Quote:
Originally Posted by nomadking
At what point in past would anybody in that situation have been able to buy a house?
---------- Post added at 15:16 ---------- Previous post was at 15:12 ----------
Buying a house is meant be an aspiration, not a right. If you're not buying as a home only, then people should quit whinging about it. Eg You can't really complain about not being able to buy a 3 bed house, when you've just graduated and only yourself is going to be living there.
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You seem to be following the US model, where more often that not people are happy to rent something which has historically never been a part of the UK mindset.
You can complain however if you can't afford to buy a property because of an influx of second home buyers driving prices up to simply exorbitant levels. Or, you can complain if you're buying a ridiculously overpriced 1 bed flat due to its commutable distance to a major city.
---------- Post added at 16:56 ---------- Previous post was at 16:52 ----------
Quote:
Originally Posted by Carth
I know darn well I wouldn't be able to afford this house (3 bed detached with garage) if I was buying it now.
I also know that, even though its price is around 3.5 times what I paid for it, I couldn't afford to sell up and move elsewhere unless downsizing . . even if I was younger and still working.
I've also thought a few times when having a new bathroom, new kitchen, double glazing, electrics, central heating boiler, and all the fencing, that It would have cost me less if I was in a council house . . .  |
SWMBO's best mate lives in a council house (in one of the rougher areas of Boro) her and her husband probs pulling in between them £45k a year , they have two kids living at home, probs pay about $300 a month in rent for a three bed semi detached, with all the work covered, in the past year it's had new roof, new windows & doors.
Really really annoying when they could be easily paying a mortgage and freeing up that home for someone who actually needs it....