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Re: Of course young people can afford a home — just move somewhere cheaper, says Kirs
Quote:
Originally Posted by nomadking
I get annoyed when people keep talking about the "property ladder". As if the sole aim is to make easy money out of increasing house prices. It periodically ends up in tears when house prices crash, because not enough other people have the money to buy the houses with ever increasing costs. Same with any other sort of financial related crash, when nobody can or wants to buy, the price plummets.
If your only aim is to get on the property ladder as opposed to buying a home, then you should be prepared to make sacrifices and buy outside of London and other expensive areas,
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I think most people do it for split reasons (excluding B2L), 1. and predominantly to buy a home, 2. to have an asset to pass onto their children
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Nerves of steel, heart of gold, knob of butter......
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