the housing shortage.

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anything I don't mind said:
£200 a month on food? that is less than £50 a week. You must eat like a peasant.

mine is

£1200 rent and bills
£240 train
£300 debts
£600+- for food and drink and savings. I usually end up with about £100-200 left and thats all being going in to cc.

But even then to save up £10k on £600 per month takes 16 months and there is no way you can afford a house on 40k with only £10k deposit. You need at least £80k deposit before you can afford a house for 250k on 40k salary.

That would be £80k deposit on 250k 25 year, monthly mortgage £679 - £1,043 at £600 per month £80k would take 11 years to save up.
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are you trolling? I spend 25-30 a week on food.
 
I earn a little short of that and on track to buy a 3 bed house for ~£250k - £300k within the next year (total time saving ~2 years). My current outgoings are about £1k a month. I will be within a 40 minute commute to London City.
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£600 savings a month
Bonus' go straight to the house fund. Well, all one of them that I have had during this time.
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£600 for 24 months = £14,400
plus two bonus ~£5k each. = ~£25k

10% of £250k = £25k. During 2 years.

Say the banks (like you said, woud only lend £180k) thats still £205k on a house. That would get me a meh 2 bed or an ok 1 bed house. Btw I a looking in Laindon.

It's doable.
 
£50 for a week seems fine. My household of 2 adults, 2 children spends around £100/week on supermarket stuff (food and cleaning product etc). Though I do spend a further £15/week on food at work for lunch.
 
balky12 said:
£600 for 24 months = £14,400
plus two bonus ~£5k each. = ~£25k

10% of £250k = £25k. During 2 years.

Say the banks (like you said, woud only lend £180k) thats still £205k on a house. That would get me a meh 2 bed or an ok 1 bed house. Btw I a looking in Laindon.

It's doable.
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ok two bonuses of £10k well that helps. For £205k you could get a mortgage for 25k deposit between £919 - £1,104 that would be doable. Lets see how much train costs and what you would get for the price.

Only 3 properties under £205 in laidon on rightmove?

http://www.rightmove.co.uk/property-for-sale/property-46745218.html

Plus £359.90 per month for train.

That would be £1200-1300 rent and bills
£359 train from laindon and you use a car so less..?
Left with £7-900 per month.

I guess its possible if i didn't have to spend £300 on debt but will still be very tight every month, unless i spent £50 per week on food/drink.
 
Me and my girlfriend average about £100/w for all food and toiletries quite easily. Thats eating very well, and that covers meals in the evenings and breakfast and lunch for both of us every day. We could easily get that down to £60 for the two of us if we had to.

As with most things in life, you make your choices and you take the consequences.
 
Whilst immigration is a contributory factor, it is not the only cause. As I see it, there are several reasons for the housing shortage. In no particular order:
  • The general population has increased. Caused by Immigration as well as modern medicine meaning people live longer, and people having too many children.
  • Lots of old people like to stay in their 4bed family house to the very end, with carers coming in etc. House would be freed up if they went into a Care Home or granny annexe in their grown-up children's house.
  • People are more split up than they used to be. Couples getting divorced and then living in two houses, rather than the whole family in one house. Also grown-up children choosing to move out of their parents home earlier than the traditional 'wait until you get married'.
  • Increased number of students at universities means an increased number of student-houses (HMO buy-to-let).
  • MPs / Rich People with their second homes and cottages down by the coast etc.


That said, I don't really agree that there is a housing shortage. Reading the property pages in the local newspaper shows there's loads of houses for sale. Indeed, a quick look on RightMove shows that there are 546 houses for sale within a 5 mile radius of my location.
 
£50 a week on food?

I spend £150-200 on alcohol per month alone. Food is probably about £300. Sure i could cut down on alchol and take away and have to cook every night and take a sandwich in save about £250 per month but i would still not be able to afford to buy a house for £1200 per month.

Even if i had £30k desposit i would realy be skeptical about buying a house at the current prices with the current offerings. When my current place runs out ill probably end up having to house share again or rent a one bed property for £1000 per month.

I could live above the food and wine place for £807, what a bargain

http://www.rightmove.co.uk/property-to-rent/property-33216261.html :d
 
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Hope you people with large bills have a backup plan if you loose your jobs. These outgoings I see on here is making my knees go weak. :(

Westyfield2 said:
That said, I don't really agree that there is a housing shortage. Reading the property pages in the local newspaper shows there's loads of houses for sale. Indeed, a quick look on RightMove shows that there are 546 houses for sale within a 5 mile radius of my location.
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There are 1000+ for sale in the radius of 5 miles from me.
 
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anything I don't mind said:
£25-30 per week? How is that possible?

Tell me what do you eat for that price? You must never drink alcohol and only buy food at cheap supermarkets?

I spent £40 at tesco just for a few days of food and some toiletries.
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I suppose if you buy the big bags if rice or pasta etc that would go into one weeks bill but you'd end up using the bag for the next month or two
 
amigafan2003 said:
£300 a month and you're single? I don't even spend that for a family of 5 (approx £70 a week).
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Is that including all your toiletries and cleaning products and so on, as well as the alcohol and sodas (if you drink them) Is that including lunch as well?

Plus as i am single i don't want to get home from work at 7pm and spend the next hour cooking every night. So end up going to chinese take away spending £6 on a meal there. Other night ill get fish and chips cost £6 and other night ill get some chicken from tesco and some frozen chips and salad. Restock my mayo and nando sauce and its already up to £15.

£70 a week must be literally buying 30 frozen chickens off the back of a lorry and then storing them. Then using your £1 chickens to feed a family of 5?

I think if i cut alcohol and realy pushed i could cut food and drink down to about £8 per day excluding toiletries and cleaning stuff. That is still £240 a month.
 
anything I don't mind said:
Is that including all your toiletries and cleaning products and so on, as well as the alcohol and sodas (if you drink them) Is that including lunch as well?

Plus as i am single i don't want to get home from work at 7pm and spend the next hour cooking every night. So end up going to chinese take away spending £6 on a meal there. Other night ill get fish and chips cost £6 and other night ill get some chicken from tesco and some frozen chips and salad. Restock my mayo and nando sauce and its already up to £15.

£70 a week must be literally buying 30 frozen chickens off the back of a lorry and then storing them. Then using your £1 chickens to feed a family of 5?

I think if i cut alcohol and realy pushed i could cut food and drink down to about £8 per day excluding toiletries and cleaning stuff. That is still £240 a month.
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Mmm, sugar and fat.
 
anything I don't mind said:
Is that including all your toiletries and cleaning products and so on, as well as the alcohol and sodas (if you drink them) Is that including lunch as well?

Plus as i am single i don't want to get home from work at 7pm and spend the next hour cooking every night. So end up going to chinese take away spending £6 on a meal there. Other night ill get fish and chips cost £6 and other night ill get some chicken from tesco and some frozen chips and salad. Restock my mayo and nando sauce and its already up to £15.

£70 a week must be literally buying 30 frozen chickens off the back of a lorry and then storing them. Then using your £1 chickens to feed a family of 5?

I think if i cut alcohol and realy pushed i could cut food and drink down to about £8 per day excluding toiletries and cleaning stuff. That is still £240 a month.
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So because you are **** poor at budgeting and incapable of feeding yourself a good cheap nutritionally balanced meal, everybody else has to be :confused:

Sorry but your laziness is your problem not other peoples.
 
ubersonic said:
This ^^
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I bet you realy don't save that much money thinking you are cool eating beans on toast every night. You not healthy eating like a poor man i can tell you that much. You may die tomorrow and you look back and all you ate was peasant food, well done to you.

I am not lazy i just have better things to do with my time than cook every night. I do cook at times but not every night.

So what you save 200? 300 per month on food? big deal not going to buy you a house.
 
anything I don't mind said:
£70 a week must be literally buying 30 frozen chickens off the back of a lorry and then storing them. Then using your £1 chickens to feed a family of 5?

I think if i cut alcohol and realy pushed i could cut food and drink down to about £8 per day excluding toiletries and cleaning stuff. That is still £240 a month.
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I can make (for stocking the freezer) 5 family-sized fish pies for less than £30, which will just need frozen veg to make a meal. Similarly, 5 family lasagnas will cost about £15-£20, a big batch of chilli will work out at about £3-£4 per family meal. And plenty more similar stuff. Heck, I can feed the family a nice steak dinner for about a tenner.

You'd have to be absolutely minted AND have no regard for the health of your family to be feeding everyone takeaway all week.
 
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