Mazzarelli's Swiss Cheese
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Two pages in and no one's blamed it on trump/brexit.
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correctPeople owning multiple properties are the root of the problem..............
Scottyboi
Well-Known Member
Boomers having the times of their lives, btl and now the bubble has been proped up by the help to buy loans which is going to burst.
Builders have been whacking prices up on new builds knowing that people using help to buy have to accept their prices. It's like buying a beemer on finance but working at McDonald's.
I have a good deposit waiting, just need to wait for the huge btl sell off that is coming and pounce. Boris will do some damage in October.
You seen the rent yields in Manchester now compared to London, you make more up here in the city centre no wonder Worsley web is a happy man.
Builders have been whacking prices up on new builds knowing that people using help to buy have to accept their prices. It's like buying a beemer on finance but working at McDonald's.
I have a good deposit waiting, just need to wait for the huge btl sell off that is coming and pounce. Boris will do some damage in October.
You seen the rent yields in Manchester now compared to London, you make more up here in the city centre no wonder Worsley web is a happy man.
I accept BTL is one reason but surely the main reason is simple demand. Back in the 70's everyone lived at home with mum and dad until they got married. The couple then bought their own home and lived together for 60 years. Now everyone moves out as soon as they can, usually to a flat, they get married or live together and when they divorce they both need a house/flat, throw in an ever increasing population and the demand forces the prices up.
I also remember back in the 80's the media used to bang on about how it was daft to tie up all your money in property, we should be like Germany where 75% rent. Now that 75% are renting the media and everyone else is moaning.
Just just need to compare census data from 2001 to 2011, renting more than doubled almost everywhere, so less of the stock available to buy which has increased the demand.
Most places are still 65% to 70% home ownership here, and people who own the homes are living longer, another thing that has increased prices for those that are available.
In north west Europe renting is still more common but the rents are more reasonable so no one minds as much.
Scottyboi
Well-Known Member
Two pages in and no one's blamed it on trump/brexit.
Why would anyone blame them lol the housing market has been a bubble for 2 decades now. More women working / working couples bumped prices up too as people suddenly had alot more financial clout and could buy better houses.
Aren't most btl owned by people in their 60s and over who had the best pensions, savings and cheap houses to utilise growing up.
Mazzarelli's Swiss Cheese
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Taking the piss mate - there is a certain type that would blame getting a bad pint or a shopping trolley with a squeaky wheel on trump/brexit. The current housing situation has been a long time in the making. Mrs T flogging the social housing stock and creating the aspiration to home ownership for all has its positives, but has created issues. Borrowing has also been at record low levels in terms of cost and record high in terms of uptake.Why would anyone blame them lol the housing market has been a bubble for 2 decades now. More women working / working couples bumped prices up too as people suddenly had alot more financial clout and could buy better houses.
Aren't most btl owned by people in their 60s and over who had the best pensions, savings and cheap houses to utilise growing up.
Scottyboi
Well-Known Member
Taking the piss mate - there is a certain type that would blame getting a bad pint or a shopping trolley with a squeaky wheel on trump/brexit. The current housing situation has been a long time in the making. Mrs T flogging the social housing stock and creating the aspiration to home ownership for all has its positives, but has created issues. Borrowing has also been at record low levels in terms of cost and record high in terms of uptake.
No one knows how to save anymore, all in competition with each other on social media.
Feel sorry for us mancs trying to buy local now all the rich southerners are buying in Manchester and driving prices up. A shitty 2 bed terrace in moss side goes for 140k right now!
mancityvstoke
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On a positive note when they're old cunts they won't have houses to rob by the Govt to pay for their care.
Tough for tax payers though.
Why bother saving at current interest rates too?
Tough for tax payers though.
Why bother saving at current interest rates too?
Oxfordshire is virtually empty.
Build there.
They are doing.
Perhaps the answer is for youngsters to stop moaning and start saving. I bought my first house in 1982 for £28,500, I had to find the 10% deposit which back then was, like today, virtually impossible,.You could only get a mortgage from the Building Society, banks weren't allowed to do it and you had to save monthly with them for 3 years to prove you had the ability to afford one. Yes save some of your wages !!
We had one holiday a year in the mother in laws caravan as we couldn't afford anything else never mind Las Vegas for a mates stag do as well as 2 weeks in Spain. We didn't spend £50 a month on a mobile phone just so we can tweet a photo of our McDonalds to someone we barely know. There was no such things as new cars on PCP's that are virtually worthless in 2 years time, I had an old Vauxhall Viva and meals out were a rare treat. We were skint but we had a house, now you lot moan you cant afford one as well as everything else you really must have right now because your mates got one.
(Oh and don't start me on designer trainers)
We had one holiday a year in the mother in laws caravan as we couldn't afford anything else never mind Las Vegas for a mates stag do as well as 2 weeks in Spain. We didn't spend £50 a month on a mobile phone just so we can tweet a photo of our McDonalds to someone we barely know. There was no such things as new cars on PCP's that are virtually worthless in 2 years time, I had an old Vauxhall Viva and meals out were a rare treat. We were skint but we had a house, now you lot moan you cant afford one as well as everything else you really must have right now because your mates got one.
(Oh and don't start me on designer trainers)
brooklandsblue2.0
Well-Known Member
Read something the other day that the average age of buying a first property in London is 42 and elsewhere 33.
I see people every day in town who clearly rent paying 1000 plus a month for a 2 bed flat and eat out every night.
Can’t for the life of me see the logic of it not the attraction.
Sad that as a society a firemen and a nurse married would struggle to get on the housing ladder!
Madness. House prices in this country are just madness.
I bought my first house at 23. I was skint for 3 years after trying to pay for it as my mortgage nearly doubled as I was on a variable rate. At the time I drove a Renault Clio, couldn’t afford a holiday for 2 years and rarely ate out etc. My friends all had fancy cars and lead a much more extravagant existence but they’re now trying to get on the property ladder at the age when I’ve got a significant amount of collateral built up.
I see some young people I know via work and they literally spend cash like it’s going out of fashion on clothes (online deliveries flying into our office daily!) eat out 2-3 times a week, go to every festival going plus think it’s normal to holiday / city break 3-4 times a year. My theories are
1) zero sense of sacrifice / saving
2) Owning property seems so unattainable that they simply give up and so enjoy today.
3) it’s simply not an aspiration anymore
4) They’re just self entitled snowflake moany arses!!
BimboBob
Well-Known Member
If developers stopped being cunts and actually produced the amount of social housing they are supposed to produce instead of finding loopholes to get out of their responsibility due to them wanting to make as much cash as possible and fuck you poor people we might have houses for everyone.
Developers = cunts.
Multiple home owners = cunts.
Developers = cunts.
Multiple home owners = cunts.
What do they do when they retire and have only a small income from their pension?On the continent, most normal people rent. Only the well-off own their houses in many counties like Greece Spain Netherlands...
johnmc
Well-Known Member
Why bother saving at current interest rates too?
This is as much an issue as any other. People with money are putting it to property nowadays as the banks are offering little.
Gabriel
Well-Known Member
On the continent, most normal people rent. Only the well-off own their houses in many counties like Greece Spain Netherlands...
Think the rate of ownership in the Netherlands is now just below 70%, which might be higher than the UK.
brooklandsblue2.0
Well-Known Member
If developers stopped being cunts and actually produced the amount of social housing they are supposed to produce instead of finding loopholes to get out of their responsibility due to them wanting to make as much cash as possible and fuck you poor people we might have houses for everyone.
Developers = cunts.
Multiple home owners = cunts.
Businessmen.
idahoblues
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The only way I could swing buying a house was to build it myself. I was working four ten hour shifts for a local contractor then working Fri Sat and Sunday on my place. A tough six months but had to happen
peoffrey
Well-Known Member
I’ve always taken lodgers in when I’m able to as I know how difficult it is to find a home. Everybody I know in communal shares has had problems from food or post theft through to antisocial behaviour. Heard some awful stories. Landlords don’t appear to give a shit either. They just want their rent.
When I sell my London place, I’ll cash buy elsewhere and rent a room out for little more than company if I’m still on my own. It’s £365,000 for a two bed terrace in London. Can you Adam and Eve that?
When I sell my London place, I’ll cash buy elsewhere and rent a room out for little more than company if I’m still on my own. It’s £365,000 for a two bed terrace in London. Can you Adam and Eve that?
Millwallawayveteran1988
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Perhaps the answer is for youngsters to stop moaning and start saving. I bought my first house in 1982 for £28,500, I had to find the 10% deposit which back then was, like today, virtually impossible,.You could only get a mortgage from the Building Society, banks weren't allowed to do it and you had to save monthly with them for 3 years to prove you had the ability to afford one. Yes save some of your wages !!
We had one holiday a year in the mother in laws caravan as we couldn't afford anything else never mind Las Vegas for a mates stag do as well as 2 weeks in Spain. We didn't spend £50 a month on a mobile phone just so we can tweet a photo of our McDonalds to someone we barely know. There was no such things as new cars on PCP's that are virtually worthless in 2 years time, I had an old Vauxhall Viva and meals out were a rare treat. We were skint but we had a house, now you lot moan you cant afford one as well as everything else you really must have right now because your mates got one.
(Oh and don't start me on designer trainers)
Same as you. Me and the misses spent that much on mortgage that a treat for us was a video and couple of cans of Carlsberg special cos it got you more pissed and wasn’t as expensive then!
Still had decent trainers though! :-)
I bought my first house at 23. I was skint for 3 years after trying to pay for it as my mortgage nearly doubled as I was on a variable rate. At the time I drove a Renault Clio, couldn’t afford a holiday for 2 years and rarely ate out etc. My friends all had fancy cars and lead a much more extravagant existence but they’re now trying to get on the property ladder at the age when I’ve got a significant amount of collateral built up.
I see some young people I know via work and they literally spend cash like it’s going out of fashion on clothes (online deliveries flying into our office daily!) eat out 2-3 times a week, go to every festival going plus think it’s normal to holiday / city break 3-4 times a year. My theories are
1) zero sense of sacrifice / saving
2) Owning property seems so unattainable that they simply give up and so enjoy today.
3) it’s simply not an aspiration anymore
4) They’re just self entitled snowflake moany arses!!
Renault Clios only came out in 1990, so not having that from a guy who clearly looks in his 50s. Must have been brand new at worst.