House prices rose 7.3% this year, average now almost £250k
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Caporegime
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No it's not.
It's literally a 1 bedroom flat. That comes with living room and kitchen.
It's not shared ownership scheme at all.
As with all flats yes you need to pay fees but so do some detached homes too. I know I pay factor fees and I live in a detached home.
You still haven't explained why you cannot buy said home.
Its bang in the city centre. You could walk to wherever you wanted to go so zero commuting costs.
In fact my old workplace is literally a 5 minute walk from their maybe 10. So no need to pay for trains, etc.
It's in the perfect location for anyone who works in the city centre.
I’m a landlord. I don’t demand a risk free government guaranteed return. Just thought I’d let you know so you can ignore this and return to your rants.
That doesn't hide the fact that my career, social network, family and are all in the south east. You might as well be telling people to move to the Congo because it's cheaper.. What would I do when I move to Glasgow? There's no jobs in my industry there, or my partner's. So if we can't get jobs that we're trained for we'll be looking for all the other untrained/lower skilled work like everyone else. And therein lies the problem with upping sticks and moving to a place with no jobs in your profession. Your whole 'solution' ignores the wider problem is why housing is so expensive overall. And because we have no real control over housing bubbles, if everyone moved to Glasgow it'd just get really expensive anyway. What would you say to people then? You only have to look at what's happened to Manchester and affordability there once the BBC and other media outlets moved up there. People have been getting priced out there for years now.
I dunno. Back when he bought a house it sounds like it was probably only 3x his salary so by that notion he probably worked 7x less as hard as a current FTB in the south east, no? (Hey, you wanted to make the comparison) Oh and PS, my monitor was provided by work and my headphones cost £40. What's the next vague assumption on your list? A car? lol..
I'm finding arguing about the housing market with you a bit like arguing with a climate change denier. The evidence is all there, it's in the mainstream media all the time, there's plenty of further evidence from professional bodies/charities if you want to pursue that. Yet you still get some morons that won't believe it.
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Caporegime
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I could buy it outright but that doesn't hide the fact that my career, social network, family and are all in the south east. You might as well be telling people to move to the Congo because it's cheaper.. What would I do when I move to Glasgow? There's no jobs in my industry there, or my partner's. So if we can't get jobs that we're trained for we'll be looking for all the other untrained/lower skilled work like everyone else. And therein lies the problem with upping sticks and moving to a place with no jobs in your profession. Your whole 'solution' ignores the wider problem is why housing is so expensive overall. And because we have no real control over housing bubbles, if everyone moved to Glasgow it'd just get really expensive anyway. What would you say to people then? You only have to look at what's happened to Manchester and affordability there once the BBC and other media outlets moved up there. People have been getting priced out there for years now.
I dunno. Back when he bought a house it sounds like it was probably only 3x his salary so by that notion he probably worked 7x less as hard as a current FTB in the south east, no? (Hey, you wanted to make the comparison) Oh and PS, my monitor was provided by work and my headphones cost £40. What's the next vague assumption on your list? A car? lol..
I'm finding arguing about the housing market with you a bit like arguing with a climate change denier. The evidence is all there, it's in the mainstream media all the time, there's plenty of further evidence from professional bodies/charities if you want to pursue that. Yet you still get some morons that won't believe it.
Find it hard to believe that there's no alternative jobs in your sector in Glasgow.
What do you do?
Also I quoted foxeye the guy with the expensive gaming monitor and premium headphones who lives at home with his parents in his middle age works in the public sector in a generic job most likely that transfers to anywhere in the world. No need to go looking for a specialist role.
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Both have points. There are definitely cheaper places to live. And people should move if they want a house that badly. If having a house is your absolute top priority and you live in London on minimum wage.. Look else where. Because minimum wage goes a lot further else where.
You can't have everything. Life isn't fair.
But on flip side there aren't enough jobs to do that where the housing is cheap.
There is a crisis. And landlords wanting bailouts doesn't really wash with most people.
It will all come crashing down at some point. If no one owns a house. And everyone is renting. These people will have little when It comes to retirement. At which point either those people are left to die. Because they can't afford heating. Or pensions have to increase. But there's no cash for that.
Its a scary future. Pensions decreasing, home ownership decreasing.
Tax income decreasing.
How is all this going to be paid for?
My number one reason for owning a house is to pay for my post retirement years. Because I don't think I'd have a retirement without it. I don't trust there will be a state pension or NHS when I'm 70.
I dread to think what those with no savings etc will encounter at this point.
And this demographic is growing.
My parents, on modest incomes have a 750k+ house. Because.. Lucky timing.
I at current rate will be lucky to have my current house paid.
They had 3 kids too. I'll be having none
I get house ads on Facebook and its horrible hearing the comments about families my age with a combined 25k income who have absolutely no hope of ever owning.and the rent they have to pay
Also, comparing crypto to housing is ridiculous. No one needs to invest in bitcoin. People need houses.
You can't have everything. Life isn't fair.
But on flip side there aren't enough jobs to do that where the housing is cheap.
There is a crisis. And landlords wanting bailouts doesn't really wash with most people.
It will all come crashing down at some point. If no one owns a house. And everyone is renting. These people will have little when It comes to retirement. At which point either those people are left to die. Because they can't afford heating. Or pensions have to increase. But there's no cash for that.
Its a scary future. Pensions decreasing, home ownership decreasing.
Tax income decreasing.
How is all this going to be paid for?
My number one reason for owning a house is to pay for my post retirement years. Because I don't think I'd have a retirement without it. I don't trust there will be a state pension or NHS when I'm 70.
I dread to think what those with no savings etc will encounter at this point.
And this demographic is growing.
My parents, on modest incomes have a 750k+ house. Because.. Lucky timing.
I at current rate will be lucky to have my current house paid.
They had 3 kids too. I'll be having none
I get house ads on Facebook and its horrible hearing the comments about families my age with a combined 25k income who have absolutely no hope of ever owning.and the rent they have to pay
Also, comparing crypto to housing is ridiculous. No one needs to invest in bitcoin. People need houses.
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We can update the thread title now for year-end figures. The rise in house prices for 2020 was 8.5% and the average price is now over £250k
https://www.bbc.co.uk/news/business-56095357
I'd guess this is mostly driven by people moving away from larger cities due to working from home options. London had the lowest increase at just 3.5%
https://www.bbc.co.uk/news/business-56095357
I'd guess this is mostly driven by people moving away from larger cities due to working from home options. London had the lowest increase at just 3.5%
I know, it's killing me as was looking at a holiday home last year and looking again now everything has shot up
I know, it's killing me as was looking at a holiday home last year and looking again now everything has shot up
It's up 10 percent here apparently.
I expect more for this detached house.
Technically that would put this house at nearly. 290 and out of reach now.
It must come down after the holiday. Genuinely shocked though. I almost pulled out in Feb 2020 as I was sure covid and job losses would drive prices down.
10 percent. That's like adding someone's net yearly income (more probably) to the average house. Unbelievable
It's utterly depressing I'm already a home owner but the financial step to move to the next size (currently in a 3-bed semi) is getting further and further away. What was a £100k jump to the next size 8 years ago is now a £200k jump, and only getting bigger
I'm already a home owner but the financial step to move to the next size (currently in a 3-bed semi) is getting further and further away. What was a £100k jump to the next size 8 years ago is now a £200k jump, and only getting biggerYeah, i wonder how all the people holding off purchasing feel now that were waiting for a crash.
The extension to the SD holiday feels baffling. At a time when the government are hemorrhaging cash, stamp duty for those than can afford to move would be a decent income stream. FTB's are still exempt so the benefit is still there for those in need, but people buying >£500k houses don't need any help!
It's utterly depressing
I was silly really. I was never settled. I didn't know where I wanted to live etc. I didn't buy something in Lincolnshire because I kept thinking I'd only be there a year. That turned into 4 years.
I then finally decided to move to Wales. Liked it so bought. Its a house I could live in for life luckily. 3 bed detached with garden and it's plenty for 2 people (no kids ever)
Dream is to live somewhere a bit more geographically pretty. But I'm never after a big house like my parents. Too much rent.
But to move to NZ or if staying in UK . Tenby would be amazing m
Personally I think it's disgusting. The stamp duty break. My very lucky friends have no hardships made the move to max out and get a near 500k house.
Inheritance got them in the starting block.
4 years ago the girl was renting. Now in a half million house. I envy them a bit. But fair play. The system is there to be used.
Ones a teacher one is a marketing person. So waaay above their natural fit.
But the way it was only beneficial to those not hurt by covid is such a waste of public money
Yeah, i have some friends in Didsbury moving from a £450k house to one that's around £900k. They're saving around £15k, but surely if you're buying a 900k house you don't need to be getting any help when that cash could be in the governments pockets.
There is a lot to be stressed about with the price of property in the south east. Problem is there's plenty of people willing to slum it in small flats and such as a means to be part of the culture or find work so it's really just a supply/demand issue.
You can only build so many homes, new homes are being built all the time but people (myself included) want older homes not the new stuff with 8:10 property:land ratio.
On the one hand it's a shame, but on the other there are still plenty of places available, people are just picky and always will be. The same people will find the money somehow, get older and then tell the new young lot to just work harder. I don't really see another way to do it without ripping the whole thing apart?
FWIW: I don't own property right now, nor do I profit from high house prices. I do earn a lot though so when I do want to buy a house it won't be an issue
You can only build so many homes, new homes are being built all the time but people (myself included) want older homes not the new stuff with 8:10 property:land ratio.
On the one hand it's a shame, but on the other there are still plenty of places available, people are just picky and always will be. The same people will find the money somehow, get older and then tell the new young lot to just work harder. I don't really see another way to do it without ripping the whole thing apart?
FWIW: I don't own property right now, nor do I profit from high house prices. I do earn a lot though so when I do want to buy a house it won't be an issue
That's exactly what they did.
The £15,000 saved on the £900,000 house is due to paying £20,000 during the current reduced rate than £35,000 the full rate would have been.
Me personally? It's in Glasgow, and my job is in Cornwall...
I'm not sure how moving to Glasgow and giving up my job here really helps. I might not be able to find work in Glasgow?
Also it's two small rooms and a shared communal hall. If that's a flat then so is my wardrobe. For £100k, wow, such value. And I still get to pay a service charge for the communal area.
Just lol.
Anybody defending the housing market has totally lost touch with the reality of your average lower-paid worker. Or (as you do) think we should just house the population in wardrobe-sized boxes. Factor in that many have families, and can't live in a wardrobe..
Listen, @Psycho Sonny . Let me phrase this another way.
Why can't you find a different job? That's right. Why can't you stop being a landlord and do something worthwhile, instead? Like a nurse or an engineer.
You keep saying why the lower paid should move and change careers. Why can't you allow the state to provide housing, and change YOUR career? Go do something that actually adds value.
Try it, you might like it. Rather than being a landlord. Which is imho a somewhat parasitic vocation
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