Generation rent

[smudgedj]

Great little property here for the 1st time buyer, only £110k

Charlestown Road, Blackley, Manchester, M9
https://www.rightmove.co.uk/property-for-sale/property-82183085.html

Leasehold. Odd for a house.

 

[hilts]

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.

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

Done.

Good bye

 

[Ban-jani]

@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.

 

[hilts]

@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.

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.

 

[Ban-jani]

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.

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.

 

[Blue Maverick]

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.

 

[denislawsbackheel]

Leasehold. Odd for a house.

Nonsense.
In the north west they are ten a penny.

 

[denislawsbackheel]

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.

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..

 

[brooklandsblue2.0]

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.

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.

 

[Cheadle_hulmeBlue]

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.