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By *tella Heels OP TV/TS
over a year ago
west here ford shire |
Nothing to do with swinging, but just started looking for somewhere for eldest to purchase she’s a teacher, it’s almost impossible as house prices are really a joke. I know I have a lot of equity in my own property, but seriously how are young professionals expected to afford to buy their own property?
I actually think the property market is way over priced |
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By (user no longer on site)
over a year ago
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I am a Property Manager for an Estate Agent and the only people buying at the moment are landlords with multiple properties already which they then buy to let out . Its very unfair you hardly see any first time buyers through the doors because as you said prices are ridiculous although they have come down slightly x |
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By *tella Heels OP TV/TS
over a year ago
west here ford shire |
"I am a Property Manager for an Estate Agent and the only people buying at the moment are landlords with multiple properties already which they then buy to let out . Its very unfair you hardly see any first time buyers through the doors because as you said prices are ridiculous although they have come down slightly x "
Well said
Glad someone in the property market agrees |
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I'm a teacher and it took me until M5 or 28k a year (5th year teachet) before I could afford the cost of running my little 2 bed semi in the West mids.
Unless you buy a shit tip it's incredibly hard. I saved for 10 years too and my place cost 143 but 3 years before sold for 127.
Takes 2 incomes to get a decent place. Public sector professionals starting out are screwed. House prices compared towards over 30 years are a joke. |
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By *orny PTMan
over a year ago
Peterborough |
We live in sad and sorry times. Housing stock is still in short supply and wages are not keeping up.
Houses are not for living in: they are for playing Monopoly as the normal investment products are not worth it. This was not how it was meant to be.
This means we are heading back to the Victorian era where renting is the norm and home ownership is for the privileged.
The likes of the Daily Mail and Express need to realise this and recognise that lower house prices are actually good news for potential buyers. No other purchases in life are shunned for being cheaper than last week/month/year.
"Cathy come home": if you've not seen this film, then you should. Times may have changed, but the lessons still haven't been learned.
BTW
I am renting and can not even afford private rents, TF for housing associations. Average rents are 45% of my wages...virtually impossible to get passed the usual estate agents' credit checks. Grrr!
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By (user no longer on site)
over a year ago
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"It's often cheaper to build your own rather than buy. But then you have to find sites and manage the project. You do get what you want that way"
That's true but you have to be able to find and buy the plot which makes this option unattainable for the average person.
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By (user no longer on site)
over a year ago
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It's crazy my son and his partner had a baby 2 years ago...both work full time and still can't afford to buy...And still living in her parents home so they can save up...as house prices here are very high. |
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By *tella Heels OP TV/TS
over a year ago
west here ford shire |
"A 2 bed for 160 seems expensive? That won't even get you a 2 bed flat or most one bed flats, yet alone a house where I live. "
Wage structure here is much different, this is an agricultural area, high salaries are £30-35k |
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The planning, the rules and regs are the problem, even if you have a sight to self build, you'll shell out over 60k before you even het ya shovel out, why the government like to make everything so expensive is beyond my comprehension |
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Although I could afford to buy, I'm happy renting personally. I get a nice place to live and if I decide I want to move for work or whatever I can be gone in a month. Some people gasp and get quite animated about that approach but it suits me. |
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By (user no longer on site)
over a year ago
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I purchased my own home 12 months ago. 3 bed semi £190,000. Living on my own I’m working on average 60 hrs a weeks just to be able to live comfortably. I saved hard all through my career in the army knowing one day I’ll be on civi street in this position. It’s tough for first time buyers and worse it’s getting. |
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By (user no longer on site)
over a year ago
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It all depends on what you want and where you are looking to be fair. My partner and I bought our first home last year. We were only 25 and jointly earning £30,000 a year with 2 young children and whilst renting. Saving for the deposit meant living really basically and working as much overtime as possible but we managed in just a couple of years. Ours is a large 3 bedroom and cost us less than £100,000 because it's an older house and needs some work doing over the next couple of years and it had a short lease, which meant we had to buy the freehold first to get the mortgage on it. |
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