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#1 JimDiGritz

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Posted 19 February 2012 - 05:48 PM

How to get on the property ladder before you hit 30

Lots of HPC comments starting to filter through into the MSM.. come and join the party!
Face the facts. Then act on them.

It's the only mantra I know, the only doctrine I have to offer you, and it's harder than you think, because I swear humans seem hardwired to do anything but.

Face the facts. Don't pray, don't wish, don't buy into centuries old dogma and dead rhetoric. Don't give in to your conditioning or your visions or your ******ed up sense of... whatever.

FACE THE FACTS. THEN ACT.

#2 Asheron

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Posted 19 February 2012 - 06:30 PM

How to get on the property ladder before you hit 30

Lots of HPC comments starting to filter through into the MSM.. come and join the party!


HAHA LOVE THIS POST............

Gold Bug

Today 04:43 PM



Yes absolutely. Must get the under 30's into debt slavery at the earliest opportunity. Never mind that houses are still 30 to 50% over valued, interest rates might well go into orbit, prices could crash anytime, pensions are invested in a grossly over priced stock market or government bonds which have all the security of an unarmoured Land Rover driving past an IED.
After all financial advisors have no vested interest in selling mortgages or propping up the property and pension market, have they?
Personally I'd go for precious metals, productive farmland and a second passport from Chile.

Edited by Asheron, 19 February 2012 - 06:30 PM.

Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#3 Asheron

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Posted 19 February 2012 - 06:36 PM

All those real estate *****ers at the end of the article who are spreading the ******** on twitter

Edited by Asheron, 19 February 2012 - 06:45 PM.

Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#4 cybernoid

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Posted 19 February 2012 - 07:37 PM

That woman is 40+

#5 strawbear

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Posted 19 February 2012 - 07:47 PM

There are some good negative comments about relying on the bank of mum and dad ,when they are going to need every penny as incomes and pensions are squeezed . My parents always told me if you cant afford it yourself you cant buy it. My grandfather always said never buy anything until you can afford it twice!!

#6 NEO72

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Posted 19 February 2012 - 10:14 PM

They also have around 2,000 worth of Tesco shares through John's employee share save scheme. However, Anna said after the price tumbled recently, she was concerned about the market falling further.


And then in the next breath:

Anna said they hoped to save 30,000 for a deposit on a 200,000, two-bedroom house


FFS!!

#7 Stay Beautiful

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Posted 19 February 2012 - 10:58 PM

From the comments: "There is no ladder". I'm sure i've read that somewhere else before.

#8 JustYield

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Posted 20 February 2012 - 03:44 AM

From the comments: "There is no ladder". I'm sure i've read that somewhere else before.


:D

#9 billybong

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Posted 20 February 2012 - 03:57 AM

We talk to two people in their twenties and asks our experts how they can best save for the future.


Bearing in mind of course that the governor of the Bank of England no less recently said that helping savers would put the UK in recession.

#10 JimDiGritz

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Posted 20 February 2012 - 07:48 AM

Oddly (!) the DT have removed this blog entry from the homepage and replaced it with an older one!..

Maybe the negative comments upset someone..
Face the facts. Then act on them.

It's the only mantra I know, the only doctrine I have to offer you, and it's harder than you think, because I swear humans seem hardwired to do anything but.

Face the facts. Don't pray, don't wish, don't buy into centuries old dogma and dead rhetoric. Don't give in to your conditioning or your visions or your ******ed up sense of... whatever.

FACE THE FACTS. THEN ACT.

#11 stuckmojo

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Posted 20 February 2012 - 09:02 AM

Good comments!
<!--coloro:#2E8B57--><span style="color:#2E8B57"><!--/coloro--><a href="http://idiotswallet.....blogspot.com/" target="_blank">My Blog on Finance, Property and Wine. </a><!--colorc--></span><!--/colorc-->

http://www.petitiono...e/petition.html

#12 aSecureTenant

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Posted 20 February 2012 - 09:15 AM

I see Sibley has got in there/..


This is a sad situation. Once the banks free lending up and make the 100% mortgage more easily available these youngsters will be able to get their dream home and secure their future.

House prices have risen 4.1% already this month. People must buy now or they will be priced out.


:lol:

"Capitalism has defeated communism. It is now well on its way to defeating democracy" ~ David Korten

“To think output and income can be raised by increasing the quantity of money, is like trying to get fat by buying a larger belt” ~ John Maynard Keynes 

 

Ignoring ALL UKIP and 'Election' threads on HPC until further notice


#13 Si1

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Posted 20 February 2012 - 09:31 AM

Anna, who earns 20,000 as a help desk administrator...struggles to save much because she spends around 900 each month on living costs.

To date, Anna has saved 2,500, which is deposited in a Santander e-saver Isa, and last year the couple bought a couple of ounces of gold. They also have around 2,000 worth of Tesco shares through John's employee share save scheme....

....

Anna said they hoped to save 30,000 for a deposit on a 200,000, two-bedroom house and were prepared to look further afield to suit their budget.


these people will always be poor

#14 Timak

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Posted 20 February 2012 - 09:37 AM

these people will always be poor


But they shouldn't be. In any other recent generation a couple both earning around the national average salary would be able to buy a reasonable house.

If you live in somewhere like Cambridge, for example, your living costs (rent+council tax+utilities+transport+food) will come to around 1200 a month for a couple (or about 1000 for an individual)
___________________________________________________________________________________________________The correct answer to every statement is "It's a little bit more complicated than that"

#15 Si1

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Posted 20 February 2012 - 09:45 AM

But they shouldn't be. In any other recent generation a couple both earning around the national average salary would be able to buy a reasonable house.

If you live in somewhere like Cambridge, for example, your living costs (rent+council tax+utilities+transport+food) will come to around 1200 a month for a couple (or about 1000 for an individual)


no they shouldn't, I agree, but even now on their incomes at this time in history they should not be either

they appear to have gone into shares when they were high, gold when it was high, and want to buy a house as soon as possible whislt prices are still high

in reality they are tactically avoiding opportunities and heading deliberately for the biggest pitfalls available

I think most people do this, so despite a lifetime of earning they end up with nothing

the boomers generation, outside the public sector, have very little as far as I can tell besides housing wealth, which they are holding onto and will lose as prices subside, for example, it is the way of things

it is something to do with the human condition

Edited by Si1, 20 February 2012 - 09:46 AM.





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