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  • FIRST POST
    • re14796
    • By re14796 19th Mar 17, 8:22 PM
    • 63Posts
    • 8Thanks
    re14796
    What are the chances of you owning your own house
    • #1
    • 19th Mar 17, 8:22 PM
    What are the chances of you owning your own house 19th Mar 17 at 8:22 PM
    The chances of me owning my own houses are quite low, a two bedroom flat is around 230,000 and will go up because of hs3. Why don't the government do more to make housing affordable? i know they are out of touch but surely they can see the problems normal people are facing. The north properties will rise because of the high speed rail links to london.
Page 1
    • ellie27
    • By ellie27 19th Mar 17, 8:27 PM
    • 1,067 Posts
    • 719 Thanks
    ellie27
    • #2
    • 19th Mar 17, 8:27 PM
    • #2
    • 19th Mar 17, 8:27 PM
    I guess you mean being mortgage free?
    • Cakeguts
    • By Cakeguts 19th Mar 17, 8:34 PM
    • 4,366 Posts
    • 6,249 Thanks
    Cakeguts
    • #3
    • 19th Mar 17, 8:34 PM
    • #3
    • 19th Mar 17, 8:34 PM
    Where on earth do you live on the route for hs3 where a two bed flat costs £230k? That must be one of the most expensive parts of the route.
    • Rambosmum
    • By Rambosmum 19th Mar 17, 8:38 PM
    • 1,679 Posts
    • 2,204 Thanks
    Rambosmum
    • #4
    • 19th Mar 17, 8:38 PM
    • #4
    • 19th Mar 17, 8:38 PM
    We already own ours, with a mortgage. Bought when we were 26. Fortunate enough to have family support with 10k towards the deposit and we saved, saved, saved.
    • glasgowdan
    • By glasgowdan 19th Mar 17, 9:21 PM
    • 2,885 Posts
    • 3,234 Thanks
    glasgowdan
    • #5
    • 19th Mar 17, 9:21 PM
    • #5
    • 19th Mar 17, 9:21 PM
    We're a normal couple on fairly normal incomes, we owned our last house and we'll own our new one quite soon. So, quite good, to answer the question.

    It's about being sensible and patient.
    • jimbog
    • By jimbog 19th Mar 17, 9:23 PM
    • 683 Posts
    • 1,108 Thanks
    jimbog
    • #6
    • 19th Mar 17, 9:23 PM
    • #6
    • 19th Mar 17, 9:23 PM
    You're looking in the wrong places. There's may two bed-roomed properties in the country for a lot less than 230K.
    The problem with quotations on the internet is that you can never verify their authenticity - Abraham Lincoln
    • coffeehound
    • By coffeehound 19th Mar 17, 9:32 PM
    • 1,382 Posts
    • 2,227 Thanks
    coffeehound
    • #7
    • 19th Mar 17, 9:32 PM
    • #7
    • 19th Mar 17, 9:32 PM
    Only about 20 years left until retirement now so probably slim to nil.
    • Norman Castle
    • By Norman Castle 19th Mar 17, 10:32 PM
    • 6,963 Posts
    • 5,729 Thanks
    Norman Castle
    • #8
    • 19th Mar 17, 10:32 PM
    • #8
    • 19th Mar 17, 10:32 PM
    Why don't the government do more to make housing affordable?
    Originally posted by re14796
    They have. They've reduced the cost of many houses by adding a nearby high speed rail line. Its a win win situation. Buy one of those. Bargain.
    Don't harass a hippie. You'll get bad karma.

    Never trust a newbie with a rtb tale.
    • Cakeguts
    • By Cakeguts 20th Mar 17, 12:24 AM
    • 4,366 Posts
    • 6,249 Thanks
    Cakeguts
    • #9
    • 20th Mar 17, 12:24 AM
    • #9
    • 20th Mar 17, 12:24 AM
    No government is going to make it possible for people to buy in the most expensive area that they want. You have to buy where you can afford something everyone has to do that. If you can't afford to buy in one area you look for one where you can afford to buy. There are areas in the north where you can buy a house for less than £100k you have to look for a property in one of those areas.
    • MERFE
    • By MERFE 20th Mar 17, 7:22 AM
    • 1,876 Posts
    • 5,901 Thanks
    MERFE
    Quite possible in the next 3-4 years on a single wage, sooner if I get f/t work before then. However if we had remained in the South East I don't think it would have ever happened.
    • cjdavies
    • By cjdavies 20th Mar 17, 7:33 AM
    • 3,302 Posts
    • 3,537 Thanks
    cjdavies
    Me, low income , cheap house, saved and saved - on my own.
    • Whoknowskt89
    • By Whoknowskt89 20th Mar 17, 7:42 AM
    • 262 Posts
    • 623 Thanks
    Whoknowskt89
    It's always possible if you work hard to save money and work on having good credit and maybe lower expectations or change areas. Second jobs for more income or trying to work your way up the levels in a company etc. I've never gone on holiday and saved instead.
    I'm 27 and I have a mortgage on a 1 bedroom flat in the East of England (1 hour commute to central London)
    I have been here for just over 2 years and none of the help to buy isa etc existed.
    My problem is, unless I meet someone and buy with them I'm priced out of buying a house here (pretty much priced out of all but 2 areas in a huge county) so I'm looking at relocating to the east Midlands in about 3 to 5 years as then I can get a lovely house with garden and parking.
    August 2017 £9510/£11,150 savings aim for EF and moving (by Jan 2018)
    Mortgage £67 483 Emergency fund £1500 Moving fund £8010 Treats account £648 Doing up flat £1050
    Christmas 2017 £120/£160
    • Davesnave
    • By Davesnave 20th Mar 17, 8:18 AM
    • 25,059 Posts
    • 92,622 Thanks
    Davesnave
    If my property was in Winchester, St Albans or The New Forest, I wouldn't finish paying for it till I was about 150 years old.

    But it is where it is, and I own it.
    'It's a terrible thing to wait until you're ready…..Generally speaking, now is as good a time as any.' Hugh Lawrie.
    • artyclarty
    • By artyclarty 20th Mar 17, 8:24 AM
    • 144 Posts
    • 113 Thanks
    artyclarty
    Bought our house outright at 26, we don't earn a lot but scrimp and save well. House still needs work, but we are saving around 50% of our income for contingency/renovation.

    And as someone who lives in the north, HS3 has absolutely no bearing on house prices up here as it terminates about 100 miles south of us!
    • AdrianC
    • By AdrianC 20th Mar 17, 8:28 AM
    • 17,395 Posts
    • 15,759 Thanks
    AdrianC
    I assume all the references to HS3 should actually be to HS2...
    • Davesnave
    • By Davesnave 20th Mar 17, 8:43 AM
    • 25,059 Posts
    • 92,622 Thanks
    Davesnave
    I assume all the references to HS3 should actually be to HS2...
    Originally posted by AdrianC
    Or even BS2, for all the difference it will make to many people and their localities.
    'It's a terrible thing to wait until you're ready…..Generally speaking, now is as good a time as any.' Hugh Lawrie.
    • PasturesNew
    • By PasturesNew 20th Mar 17, 8:51 AM
    • 62,497 Posts
    • 366,104 Thanks
    PasturesNew
    You have to play with the hand you've been dealt, not wish you had the hand others have been dealt.

    "Marry well" seems to be the route for most/many.
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