House prices rose 7.3% this year, average now almost £250k
- Thread starter HACO
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That's how flats work. How would you get to your own flat if it didn't have a communal hall?
You pay a service charge for it to be serviced. Someone needs to pay for the electricity to light it (and possibly heating), someone to clean it, maintenance, etc.
It's not some dodgy setup, pretty much every block of flats in the country has a similar service charge.
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It doesn't really matter what I say because you'll fish out some vaguely non-related industry for me to entirely change my life right? But I'll play along.. I work for one of the big five Hollywood studios in content security.
Yet totally acceptable in our country. Bricks and mortar 'earning' more than the average salary for the area has been the norm for a long time now. Did you not see my thread about the house opposite 'earning' £70k/year for the last 11?
Totally agree. Goes to show how unwilling the government is on letting prices naturally adjust to the market. They're literally throwing money at it to prop it up. That in itself is disgusting.
FWIW stamp duty should be abolished. We should be taxing the paper profit on sellers. It's madness that as a buyer you need to stump up for stamp duty yet you could be buying from a seller who's property has doubled since they last bought it and the government sees nothing from that. Again, just go to show how keen they are on propping up the bubble.
You can get flats with a share of the freehold. Not sure if thats what you meant. If it's a converted house or something then you're only dealing with one other owner. I'd personally never buy a leasehold anything. Leasehold comes from medieval times and should be abolished! If we moan about landlords enough on here, well it's ten times worse for absent freeholders or management companies that just suck up a yearly fees and do nothing for it.
Think it’s different in Scotland re lease/freehold
All I know is all I need to worry about is inside my flat...maintenance of the stairs/outside etc is part of the service charge...
Havin said that I looked at a flat in Glasgow that had an entrance ‘tunnel’ to a car park below it...service charge was like £100 a month because of the maintenance or something of the car park entrance!
All I know is all I need to worry about is inside my flat...maintenance of the stairs/outside etc is part of the service charge...
Havin said that I looked at a flat in Glasgow that had an entrance ‘tunnel’ to a car park below it...service charge was like £100 a month because of the maintenance or something of the car park entrance!
Caporegime
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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
Lol I've had plenty of jobs and worked in various sectors.
Restaurants, entertainment, sports, IT, procurement, accounting.
My grandads job was in Punjab in India and he left and moved to Gravesend in England. He was a farmer in India. Guess what? He didn't do farming when he came to the UK.
All it is is excuses.
I must do this here so I can't move to where I can afford a home.
Do you think my grandad bought a home when he came here? No he rented. When my grandad retired he owned several businesses and a home worth £120k.
He however didn't acquire all of that overnight. He also didn't complain about the skin head racists abusing his fellow migrants in the factory he worked in. In fact it was 50 years later we found out that he actually stood up to a racist from a long lost friend and colleague who worked in the same factory when he told us the story of what my grandad did after the guy had abused and bullied several of them. My grandad never told anyone about that but his friend told us what he did and I'm glad he did.
Too many entitled snow flakes who just complain these days.
Maybe if you got off your gaming pc and got a second job? I know my mum worked 3 jobs before she became ill. I know I also worked 2 jobs before I bought my first home. I worked 9-5 Mon to Friday in an office and in the evenings and weekends I worked in the security sector.
Telling me what I should do for a living is rich from someone who's been living with their parents for the past 40 years.
If I was going to take life advice from someone I'd choose many than a single middle aged man living with parents not through choice but because they don't like the price of a home.
Lol yeah a brilliant area and a brilliant price. He's clueless about how good that flat actually is for a single man in the city.
I'm tempted myself but I wouldn't be able to get it right now because I have a 8 week old baby that's churning through my money so I require a bigger safety net than that I had say a year ago.
Soldato
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Glasgow is a fantastic city. That it has high areas of urban deprivation is strictly down to Westminster and 70 years of a Labour run council. It was once touted as the second city of empire and the flow of goods through Glasgow in that time was massive, bringing huge wealth to the then UK. The West End of Glasgow has some absolutely spectacular flats and houses.
Now, back on topic. The sooner they bring in rent controls the better. Several SNP MSPs are pushing this through Holyrood in order to curb runaway rent increases in Glasgow and Edinburgh.
Soldato
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Average is far too broad to describe prices properly, obviously location even if just comparing counties would be a better idea. Some house prices wont have changed at all in the last year as its just not that actively in demand or sold
My missus and I were going to buy a house together this year (we both own a flat, I rent mine out whilst we live in hers and I pay her rent. She'd be selling to move but I wouldn't) but she's changing to self employed so that curtails that plan for the next year realistically. I'm tempted to put the deposit money into another property to rent I must admit...
Caporegime
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It's always going to be risky but your not going to make any money with it sitting in the bank.
The only other relatively safe options are stocks or gold. Everything carries some risk. Only you can make the decision. I'd avoid bitcoin as it's on a bull run at the moment.
Or you could just tough it out and see what the bank would be willing to lend currently and see if that gets you a lesser property to stay in for 5 years then move again.
You have plenty of options and even a smaller budget can do well further out or going semi detached or even a townhouse.
Personally I'd buy another flat do what's best for your own future. Affluent areas are doing much better so finnieston is perfect. I know that the £1 million 560 square foot home just round the corner from me sold within a month. That's highly unusual during the current situation. You would be onto a gold mine with that flat in finnieston especially when it comes to your retirement.
Blah blhah blah waffle waffle nonsense troll
Just to be clear. You're telling those that can't afford to buy in the south east to retrain from a 15+ year career (average FTB age is 37), move away from their friends and family networks, and jump into doing something else with their life entirely? To buy a flat in Glasgow?
Caporegime
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Blah blhah blah waffle waffle nonsense troll
Just to be clear. You're telling those that can't afford to buy in the south east to retrain from a 15+ year career (average FTB age is 37), move away from their friends and family networks, and jump into doing something else with their life entirely? To buy a flat in Glasgow?
He could buy a flat in Cornwall there's plenty available there too.
He however wants one that's £300k Vs the the ones that are £60-£150k slightly further away.
Why don't you stop pulling individual examples out of thin air and just admit there is a housing crisis in this country? Like I said, it's like arguing with a climate denier. House prices across the UK are over 8x the average salary, that means for a 20% deposit the average buyer will need to save nearly twice their yearly salary. Doing so whilst renting is impossible because of the skewed/expensive market. And the average age of FTBs is around about 37 years old.
Caporegime
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Not across the UK
Across England yes.
The average house price in Scotland was circa £100k cheaper than England.
So the issue isn't confined to the whole of the UK. Select areas and like I said there's a home around the corner from me that sold for over a million and I'm in Scotland.
England, prices climbed 8.5% to £269,000, in Scotland, 8.4% to £163,000 and in Northern Ireland 5.3% to £148,000.
I'm in Scotland and tbh I couldn't care less about the house prices in England. So for us it's not really a huge problem.
Don't forget it has to be beach front with a submarine bay. And all paid for by the communist party.
You said so earlier, remember? And since you clearly know my situation better than I do, I'll just carry on letting you speak for me (and invent my requirements). If nothing else, it's (slightly) amusing.
Caporegime
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Good you see the irony since you have been speaking for me.
Or do you forget the multiple posts I've corrected you on?
This is exactly what I thought you would say.
You're the first to tell other people that they should uproot themselves, change careers, move their families around the country... all so you can keep profiting from ever-increasing rents and house prices.
You sure don't like being told what to do yourself
You seem to think we should all imitate yourself/your grandad and do the same.Despite the fact that your Grandad's day has been and gone, and the situation today is nothing alike.
The people who already own property are quids in - they look at the people for whom the door *has already closed* and look on us with something approaching contempt.
"We did it (years ago), they can do it to."
It's like pulling up the ladder and asking why nobody afterwards can climb the wall... I wonder, eh? "You're just not trying hard enough. Visualise the ladder! Become the ladder! We did it! (with a real ladder)"
My grandad came to the UK with nothing. He lived in caravan in the garden of some middle class English family. He worked as farmer and then on the railways, had to learn English as well. Eventually moved into his own house and was the first person on the street to get a car. I know it feels like you've got a mountain to climb, but it's not really, not compared to 60-70 years ago.
The property market is unlikely to change to suit your circumstances, even if it is broken.
The property market is unlikely to change to suit your circumstances, even if it is broken.
Soldato
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My Grandad lived in t' shoebox in t' middle o' t' road, he worked 28 hours a day at t' mill, and when he got home his mum an dad would thrash him to death wi' t' broken bottle and dance up and down on his grave singing 'Hallelujah'. Tell that to t' young 'uns today, an they won't believe you.
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