tbh I've not read the article, but I suspect these will be "first houses" and fairly small
FTB get up to 50 percent off the cost of special new build home
- Thread starter 413x
- Start date
This to be honest. You would have to be/have been incredibly poor with money to be on a household income like that and still not afford a reasonable house.
Whilst i do think housing is too expensive, i do think the issue is exacerbated by people who just like to blame the system for their own failings and money mismanagement.
There was a girl i used to work with on the same salary as me who always complained about it whilst i was quietly saving and got myself on the ladder...She was still moaning years later.
Also, the amount of very expensive cars parked outside the cheapest 2 bed terrace/semis on our estate is ridiculous. Brand new land rovers etc..Interestingly, on the whole, the people that have bought the bigger more expensive houses have more modest cars.... I think it is indicative of people simply being poor with money and wanting everything now without having to save or work for it.
i get the impression some people, even without massive salaries, expect to be able to have everything instantly, lavish expensive holidays, brand new luxury cars, brand new TV's appliances etc AND expect to be able to afford to buy and own a big house as well, and when they can't they just **** and moan about it.
Don't get me wrong, it is harder to get on the ladder than it probably should be, and it does it take a lot of willpower/doing without unless you are very wealthy. But then we cant all be entitled to our own home for little effort.
There was a girl i used to work with on the same salary as me who always complained about it whilst i was quietly saving and got myself on the ladder...She was still moaning years later.
Also, the amount of very expensive cars parked outside the cheapest 2 bed terrace/semis on our estate is ridiculous. Brand new land rovers etc..Interestingly, on the whole, the people that have bought the bigger more expensive houses have more modest cars.... I think it is indicative of people simply being poor with money and wanting everything now without having to save or work for it.
i get the impression some people, even without massive salaries, expect to be able to have everything instantly, lavish expensive holidays, brand new luxury cars, brand new TV's appliances etc AND expect to be able to afford to buy and own a big house as well, and when they can't they just **** and moan about it.
Don't get me wrong, it is harder to get on the ladder than it probably should be, and it does it take a lot of willpower/doing without unless you are very wealthy. But then we cant all be entitled to our own home for little effort.
Last edited:
I do think that is half the problem.
The other half is.... I dunno what you'd call it. But I work for a BTL mortgage lender and some of the guys literally own streets. House prices over the last 30 years depending on the area have made it so anyone with their foot in the door for any length of time, can easily afford to expand, the more you have, the easier it is to get more.
Easy for the rich to get richer and poor kept down in short.
And to those that say house prices are high because there is a shortage of houses, well build more houses and rich people just buy them as investments.
Some of the more prestigious developments are often purchased by rich overseas cash buyers because the UK house market is a safe bet over investing in whatever they have in their own countries. A lot of the time the property isn't even let, left vacant purely for the long term investment.
It's a ****** situation for the younger generation to buy into but..... Nothing is going to change.
It'll get worse also just look at the US, we are maybe 20 years behind them.
Oh i agree. I think the problem is a culmination of lots of issues, and what you have cited is certainly one of them too. There are definitely a lot of people who could have got on the ladder if they hadn't been so poor with their money though.
LOL, similar thing where my mum lives. She's in a cul-de-sac, mostly 3 bedroom houses, thought typically most of the driveways only have room for one car in front of the garage and most people use their garage for storage these days so there are plenty of cars parked on both sides of the road too.
The family with the problem kids (nothing too bad, just generally the most disruptive, playing in the road, in other people's front gardens etc..) live in a rental... they've lived there for a decade or so, still managed to have 3 cars, two of which are generally parked halfway up the pavement. It's not an expensive area, up north, housing is affordable there... they could have saved for a deposit easily by now.
Wonder how the kids are likely to turn out when they become adults relative to others living in similar sized houses, with access to the same schools etc..
Soldato
- Joined
- 21 Sep 2020
- Posts
- 4,444
This. I done some work for a landlord and this bloke had 2 brand spanking new cars and was moaning about how long it took for the LL to get me out and how it's ridiculous that he didn't it done straight away. I got chatting to him and to cut a long story short, he said basically said he doesn't want to buy a house because it means he'd have to pay for things that go wrong with it and he can just get up and go if he wants to even though he'd live there for 15 years.
This was a couple of years back, probably 5 or so, so he realistically could have paid the LL mortgage off.
I find that such a strange justification for not owning a house, considering the amount of money you put into your own pocket via a mortgage and will make in appreciation if you buy your own house will almost definitely far out way some interim repairs.
Also, i cant think of anything worse than renting for ever and having a mortgage/rent when you retire. The plan should most definitely be to be mortgage free before retirement!
Last edited:
This is it isn't it. You'll never retire if you don't own a house. Rent will go up with inflation but 0 is still 0 if you're mortgage free