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OP doesn't want to make sacrifices though, he doesn't think he should have to.
Housing crisis solutions
- Thread starter ChroniC
- Start date
OP doesn't want to make sacrifices though, he doesn't think he should have to.
I don't disagree it's harder today. But I'm glad all the sacrifices my wife and I made are so easily dismissed. We lived like monks/nuns for many years while working as much overtime as possible, not going on holiday, rarely going out, taking packed lunches to work and having old cars to save enough. Our quality of life was seriously degraded by our decision to buy. It still is.We even lived in the house through the first winter with no heating and some of the windows boarded up as we couldn't afford to fix them or put heating in.
How about rent controls instead of limiting the number of houses you can own? Many people in Europe never own and it's a renting culture.
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I do agree Kenai, it is tougher now than it was for our parents (and mine agree), but its largely irrelevant. The market is what it is. If you want to buy...
Seriously?? I'm not asking to not make sacrifices, I'm just asking that they are relative to mine and the average ability... Not over inflated due to a particularly lucky amount who can inflate the prices.. Is that to much to ask
I am paying to live and sacrificing a life to save to buy. It's ridiculous. It's happening but at a ridiculous slow rate considering a few are causing this to be worse than it should be.
Acceptance like that is part of the problem. Should we not be challenging things like this as a population?
You say that as if people now aren't making those same sacrifices already but still not being in a decent position to buy anything. I'm not driving around in a 15 year old Golf because I'm penniless
The difference is though in a few years we will move into a bigger property in a better area.
You say that as if people now aren't making those same sacrifices already but still not being in a decent position to buy anything. I'm not driving around in a 15 year old Golf because I'm penniless
People are certainly making more sacrifices now. I was responding to the op thinking it was all a bed of roses for the previous generation.
if it was up to me i would get everyone who has been unemployed for 5+ years with social housing and move them out of London, your chosen example. if they aren't willing to work **** them. send them up north to those towns/cities that have whole streets of empty properties. it'll cost the government less keeping them up there.
5+ years should have been long enough to find a job, and they didn't buy the property they were given so they shouldn't be expected to keep them indefinitely. all they are doing is taking up needed housing which has helped force this bubble. and who gives a **** if they have friends and family, OP is expected to move miles away to buy something he can afford. so the leeches shouldn't even get a say.
the government needs to stop being so soft and get over all this PC BS. i am pretty sure that would free up a million or so homes.
so there you go, 1 solution.
The solution is simple but nobody wants it, tax buy to let so much that it's not a viable business and or put a cap on the amount of residential properties anyones allowed to own or have mortgages on.Also a lot of middle class whingers complain they cant afford a house yet are wearing designer clothes and driving around in the latest cars and are not willing to sacrifice lifestyle.
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Having watched that generation as I grew up, I can assure you it was.
Well what are we going to do about it? You can't go around taking things that people have earned. You can't force companies to build things that won't make any money, should the government be obliged to house absolutely everybody?
I'm still curious as to where ~£1k of the OP's household income is going? Reasonable figures; £900 rent, £400 food, £500 bills, £200 each on travel costs = ~£2k. Where's the rest? (Yeah it's not my business, but it seems a lot of money which could be put towards saving a deposit) Is this another classic case of wanting something but not being willing to make sacrifices for it?
Of course it is, I am doing what I feel is necessary to get in a position to buy but it's laughable seeing those who had it comparatively easy making condescending comments about sacrifice as if people like me are driving round in brand new cars and shopping exclusively at waitrose, living the life of Riley whilst refusing to save. We're making sacrifices too but unless we fancy abandoning jobs, friends and families, we'll struggle to manage what our parents generation did.
What can me and my family do about it ? I want my kids to grow up in a nice house in a nice area so im making the relevant sacrifices now so that happens.
Associate
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Unfortunately property prices are what they are, you just need to find a way around it. Saving for a deposit is the first step even if it takes years to get there. Take a long hard look at your finances and see where savings can be made to help build up your savings quicker, the help to buy IAS is a good option for free money so you and your partner should think about getting one each. There is no easy way, just knuckle down and do the best you can, £50k joint income is a good place to be.
Laws can be enacted. You can force companies to build things that won't make any money. They do already. So Mr Housing developer, you want to make 50% mark up on those? Tough. You're restricted to 5%.
And actually, I think you'll find you can go and take what people have earned. France did it. Venezuela did it fairly recently (granted, they're a crap hole now).
I agree completely, but I don't know if that would solve the problem or just put it on hold for a while? You're always going to get cases where more people want to buy in an area than there are houses for sale