| Author |
Message |
|
Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
|
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
|
| Sat Oct 13, 2012 8:13 pm |
|
|
|
ProfessorF
What's a life?
Joined: Thu Apr 23, 2009 7:56 pm
Posts: 12030
|
I'd agree with just about all of that.
|
| Sat Oct 13, 2012 8:18 pm |
|
|
|
l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
|
+1
I don't know how people on minimum wage have any hope of buying a house these days, even in a [LIFTED] area.
|
| Sun Oct 14, 2012 6:42 am |
|
|
|
AlunD
Site Admin
Joined: Fri Apr 24, 2009 6:12 am
Posts: 7011
Location: Wiltshire
|
Sadly that applies to my two 
_________________
<input type="pickmeup" name="coffee" value="espresso" />
|
| Sun Oct 14, 2012 7:58 am |
|
|
|
MrStevenRogers
Spends far too much time on here
Joined: Fri Apr 24, 2009 9:44 pm
Posts: 4860
|
_________________
Hope this helps . . . Steve ...
Nothing known travels faster than light, except bad news ...
HP Pavilion 24" AiO. Ryzen7u. 32GB/1TB M2. Windows 11 Home ...
|
| Sun Oct 14, 2012 8:08 am |
|
|
|
HeatherKay
Moderator
Joined: Thu Apr 23, 2009 6:13 pm
Posts: 7262
Location: Here, but not all there.
|
When I first attempted to the fly the coop in the mid-1980s, I couldn't afford a mortgage.
At no time since have I been in a job which paid me nearly enough money to take out a mortgage.
I've just been lucky to find a soulmate who owned his house and didn't have a mortgage. I'd still be living in ratty one-room apartments - or worse - otherwise.
_________________My Flickr | Snaptophobic BloggageHeather Kay: modelling details that matter. "Let my windows be open to receive new ideas but let me also be strong enough not to be blown away by them." - Mahatma Gandhi.
|
| Sun Oct 14, 2012 8:41 am |
|
|
|
cloaked_wolf
What's a life?
Joined: Thu Apr 23, 2009 8:46 pm
Posts: 10022
|
I'm 30 years old, single and still living with my parents. Despite earning more than the average population, I still can't afford a frikkin' mortgage because of the huge ass deposit required. My friends who left med school at the same time as me and have a house have done so with a large cash gift from parents.
_________________ He fights for the users.
|
| Sun Oct 14, 2012 9:04 am |
|
|
|
JJW009
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 6:58 pm
Posts: 8767
Location: behind the sofa
|
The idea that a 20 something year old might afford to buy their own house is a fairly recent one, and is the exception rather than the norm.
My parents left the country while I was at college so I had no choice but to rent. I stayed in cheap shared houses until I afford better. And by cheap, I mean about 4 square meters with no heating.
_________________jonbwfc's law: "In any forum thread someone will, no matter what the subject, mention Firefly." When you're feeling too silly for x404, youRwired.net
|
| Sun Oct 14, 2012 9:16 am |
|
|
|
Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
|
My parents bought their first home when my father was 35, but that was because he was in the Fleet Air Arm so we were on bases. He was able to afford the place with a normal deposit of the time of 25% and on a single wage. To buy on a single wage disappeared during the end of the eighties. The return of large deposits is sensible but the stupid income multiples is what has distorted the property market. If we had prices linked to wages on the same terms as my father we would have three bed house prices around £75000 even in the south of england. Whereas it is closer to £300 000. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
|
| Sun Oct 14, 2012 9:48 am |
|
|
|
paulzolo
What's a life?
Joined: Thu Apr 23, 2009 6:27 pm
Posts: 12251
|
House prices are based on the notion of at least two incomes now. That's the price you pay for letting the women out of the kitchen and into the workplace.  (Look: sarcasm)
|
| Sun Oct 14, 2012 9:51 am |
|
|
|
JJW009
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 6:58 pm
Posts: 8767
Location: behind the sofa
|
This is probably true. Contrary to popular belief, houses only sell for what people can afford. Since desirable properties in prime locations are in high demand, it's the dinkys that set the price. _________________jonbwfc's law: "In any forum thread someone will, no matter what the subject, mention Firefly." When you're feeling too silly for x404, youRwired.net
|
| Sun Oct 14, 2012 9:56 am |
|
|
|
JohnSheridan
Doesn't have much of a life
Joined: Mon Apr 27, 2009 9:10 pm
Posts: 1057
|
I still live with my parents and I'm just over 40.
I could buy my own place but, tbh, I would feel lonely coming home to an empty house.
_________________
|
| Sun Oct 14, 2012 10:36 am |
|
|
|
pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
|
Been saving for over a decade and my only costly habit is the fizzy stuff , so I could afford to move out, but why bother? House prices were ridiculous to start with over here (in a country that deeply relies on the civil service, lower-paid jobs than that and enormous families), getting lower every few months whilst we're very close to another downturn, and mother dearest does all the sh1t I currently don't have to  If my father and sister could just fcuk off and have a fatal accident somewhere I wouldn't move out until I could nearly afford a house outright! _________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
|
| Sun Oct 14, 2012 11:12 am |
|
|
|
jonbwfc
What's a life?
Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
|
When I left uni 20 years ago, I couldn't afford to buy my own home. I'd had some really bad experiences renting as a student and didn't want to get into it again so I ended up staying with them for about five years while I got a deposit together. So I'm not sure things have actually changed all that much to be honest.
|
| Sun Oct 14, 2012 11:13 am |
|
|
|
Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
|
Not just double incomes but much higher income multiples. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
|
| Sun Oct 14, 2012 11:21 am |
|
|
