Then I guess they dont do it just for tax credits and child benefits then.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
How on earth are you not perma banned you plank.
I don’t know what that doesn’t add up.
The median means the middle, that means half of people earn less but more importantly, half of people earn more…
It’s very conceivable for two people earning 40k to afford a home like that, particularly if it’s their second or third purchase and they have been in the ‘ladder’ for a few years.
Probably a lot of them are on finance and they'll end up on some silly PCP deal where they still have to pay 30-40K to own the car at the end of the term, or re-arrange the finance onto another vehicle, etc.
Soldato
Of course but if they don't build suitable properties, no one can buy them.
A few developments near me are all 4 and 5 bed detached between 1600-2600 sqft.... No need for developments to solely have houses this size and cost (around £450k+). They should have 1 and 2 bed houses (not flats) with gardens mixed in.
Have all the singletons/child free households just to move miles away from the area and buy ex council cottage flats etc?
Soldato
London
Housing market is doing some silly thing around here lately where the bottom of the market is increasingly being pushed upwards but the middle of the market pushed downwards to meet it, while the top end is as crazy as ever.
So a fairly big range of houses which come in at around that 350K point, while people at the bottom end of the income ladder are struggling just to afford a basic place while if you have a couple on ~32K each the opportunities are opening up.
EDIT: Not bad if you have a reasonable income and more than one person currently as a lot of properties which were more in the 500K range in recent years are now in the more 350K ish range.
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Soldato
Those days have passed there is a limit of two children. And to be honest we should be paying people to have children the west is on the precipice of a population collapse.
Fertility rate: 'Jaw-dropping' global crash in children being born
Nearly every country will see their populations fall as the world has fewer babies.
www.google.com
How serious is our declining population growth problem? - Marketplace
The implications of a shrinking population on our economic growth are potentially big, but Marketplace senior economic contributor Chris Farrell thinks there's some solutions to tap.
www.marketplace.org
Says who?
#legoboydoubleposts
Such a nurturing nature are you going throw them out at 18, tough love?Sod em I say.My kids will get no inheritance from me just as I will get no inheritance from my parents. They can make their own way in life as many have done before them.
Permabanned
W
Some might even say we have too many people.
Soldato
Probably getting it all on finance. It'll catch up eventually.
Permabanned
No but they can do as millions of others have done. Finish school, get a job or go to college. Meet a bird, get a house and pump out some kids. The circle of life.
I’ll help my kids where I can but I never had a silver spoon so neither will they.
You'd be looking more of a joint income around £80k for a £350k property, unless you have a big deposit / equity to bring over.
I know it varies around the country but I found it surprising the difference in quality of houses available when you go from the <£300k market to prices around £350k. The next big jump in quality seems to be >£450k but £350k brings up some real gems.
And those people would be incapable of doing math correctly or looking more than 20 years into the future.
They are wrong.
It's the same round here I'm content with an old car (it's reliable and 8 years old vauxhall) I see no end of people driving high end new cars and I some of them barely look old enough to drive..
Each to their own but what a waste of money on a status symbol as that is all it is.