, buying does but means you have to sacrifice the family and so this is why everyone *wants* it so badly.

Benefits_Blagger

aztec21 wrote: »

Why should housing stay the same in relation to income?

There is only so much land that can be built on and the population is ever increasing.

so people should go homeless ? so aslong as you have your own home, sod the rest of us ?