This, I do not believe!
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You forgot that the garden is so small that if you have a barbecue you have to turn the food through the kitchen window.
Ideological Purity is no substitute for being able to stick your thumb down a pipe to stop the water
:) and the smoke fumes the neighbours washing! :) But anyway, at least it is something of a garden to muck around in. I hate what happened to Britain in respectof housing in the last 20 years. OK, we aparantly did well out of it, our place there is paid off and worth 130 streling, 15 down form the peak, but I feel very sorry for the social injustice the whole thing caused, and the financial mess it is responsible for us being in now.
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You forgot that the garden is so small that if you have a barbecue you have to turn the food through the kitchen window.
Ideological Purity is no substitute for being able to stick your thumb down a pipe to stop the water
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Go and live in DR Congo, pleny of space for houses there.
Software Kinetics Wear a hard hat it's under construction
Metro RSS -
The UK? My big concern about the inaffordability of house prices I saw in the UK with families increasingly forced to live in small, badly insulated (for sound) flats, with children having no garden to play in, and neighbours impingeing on each other purely because of the lack of space (ie stingyness of the developer) is the social issues and tension it causes. It is unjust and unfair in every way, and governments must make it a basic right for a family to have accomodation of a decent size with propper facilities and it should enforce that through legislation.
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Yep, specifically Peterborough. It's frustrating for me and my missus, we're both young (25), in well paying stable jobs, very comfortably covering our rent. Our problem is the deposit. From what I can gather, we need something in the region of 40k for anything other than a new build. We're saving hard, but it's going to take a while, and in the mean time we throw our money away paying someone else's mortgage.
He who makes a beast out of himself gets rid of the pain of being a man.
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Yep, specifically Peterborough. It's frustrating for me and my missus, we're both young (25), in well paying stable jobs, very comfortably covering our rent. Our problem is the deposit. From what I can gather, we need something in the region of 40k for anything other than a new build. We're saving hard, but it's going to take a while, and in the mean time we throw our money away paying someone else's mortgage.
He who makes a beast out of himself gets rid of the pain of being a man.
What percentage is theat 40k, cant be 15% surely? (I mean, thats a super expensive house based on the assumption that lenders are looking for a 15% deposit these days). Still, at least you have work. On the continent renting is far more popular, thetre isnt the desire to own like in the UK. Other interesting factors are legal debt levels. In France you cant be more than 33% of youyr net in debt. So if you take home 3k a month your total outgoings on loans cant be more than 1k. You also need a good deposit, 15% is the norm. Plus mortgage terms are usualy 20 years. ALl this keeps prices low, since the cash isnt there to push them up. But it also means the owner has 66% cash each month to soend on what ever else he likes. So this actually benefits the economy since it is spent in restaurants, holidays, etc. In the UK, where housing often takes up 50% of net, there is less cash to spend elsewhere. You can see why I think the UK has gone badly wrong.
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What percentage is theat 40k, cant be 15% surely? (I mean, thats a super expensive house based on the assumption that lenders are looking for a 15% deposit these days). Still, at least you have work. On the continent renting is far more popular, thetre isnt the desire to own like in the UK. Other interesting factors are legal debt levels. In France you cant be more than 33% of youyr net in debt. So if you take home 3k a month your total outgoings on loans cant be more than 1k. You also need a good deposit, 15% is the norm. Plus mortgage terms are usualy 20 years. ALl this keeps prices low, since the cash isnt there to push them up. But it also means the owner has 66% cash each month to soend on what ever else he likes. So this actually benefits the economy since it is spent in restaurants, holidays, etc. In the UK, where housing often takes up 50% of net, there is less cash to spend elsewhere. You can see why I think the UK has gone badly wrong.
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UK is rotten to the core, over population, high number of immigrants, too many people living off the goverment - it's a complete mess. I hope to join the migrants club and get the hell off this island in the next 15 years.
Software Kinetics Wear a hard hat it's under construction
Metro RSS -
UK is rotten to the core, over population, high number of immigrants, too many people living off the goverment - it's a complete mess. I hope to join the migrants club and get the hell off this island in the next 15 years.
Software Kinetics Wear a hard hat it's under construction
Metro RSS -
Norm .net wrote:
high number of immigrants
Norm .net wrote:
I hope to join the migrants club
:)
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Average price for a 3 bed semi is now £250,000 Average Salary is about £35,000 So husband and wife both on average salaries earn £70,000 per annum. For an affordable mortgage it should be no more than three times income. Thus £210,000, but assume there is a deposit of at least £40,000 then the average house is affordable to the average couple. No problem.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
Couldn't disagree more, you evidently haven't tried getting a mortgage recently, without an existing home to get you started its near impossible getting a first-time mortgage. That said, while potentially in the target group for this initiative, it does remind me of the Bush governments attempts to encourage lenders to provide mortgages to all-comers and that led to the current economic crisis. Not quite as ill-thought out, but not too far off. Further, with the average salary at £25000, you can bet that the mean is somewhere under £20K - any fule no that averages are distorted by particularly high and low figures, remember if, out of 100 numbers, one is 1000000 and the remainder are 1, the average comes out at 10000.99. I suspect this distorts the average salary upwards, as there are a fair few earners in the "ridiculously high" bracket. Personally, I believe it's beyond time for a housing bubble to burst - its been overdue a number of years now. It's the only way I can anticipate getting on the housing ladder (in an area I'd actually consider living in).
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UK is rotten to the core, over population, high number of immigrants, too many people living off the goverment - it's a complete mess. I hope to join the migrants club and get the hell off this island in the next 15 years.
Software Kinetics Wear a hard hat it's under construction
Metro RSSI hope as an immigrant in another country, you are doomed to the same reception as you'd give them here. (I doubt it though, the rest of world has more civilised attitudes to such migration in my experience).
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I hope as an immigrant in another country, you are doomed to the same reception as you'd give them here. (I doubt it though, the rest of world has more civilised attitudes to such migration in my experience).
I'm happy and welcoming for different ethnic groups to our country where there is business and jobs for them, what I don't agree with is the influx of immigrant who to come to our county for a free ride, leaching of the few people left who do work for a living.
Software Kinetics Wear a hard hat it's under construction
Metro RSS -
Norm .net wrote:
Devaluation won't occur,
Have you been living on Jupiter for 4 years? :) It has happened already, not in London, admittedly, but other regions have seen drops of up to 30%, which is entirely expected in a market correction. And yes, even if digit figure remain the same, the inflation brought on by QE will devaule house proces, but dont ecxpect much activity for at least 5 years.
Norm .net wrote:
Nobody is prepare to take a drop - would you?
When unemployment kicks in and houses get repossesed, the 'owner' has no choice...
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Those losses are disproportionately concentrated in places where they were the worst excesses of the bubble, like those big shiny blocks of 'executive' riverside flats they put up in places like Leeds. I'm from the North (Yorkshire) and prices around us have been stable, roughly, since 2007.
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Those losses are disproportionately concentrated in places where they were the worst excesses of the bubble, like those big shiny blocks of 'executive' riverside flats they put up in places like Leeds. I'm from the North (Yorkshire) and prices around us have been stable, roughly, since 2007.
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It does, but there is an ever increasing population, so there is always a demand for housing. I work in the sector, and we, in the UK, are not building nearly enough houses, so there is always going to be a scarcity, and therefore always a high price.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
There are something like 1,000,000 empty houses in the UK. Why exactly we are building more instead of trying to increase the utilisation of the ones we already have? The law should be changed to let local councils commandeer houses that lie empty for too long and bring them back into use, and until the total utilisation reaches near capacity, we do not need a big drive to build new houses.
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There are something like 1,000,000 empty houses in the UK. Why exactly we are building more instead of trying to increase the utilisation of the ones we already have? The law should be changed to let local councils commandeer houses that lie empty for too long and bring them back into use, and until the total utilisation reaches near capacity, we do not need a big drive to build new houses.
Why should the state have the right to confiscate your goods and chattels? If you own it, it should be up to you to do what you want with it. Anything else is Communism.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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Why should the state have the right to confiscate your goods and chattels? If you own it, it should be up to you to do what you want with it. Anything else is Communism.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
:thumbsup:
There is only one Vera Farmiga and Salma Hayek is her prophet! Advertise here – minimum three posts per day are guaranteed.
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Why should the state have the right to confiscate your goods and chattels? If you own it, it should be up to you to do what you want with it. Anything else is Communism.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
Because it is acting against the common good in a way that will ultimately result in the whole of our island being covered in concrete. For myself, I'd rather leave at a green and pleasant land for our descendents to live in.
