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Re: Can young people can afford a home? Move somewhere cheaper!
A quick search on Right Move for properties within 40 miles of me, in West Yorkshire, yielded 237 semi-detached / terraced houses available for £50,000.
They may not be the most desirable properties in the most desirable locations but they are out there.
What people are complaining about is that there are few houses they would want in areas they would want to live.
That’s very different to saying there isn’t any affordable houses out there, just not affordable where people want to live.
It will obviously vary around the country.
I bought my first property for £55K in 1999, and paid top dollar for a 2up, 1 down end terrace but that end terrace had small area to the side, enough to extend. So we extended. I sold it in 2008, just weeks before the crash for £210K
I had to borrow the £5K deposit as a personal loan, naughty naughty!!
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The wheel's still turning but the hamsters dead.
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