Generation rent

  • Thread starter Thread starter worsleyweb
  • Start date Start date
Ban-jani said:
Yes it is.

I’m in the top 10% of earners in the UK and didn’t find it easy. I stopped going on holiday last year, moved into cheap temporary accommodation to save and even had donations from family.

It’s almost impossible if you’re at the other of the scale to me and don’t have family to help.

It’s very easy for older people on here to scoff at youngsters trying, when you all likely bought your house with zero deposit.
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hilts said:
So if we can agree to just not bother that would be fine. You can have the last word as well. Let's see if you can do that
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Ban-jani said:
Done.

Good bye
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@hilts

And that’s a totally different debate?

If you don’t want me to quote you on anything then put me on ignore.

If you don’t want to do that, maybe answer the post, that’s how a forum works.
 
Ban-jani said:
@hilts

And that’s a totally different debate?

If you don’t want me to quote you on anything then put me on ignore.

If you don’t want to do that, maybe answer the post, that’s how a forum works.
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We had a agreement, if you thought it was just on one topic I should have been more specific. Just being nice and avoiding you wasting your time. We needn’t discuss it further. Yet again you can have the last word if the urge is too strong to resist.
 
hilts said:
We had a agreement, if you thought it was just on one topic I should have been more specific. Just being nice and avoiding you wasting your time. We needn’t discuss it further. Yet again you can have the last word if the urge is too strong to resist.
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Ahh the old “you have the last word line so if you don’t do it, it looks like I’ve put you in your place but if you do, you look immature” tactic.

Carry on.
 
How about limiting house prices? How much does a builder make in a house, I’ve no idea. How can it be right to charge someone in the south 3/4 times more than the north, now before we start quoting capitalism etc, IF they really want affordable housing limit the profit on a new build, yes the building companies and stockholders wouldn’t make as much but normal people could buy them, they then gave to furnish etc which all boosts the economy. Older properties will drop in price however the market becomes more realistic.
 
allblackcitizen said:
Don't know about SIPP's, but private pensions are a waste of time, even despite the favourable tax treatment. Mine's a piece of shit and I stopped paying into it 5-6 years ago. I'd have been better off sticking the cash under the mattress. Now I can't wait to cash the fucker in and be done with it.

The general opacity of the private pension industry, the shit returns and the financial leeches who prey on it are one the reasons why anyone with a spare bit of cash buys a second or third or fourth property and exacerbates the subject matter of this thread.
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Don't know about SIPPs, confuse company pensions with private pensions but still come on here as a font of knowledge!
Put all your money in one investment class and you are a fool. Diversify. Have a portfolio that has pensions, properties etc..
 
Blue Maverick said:
How about limiting house prices? How much does a builder make in a house, I’ve no idea. How can it be right to charge someone in the south 3/4 times more than the north, now before we start quoting capitalism etc, IF they really want affordable housing limit the profit on a new build, yes the building companies and stockholders wouldn’t make as much but normal people could buy them, they then gave to furnish etc which all boosts the economy. Older properties will drop in price however the market becomes more realistic.
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It’s not to do with material of building the house, more the cost of land / living in the south. Same reason that you can get a semi for 109k in north Manchester (as another poster shared) but it barely gets you a studio in Trafford/ south mcr... supply and demand.
 
It’s not a surprise. It’s completely unaffordable in town to buy some where. Too many luxury flats that are half empty.

Greedy developers are ruining the city centre in my opinion. They argue back that it’s all in the name of development or progress... when in reality it’s priced out most locals. London’s the perfect example of that - loads of empty homes.
 
mancityvstoke said:
London .... all these knife murders yet they’re all loaded paying high rents .... something doesn’t add up
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The stabbings are usually gang on gang and concentrated in certain areas. 50 deaths amongst a population of seven million.
 
Blue Maverick said:
How about limiting house prices? How much does a builder make in a house, I’ve no idea. How can it be right to charge someone in the south 3/4 times more than the north, now before we start quoting capitalism etc, IF they really want affordable housing limit the profit on a new build, yes the building companies and stockholders wouldn’t make as much but normal people could buy them, they then gave to furnish etc which all boosts the economy. Older properties will drop in price however the market becomes more realistic.
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That wouldn't work, mate, because land prices are typically much dearer in the South and they are a major determinant of new house prices.

Why? because more people want to live and work in the South. Like it or not (probably not!), supply and demand are at the root of the economy.

They're building all over the fcukin green spaces down here. It's hammering the environment, straining the infrastructure and it's not nice to see. One village near me has a population of 2,500 and they are trying to build 2,000 new homes there. That would roughly treble the population and kill its character.
 
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https://www.rightmove.co.uk/property-for-sale/property-66128689.html

https://www.rightmove.co.uk/property-for-sale/property-72335767.html


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sir baconface said:
That wouldn't work, mate, because land prices are typically much dearer in the South and they are a major determinant of new house prices.

Why? because more people want to live and work in the South. Like it or not (probably not!), supply and demand are at the root of the economy.

They're building all over the fcukin green spaces down here. It's hammering the environment, straining the infrastructure and it's not nice to see. One village near me has a population of 2,500 and they are trying to build 2,000 new homes there. That would roughly treble the population and kill its character.
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Ah so it’s down to land prices, didn’t know that. They are going for green spaces here as well purely because it’s cheaper to build than clear the brownfield sites apparently, once the greens gone then what, we are proper fucked.
 
worsleyweb said:
Pissed myself laughing! I had a load of lads who worked for me from bacup a few years back. Absolute salt of the earth but hard as nails lads and did things like kill rats at weekend. Never forget one of them picking up a scouse steel fixer with one hand and putting him in a skip. Bacup is a very special place!
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Very special indeed and reassuringly scary and I spent the best part of Twelvety years of my life ferrying them home from their off licenses and public houses. Murders most foul slayings beatings and slashing's but nevertheless a quintessential quaintness and ambience surrounded the vale and in general the people were godly gracious souls who sought only to please.. And no tellies radios or central heating .. but they were happy !

 
Two Gun Bob said:
Very special indeed and reassuringly scary and I spent the best part of Twelvety years of my life ferrying them home from their off licenses and public houses. Murders most foul slayings beatings and slashing's but nevertheless a quintessential quaintness and ambience surrounded the vale and in general the people were godly gracious souls who sought only to please.. And no tellies radios or central heating .. but they were happy !

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I bought my first investment property in mossley for 17k! Bought it at auction and literally lived on bread and syrup for 3 months after getting it. Couldn’t even afford the petrol to go and look at it!
 
Blue Maverick said:
Ah so it’s down to land prices, didn’t know that. They are going for green spaces here as well purely because it’s cheaper to build than clear the brownfield sites apparently, once the greens gone then what, we are proper fucked.
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Squash everyone into the cities, keep population up and infrastructure down. The circle of shite continues.
 
denislawsbackheel said:
Don't know about SIPPs, confuse company pensions with private pensions but still come on here as a font of knowledge!
Put all your money in one investment class and you are a fool. Diversify. Have a portfolio that has pensions, properties etc..
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Er think you have me confused with someone else. I do know the difference between company and private pensions. I don't know much about SIPPS, which I admitted. I don't think I have ever claimed to be a font of knowledge.

I proffered an opinion about private pensions based on my own experience of them, because for most of my working life that was the only pension I had.

Portfolio? In my fucking dreams.
 
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