Kind of sums it up nowadays

[Blunt Tool]

 

[LM]

That's capitalism for you🙁

 

[Bill]

I can remember when labour m2 cost more than all tiles m2...... I can remember when grout didn't cost more than adhesive per kg.

 

[Andy Allen]

TJ Can remember when dinosaurs roamed the earth !

 

[Time's Ran Out]

TJ Can remember when dinosaurs roamed the earth !

Yes - I saw Jurassic Park!

My Dad bought his first private property in 1958 for £1500 / a bungalow. We moved about 10 times around the country in the next 20 years, even living in a tent for the summer holidays in 1965 while his house was finalised. When he died 3 years ago at 90 he'd helped every one of his 3 sons get onto the property market - that's what having a family means!

 

[Flintstone]

I think it depends where you live, if you are around London and other southern areas then buying a house is probably impossible but if your up North it's possible if you want it

 

[Kyle Knowles]

Sounds like a great man John.
I'm 27 and I don't think I will ever have a mortgage.🙁

I feel the pain I've got a crap credit record I can't even get a van on credit I've had to get a credit card to build a credit history as I've never had credit for anything before

 

[Flintstone]

Get your self off to Suffolk David!

 

[Kyle Knowles]

Avg price of 3 bed semi where I am in Essex is over 330k
If you go just outside to Suffolk its 190k, It's mental

Move to Manchester u can get a house in the ghetto for about 20 pence

 

[Andy Allen]

Bought my first house for 27 grand ...a 1 bed terrace......sold that and bought the house I'm in now.......3 bed semi for 51 grand......ive paid the mortgage off ....which allows me more andysdays !!
However I feel sorry for my kids I don't feel they will have the same opportunities I did......and fear we will become a country of renters......rather than home owners..

 

[Ttt1601]

It is tough now to buy a house I'm in the south, I work my arse off to pay my rent and all bills so the Mrs can put her nurses wage ( appalling low for what she does) into savings and it's going to take about 2 years before we have a 20% deposit on a 3 bed house.

 

[John Benton]

Bought my first house for 27 grand ...a 1 bed terrace......sold that and bought the house I'm in now.......3 bed semi for 51 grand......ive paid the mortgage off ....which allows me more andysdays !!
However I feel sorry for my kids I don't feel they will have the same opportunities I did......and fear we will become a country of renters......rather than home owners..

Just remortgage Andy and then you can give a deposit to each of your children, and work until you're 80!!!!

 

[One Day]

Problems started when
1) The governments relaxed on the banks and they went crazy with lending to everyone and anyone who could make an X on a paper.
2) People started treating houses as investments rather than homes.
The housing / credit / car finance etc bubble should have burst in 2007 but fiscal diarrhoea (quantitive easing) has delayed it.....

(it's all a house of cards you know?!) 😵

 

[John Benton]

And anyone who couldn't see that there was going to be a financial crash must have been blind and stupid. How could you ever sustain lending people 5x combined salaries for mortgages, it was always going to burst, I'm surprised it wasn't much earlier.

 

[One Day]

I remember watching Gordon Brown say "no more boom and bust"...!

 

[John Benton]

More than once! Mr Prudent, eh?

 

[One Day]

More than once! Mr Prudent, eh?

I'll bet he's not struggling to get a mortgage or to remortgage 🙄

 

[John Benton]

All have their snouts in the trough

 

[Andy Allen]

Just remortgage Andy and then you can give a deposit to each of your children, and work until you're 80!!!!

Yes.....that's THERE plan...
I believe in the 'stand on your own two feet.' Saying....🙂

 

[Dumbo]

I feel the pain I've got a crap credit record I can't even get a van on credit I've had to get a credit card to build a credit history as I've never had credit for anything before

On building credit . If you when you buy something (sofa , washing machine etc) if there is an interest free option on buying it . Take it as it helps build credit history .

 

[Dumbo]

Move to Manchester u can get a house in the ghetto for about 20 pence

By all the houses for twenty pence and do them up so it's not a ghetto

 

[Time's Ran Out]

Never take credit!
Save till you can afford it and pay cash.
I didn't consider buying a house as credit, it was an investment and the loan was guaranteed against a increasing valuation.

 

[Dan]

View attachment 91071

It's actually worse than that a guy on 200k wouldn't get that property with even a 10% deposit without further equity in something. They'd want him to upgrade so they have collateral before giving him that.