5 minutes ago, Sweep said:

without a doubt - I know youngsters round here paying upwards of £300K for tiny 2 bed houses. They need about £30K deposit, as well as then having to take out 30 or 35 year mortgages. It's bonkers.

i know youre a fellow lbc er

 

2 years or so back, bloke was renting a house in that there london

he had a deposit and wanted to buy

 

house next door, mortgage would be 300 a month less and he would be on his way to owning it

but bank wouldnt give him the mortgage

2 minutes ago, Casino said:

i know youre a fellow lbc er

 

2 years or so back, bloke was renting a house in that there london

he had a deposit and wanted to buy

 

house next door, mortgage would be 300 a month less and he would be on his way to owning it

but bank wouldnt give him the mortgage

I think that's the problem in a lot of cases. Invariably people are paying over the odds for rented accommodation - and that extra money swallows up what they would have saved towards a deposit. 

I don't buy this idea that the youth of today are less industrious or don't understand deferred gratification. I just think the ask is way too much for some of these young people. 

Say something modest(ish) like a £150,000 house.  Typically you need 15% as a first time buyer. 

Say you both manage to save £100 a month towards your deposit. You're still looking at about 10 years before you're in a position to buy anything. And God help you if you're on your own. 20 odd years just to save the deposit.

Doesn't help when there are loads of people with 2 or 3 homes either......

There is a help to buy scheme for first time buyers to help folk get on the ladder.

 

 First Homes scheme: discounts for first-time buyers - GOV.UK (www.gov.uk)

2 minutes ago, Mounts Kipper said:

There is a help to buy scheme for first time buyers to help folk get on the ladder.

 

 First Homes scheme: discounts for first-time buyers - GOV.UK (www.gov.uk)

7 years or 14 years saving up then! 😁

Decent offer that though. Bit of a pain that you can only sell it to someone on the same scheme mind!

2 minutes ago, Mounts Kipper said:

There is a help to buy scheme for first time buyers to help folk get on the ladder.

 

 First Homes scheme: discounts for first-time buyers - GOV.UK (www.gov.uk)

I think that's getting pulled after tomorrow (end of tax year). I'm sure I spotted an article about it earlier

Just now, dave2980 said:

I think that's getting pulled after tomorrow (end of tax year). I'm sure I spotted an article about it earlier

Ahhh 🤣

1 minute ago, dave2980 said:

I think that's getting pulled after tomorrow (end of tax year). I'm sure I spotted an article about it earlier

 

Just now, kent_white said:

Ahhh 🤣

You can ignore me. I've just checked and the article was about getting this years bonus. You need to chuck £4k in by tomorrow to get it.

Just now, dave2980 said:

 

You can ignore me. I've just checked and the article was about getting this years bonus. You need to chuck £4k in by tomorrow to get it.

Bloody hell Dave! I've just withdrawn my offer! 😁

1 hour ago, kent_white said:

7 years or 14 years saving up then! 😁

Decent offer that though. Bit of a pain that you can only sell it to someone on the same scheme mind!

Its a sad fact of life that not everyone going to be able to afford buy their own house. 

Edited April 4, 20224 yr by Mounts Kipper

2 hours ago, Spider said:

£767 for Kensington?

Not having that

It's not all rich people. Remember Grenfell Tower was a K&C council property.

Also it is median and not mean.

15 minutes ago, Mounts Kipper said:

Its a sad fact of life that not everyone going to be able to afford buy their own house. 

That's a bit of a defeatist attitude. 

I'm sure we can do better for younger people than we're doing at the moment.

4 hours ago, Farrelli said:

A vote for brexit was a vote for Farage

Equally, a vote to Remain was a vote for Cameron.

18 minutes ago, MalcolmW said:

It's not all rich people. Remember Grenfell Tower was a K&C council property.

Also it is median and not mean.

I’d hazard a guess that the gap between the rich and poor in that area is a good deal more stark than up here

18 minutes ago, kent_white said:

That's a bit of a defeatist attitude. 

I'm sure we can do better for younger people than we're doing at the moment.

I think its just a fact not defeatist at all. 

4 hours ago, Farrelli said:

Read my post again. I’m not saying Mounts is anything other than misguided. 

He was guided by a rich groomer, he documented it on here, a lad from LH being allowed to play golf or eat 'lunch' at some posh ponce's house without using the tradesmen's entrance - anyone could be brainwashed.

20 minutes ago, ZiggyStardust said:

Equally, a vote to Remain was a vote for Cameron.

yes and all previous five PMs who saw the benefits of the free market and being in a large trading bloc.

4 minutes ago, Mounts Kipper said:

I think its just a fact not defeatist at all. 

Yes it has become a fact, but it wasn't always. The fact that those who have worked hard, who are bright and have decent wages can't afford to buy their own homes should be something that as as a country we should be doing something about, not just shrugging shoulders and going, ''oh well, times change.''

Key workers worrying about making ends meet, those going to foodbanks working two full time jobs - both facts, doesn't make it better. I thought you were all about the work hard, pull your socks up and get on with it attitude. Well, this is your moment - time to pull up our colective socks up and do something about this.

First thing, lets pressure our governmens into making affordable housing a key priority at the next election, lets look at jobs that pay a living wage rather than just judging success by unemployment numbers. Lets vote in those parties that look to be tackling these issues.

7 hours ago, Youri McAnespie said:

You can buy a flat in Manchester for about 60p if the building is cladded.

i do some work on one Block 

they are going for 80k but Rent wise they getting £850 a month 

to save replaceing the Cladding 

they have a Black lad there 24hrs a day 

listing for a smoke alarm going off 

9 minutes ago, Farrelli said:

yes and all previous five PMs who saw the benefits of the free market and being in a large trading bloc.

Oh, so a vote one way or the other wasnt just a vote for an individual and their political beliefs, as you suggested earler ?

 

 

10 minutes ago, Not in Crawley said:

Yes it has become a fact, but it wasn't always. The fact that those who have worked hard, who are bright and have decent wages can't afford to buy their own homes should be something that as as a country we should be doing something about, not just shrugging shoulders and going, ''oh well, times change.''

Key workers worrying about making ends meet, those going to foodbanks working two full time jobs - both facts, doesn't make it better. I thought you were all about the work hard, pull your socks up and get on with it attitude. Well, this is your moment - time to pull up our colective socks up and do something about this.

First thing, lets pressure our governmens into making affordable housing a key priority at the next election, lets look at jobs that pay a living wage rather than just judging success by unemployment numbers. Lets vote in those parties that look to be tackling these issues.

I especially love people who act like they’re Alan fucking Sugar or some kind of cunning entrepreneur simply because they remortgaged their house and bought a Q7 or a Range Rover.

Dont get me wrong, I’m grateful for the ‘luck’ I’ve had in being a homeowner and being in profit, but I wouldn’t dream of sneering at hard working young folk who are struggling.

Or saying it is what it is and then acting like I give a fuck when I dont.

12 minutes ago, Not in Crawley said:

Yes it has become a fact, but it wasn't always. The fact that those who have worked hard, who are bright and have decent wages can't afford to buy their own homes should be something that as as a country we should be doing something about, not just shrugging shoulders and going, ''oh well, times change.''

Key workers worrying about making ends meet, those going to foodbanks working two full time jobs - both facts, doesn't make it better. I thought you were all about the work hard, pull your socks up and get on with it attitude. Well, this is your moment - time to pull up our colective socks up and do something about this.

First thing, lets pressure our governmens into making affordable housing a key priority at the next election, lets look at jobs that pay a living wage rather than just judging success by unemployment numbers. Lets vote in those parties that look to be tackling these issues.

Owning property isn't for everyone, help should be given to those want to buy but ultimately not everyone will not have the will or the wherewithal to do it.  I think we are one of the leading countries for home ownership as it is.  

Aye theres a reason it all went tits up after they dolled out 100% mortgages to folk self certifying with £23 deposits for £100k houses. 

2 hours ago, kent_white said:

I think that's the problem in a lot of cases. Invariably people are paying over the odds for rented accommodation - and that extra money swallows up what they would have saved towards a deposit. 

I don't buy this idea that the youth of today are less industrious or don't understand deferred gratification. I just think the ask is way too much for some of these young people. 

Say something modest(ish) like a £150,000 house.  Typically you need 15% as a first time buyer. 

Say you both manage to save £100 a month towards your deposit. You're still looking at about 10 years before you're in a position to buy anything. And God help you if you're on your own. 20 odd years just to save the deposit.

Doesn't help when there are loads of people with 2 or 3 homes either......

I'm not floating around a big house in the winter, nor being cramped in small house in the summer. Saving £25 a week? A crackhead could possibly save more, they don't deserve to be owning a home of their own - twenty five sovs a week to 'save' pathetic.

3 hours ago, Casino said:

 

house next door, mortgage would be 300 a month less and he would be on his way to owning it

but bank wouldnt give him the mortgage

Similar to me when i first got on the market 

Went with shared ownership, 75% mortgage and 25% rent 

It would've been cheaper per month to pay outright, but couldn't get mortgage for 100%

Spent a fair bit on rent before finally being able to get the outstanding 25% 

 

Read the room Nigel.....