Looking at buying a flat

White Mouse

White Mouse

White Mouse

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Joined
22 Mar 2011
Posts
237
What a joke the prices are, youre looking at 250k for a decent 2 bedroom flat in outer London with good transport links. I remember my dad used to live in Holborn and Farringdon earning 15k a year back in the 80s. Probably be about a million for a studio there now.

The minimum wage really has ****** things up in this country for normal people. BTL empire owners must be laughing themselves to sleep though.

Tbh I think I'd rather just keep paying rent.
 
misleading thread title.

Especially when it turns out to be all the Immigrants fault and not the minimum wage:confused: after all.....


going by the OP's usual general litany of blameworthy suspects for the failures and difficulties in his life....:p
 
Err yeah it is. Look at what has happened since 1999

Housing benefit/min wage etc etc just increases the cost of living for everybody. BTL empire owners set their rents according to what housing benefit their tenants can get, so what is the point? You could get £10k a week housing benefit and be no better off if you were getting £10 if your rent/mortgage just goes up to accomodate you being able to 'afford' £10k a week
 
Castiel said:
misleading thread title.

Especially when it turns out to be all the Immigrants fault and not the minimum wage:confused: after all.....


going by the OP's usual general litany of blameworthy suspects for the failures and difficulties in his life....:p
Click to expand...
population increase probably has some to do with it as the first poster pointed out but the minimum wage and housing benefit is the real joke in this situation
 
So you can't find hundreds of houses let alone flats, Within greater London that are well under 150k and are close to stations.

Perhaps you should look at right move a bit more.
 
A classic F1at

Fiat-131_Mirafiori_1974_800x600_wal.jpg


:D

JK, good luck with your endeavours. :)
 
Nothing to do with minimum wage, I don't exactly see individuals earning 5 quid an hour buying flats for 250k plus.

A more appropriate target would be the feminist movement - the move from 1-earner to 2-earner households and corresponding increase in household earnings has played no small part in driving up the cost of housing.
 
England's housing is such a rip off.

White Mouse, I had the same dilema as you, getting annoyed at the outrageous prices, and said the hell with this. I moved out of London and out of the country altogether !

Been living a life of luxury since, rather than all my money going into the high cost of living, i actually have a high standard living instead. Dunno what I'd do if I ever had to go back. The thought alone is enough to make me wanna throw up.

This ... (well maybe even just the 1st or 2nd floor only)
10662025044556-3-bedroom-terraced-house-for-sale-london-se6-united-kingdom.jpg


Vs THIS !

gallery_D0371860B6754C62AE134020ACDBEADB.jpg


Laters !
 
Can't quite compare UK housing with American housing as our houses are butt ****ing ugly in general and have the appearance of little birdcages stacked up against each other.
 
regulus said:
Can't quite compare UK housing with American housing as our houses are butt ****ing ugly in general and have the appearance of little birdcages stacked up against each other.
Click to expand...


True, but at least they are old and have some character. American houses are all fake-looking and look like they are from a film set. I remember one AMerican raving about the age of his house - how it was so old and he loved the fact. It was 100 years old. We have food older than that!
 
I paid £290k for my first property in London last year (2 bedrooms, Ealing, with garage and nearly 900 sq ft), though it needed work doing, so put in an extra >30k doing it up.

Yes it is relatively more expensive, but you're buying an asset in a location which is almost sure fire to hold/increase its fair value.

Though the plan would be once in 30s, to relocate to a nice detached house with decent land in Surrey.
 
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