House prices rose 7.3% this year, average now almost £250k

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HACO said:
What???? Are you seriously suggesting that people should go and buy properties in cheaper towns, drying up the supply for local people and drive up prices, and then cash in and buy something for themselves or else they're entitled???????? Or maybe you're the freaking entitled one who thinks you can just walk in and take advantage of poor locals in poorer areas of the country.

While it's not that hard to act like a psychopath if you're actually a psychopath, but it's very difficult to act that way if you're not a psychopath.



The good old avocado toast argument.

FYI, young people now spend a smaller % of their income on lifestyle items, holidays and leisure than young people did 30 years ago. Literally hundreds of studies across UK, Europe and the US confirm this.
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YES it’s exactly what I’m suggesting and it’s exactly what I did .

Again people’s sense of entitlement, I can’t afford a house blah blah blah boo hoo hoo .Well guess what neither could i 30 years ago - what did I do ? Well I didn’t have kids before I could afford them , I didnt buy a car on finance or other **** I didn’t need , I worked and bought a house somewhere away from my family and friends to get on the ladder .

2 Young people earning minimum wage and saving for a few years can afford property - I’ve costed it on here in the past .

Anyhow , 10-15 % correction at the end of the summer . Won’t drop that much as demand will still be there .

I’ll be ready to grab some more BTL
 
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Bald-Eagle22 said:
YES it’s exactly what I’m suggesting and it’s exactly what I did .

Again people’s sense of entitlement, I can’t afford a house blah blah blah boo hoo hoo .Well guess what neither could i 30 years ago - what did I do ? Well I didn’t have kids before I could afford them , I didnt buy a car on finance or other **** I didn’t need , I worked and bought a house somewhere away from my family and friends to get on the ladder .

2 Young people earning minimum wage and saving for a few years can afford property - I’ve costed it on here in the past .

Anyhow , 10-15 % correction at the end of the summer . Won’t drop that much as demand will still be there .

I’ll be ready to grab some more BTL
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You talked about Cornwall... well, a large % of the people who work here have absolutely zero chance of buying anything. Not just St Mawes or St Ives or whatever.

Literally they couldn't buy anything anywhere close to where they work.

Many people down here work for min wage. You can't even save a deposit - want to know why? Rents from BTL landlords (who often live in London, etc) are taking >50% of their gross pay. Sometimes as much as 75% of their gross pay is spent on rent.

Your idea amounts to "screw or be screwed". Everybody who wants a house should do what they can to exploit those worse off than they are.

It's this part of the British identity that makes me find myself identifying more with more socialist European countries. Where people have a much greater sense of social responsbility and the greater good.

Britain is much more "Get what you can for yourself, climb over anyone below you and think only in terms of your own best interests."

Perfectly summed up by our own Boris Johnson saying, "It's great that there are food banks popping up everywhere." And not realising that we have food banks precisely because we're failing to look after our people. More and more people every day.
 
Bald-Eagle22 said:
YES it’s exactly what I’m suggesting and it’s exactly what I did .

Again people’s sense of entitlement, I can’t afford a house blah blah blah boo hoo hoo .Well guess what neither could i 30 years ago - what did I do ? Well I didn’t have kids before I could afford them , I didnt buy a car on finance or other **** I didn’t need , I worked and bought a house somewhere away from my family and friends to get on the ladder .

2 Young people earning minimum wage and saving for a few years can afford property - I’ve costed it on here in the past .

Anyhow , 10-15 % correction at the end of the summer . Won’t drop that much as demand will still be there .

I’ll be ready to grab some more BTL
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Too many kids living with parents driving cars they should never be able to drive.

It's actually making it harder for those with homes to buy them as they keep prices up of such cars because the demand is so high as the compete with their Instagram friends.

It's amazing how many folk live with parents yet drive £40k cars and the like.

Brand new Audi TT and a S1 is what two on my street are driving. Both morons who will never move out unless forced to but they will need to send the car back first and get used to the bus.
 
Psycho Sonny said:
Too many kids living with parents driving cars they should never be able to drive.

It's actually making it harder for those with homes to buy them as they keep prices up of such cars because the demand is so high as the compete with their Instagram friends.

It's amazing how many folk live with parents yet drive £40k cars and the like.

Brand new Audi TT and a S1 is what two on my street are driving. Both morons who will never move out unless forced to but they will need to send the car back first and get used to the bus.
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Oh yeah, come to Cornwall, it's nothing but Teslas and Ferarris and Porsches on every street.

Man, I bet if we all sold our supercars we could all afford to buy 3 or 4 houses each!

/s

e: Why stop at cars anyhow.. I bet some people who can't afford a house had the *audacity* to buy a mobile phone! And probably even a TV! And I bet they have the internet too!

Look at all the money they are spending! If they really want a house they should buy nothing but a couple loaves of bread each week, and save literally everything else.

*This is what some people actually believe.
 
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FoxEye said:
You talked about Cornwall... well, a large % of the people who work here have absolutely zero chance of buying anything. Not just St Mawes or St Ives or whatever.

Literally they couldn't buy anything anywhere close to where they work.

Many people down here work for min wage. You can't even save a deposit - want to know why? Rents from BTL landlords (who often live in London, etc) are taking >50% of their gross pay. Sometimes as much as 75% of their gross pay is spent on rent.

Your idea amounts to "screw or be screwed". Everybody who wants a house should do what they can to exploit those worse off than they are.

It's this part of the British identity that makes me find myself identifying more with more socialist European countries. Where people have a much greater sense of social responsbility and the greater good.

Britain is much more "Get what you can for yourself, climb over anyone below you and think only in terms of your own best interests."

Perfectly summed up by our own Boris Johnson saying, "It's great that there are food banks popping up everywhere." And not realising that we have food banks precisely because we're failing to look after our people. More and more people every day.
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All true. While reading this post all I was hearing in my head was: Strike First. Strike Hard. No Mercy.
 
FoxEye said:
You talked about Cornwall... well, a large % of the people who work here have absolutely zero chance of buying anything. Not just St Mawes or St Ives or whatever.

Literally they couldn't buy anything anywhere close to where they work.

Many people down here work for min wage. You can't even save a deposit - want to know why? Rents from BTL landlords (who often live in London, etc) are taking >50% of their gross pay. Sometimes as much as 75% of their gross pay is spent on rent.

Your idea amounts to "screw or be screwed". Everybody who wants a house should do what they can to exploit those worse off than they are.

It's this part of the British identity that makes me find myself identifying more with more socialist European countries. Where people have a much greater sense of social responsbility and the greater good.

Britain is much more "Get what you can for yourself, climb over anyone below you and think only in terms of your own best interests."

Perfectly summed up by our own Boris Johnson saying, "It's great that there are food banks popping up everywhere." And not realising that we have food banks precisely because we're failing to look after our people. More and more people every day.
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And if they want to sit in their same old town they grew up in and bitch like you have them all fool them , i cant buy a house blub blub bulb . FFS Cornwall is a retirement county with a 5 weeks Emmitt window . What would you have Boris do , open up the tin mines ?

I left home at 16 after doing my O levels with nothing and joined the services for 7 years and never went back to where I grew up , not that I didn’t want to it was just no prospects for me. There are plenty of opportunities in life but sitting in the same town you were born in and moaning about life isn’t giving you a house !! - Well that’s self entitlement at its worst.

And if you don’t like the get up and go get it yourself attitude that this country brought itself up on then you know where you can go- oh looks like you made up your mind already-bye.
 
Bald-Eagle22 said:
And if they want to sit in their same old town they grew up in and bitch like you have them all fool them , i cant buy a house blub blub bulb . FFS Cornwall is a retirement county with a 5 weeks Emmitt window . What would you have Boris do , open up the tin mines ?
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Keep tightening the screw on BTL until people stop buying property in Cornwall purely for the rental income.

Add a whole raft of tenant rights, such as the right to a long-term fixed rental.

I'm not wedded to the idea of everybody owning their own home, but if not, we should have long-term protected rental agreements where the landlord can't evict at short notice for any reason.

Also guaranteeing a minimum standard of rental properties, zero-tolerance for landlords that don't maintain their properties or evict tenants for complaining about broken utilities, damp, unsafe wiring...

Oh yeah, in my world if you want to be any kind of landlord you better be an angel.

I left home at 16 after doing my O levels with nothing and joined the services for 7 years and never went back to where I grew up , not that I didn’t want to it was just no prospects for me. There are plenty of opportunities in life but sitting in the same town you were born in and moaning about life isn’t giving you a house !! - Well that’s self entitlement at its worst.

And if you don’t like the get up and go get it yourself attitude that this country brought itself up on then you know where you can go- oh looks like you made up your mind already-bye.
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It's about having empathy and treating people as human beings. Not being 100% focused on how much urine you can extract whilst making people's lives miserable whilst they pay your mortgage off for you.

And then calling it a "service" that BTL landlords "provide" to the community. As if we should be grateful...
 
If everyone left areas for more affordable homes then who the hell works in the care home, the supermarkets or even the hospitals? If the lower wage jobs can't be filled, won't those places just die?
 
Wegason said:
Prices will fall once the stamp duty holiday ends, prices are inflated at the moment and the economy isn't doing great.
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Stamp duty isn't that bad unless you're spending >£1m, which seems to be what everyone here expects to be handed to them?

I'd imagine they'll phase it back in over time or introduce/increase HTB or something.
 
AndrewNR said:
Stamp duty isn't that bad unless you're spending >£1m, which seems to be what everyone here expects to be handed to them?
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Hmmm? Not following you there.

Did anybody say they wanted £1 million handed to them? Or am I mis-reading what you posted?
 
I think most first time buyers would settle for 3 bed semi for less than £300k in the Home Counties. I remember paying £190k 12 years ago for a 3 bed semi, i think it would currently go for £330k
 
Wegason said:
I think most first time buyers would settle for 3 bed semi for less than £300k in the Home Counties. I remember paying £190k 12 years ago for a 3 bed semi, i think it would currently go for £330k
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12 years ago a new car was say 20k, today it'll cost 30k...similar increase to housing.

The real issue is stagnant wages and a greater rich/poor divide.
 
AndrewNR said:
You and I both. Much like New York, its good for a few days away but don't see the appeal longterm.
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New York is awful in the height of summer, the air quality is atrocious with every street corner having at least 1 diesel generator for all the street food vans.
 
AndrewNR said:
12 years ago a new car was say 20k, today it'll cost 30k...similar increase to housing.

The real issue is stagnant wages and a greater rich/poor divide.
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The real issue is house prices, just looked it up, they now go for £350k plus. Its a 85% increase in prices while in inflationary terms, prices have gone up 35% and wages have not increased in line with inflation as you say.
 
AndrewNR said:
12 years ago a new car was say 20k, today it'll cost 30k...similar increase to housing.

The real issue is stagnant wages and a greater rich/poor divide.
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That and the lack of regulation/tenant's rights compared to our major European neighbours.

The number of scummy landlords who have proliferated throughout the country.

That even with less favourable returns than a few years ago, it still remains (too) profitable for people to buy BTL properties and increase their portfolios. (It's still too profitable because there are still plenty of people snapping up houses down here for rental income, *and* the percentage of renters vs home owners continues to see more people renting year-on-year).

The number of BTL landlords who evict at short notice if a tenant asks for something to be fixed. The number who try to keep the deposit for any reason at all.

The number of BTL landlords who, if forced to make a repair, will simply increase the rent rather than accept that they need to maintain their properties at their own expense.

The number of two up two down properties that continue to be converted into "studio flats" (aka shoeboxes) for rental purposes.

The ever-decreasing size (and quality) of new builds.

In summary, the state of housing in this country is poor compared to our neighbours, and we are currently engaged in a race to absolute rock bottom. With scummy landlords being prepared to take full advantage of that.

Oh and did I mention rents that are 50% - 75% of people's gross pay down here? It's common for care workers and many others to pay >50% of their earnings as rent.
 
Wegason said:
New York is awful in the height of summer, the air quality is atrocious with every street corner having at least 1 diesel generator for all the street food vans.
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It's the same in London with all the cars and constant traffic just that you cannot see it.

I wonder how much life expectancy is decreased by living in London compared to say somewhere by the sea an hour or two away.
 
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