Friday, Mar 02, 2007
21st Century Homeowners to move house 16 times during their life
Scotsman: Sixteen - the average number of homes you'll have in a lifetime
Another useless statistic, or is it? Gordon will love this one as it is potentially 16 lots of Stamp Duty. If climbing the housing ladder means moving 16x in this country I'll stay put thankyou.
Posted by enuii @ 05:01 PM (153 views) Add Comment
15 Comments
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1. paul said...
Lies, damn lies and statistics. Stop and think about it for a minute.
I once read a survey proclaiming that University graduates get paid significatnly more over their lifetimes than non-graduates. But if you stop and think about how the data has to be collected and the latency to get relevant data, I quickly realised that the results of the survey would have been out of date long before they were compiled and analysed.
For this sample data to be relevant, it will take 70-80 years worth of research. So the figures in today's papers have been compiled based on the PREVIOUS 70-80 years' results!
Well the news is that houses are now 6-7 times average income, so moving 16 times is probably no longer possible. Especially if no-one can afford to move now, and after getting up on the first rung, you find that it's a very short ladder!
Bunkum.
2. paul said...
Plus there's no indication of how many of the moves are people buying and how many are renting - the reason our parents moved less was because in their time all it took was a couple of hundred quid deposite and a firm handshake with their bank manager to secure their first home at 17 or 18 years of age!
Bunkum again.
3. Rimmer said...
Not sure if they have included foster kids or something here but for normal people its utter RUBBISH, for most people from cradle to grave it cant be more than 10 maximum ( on average that is )
4. daft boy said...
......and how many of these moves are forced through repossession and include halfway houses, cardboard boxes and old folks homes. Another load of halfwit rubbish from the Scotsman.
5. pedagog said...
"Their total property haul of 16 homes includes the houses of their childhood, university lodgings, rented flat shares, first time buys, family homes and finally downsizing for retirement."
In other words the headline figure isn't about the number of houses you buy. Only how many you have lived in. So it's really very believable after all.
More people go to uni these days. More people live in several different towns before settling. To stay in regular employment and get promotions when you're younger then you have to be mobile.
I lived in 2 houses as a child. 4 houses as a student at uni. My first job after uni I lived in 3 houses in two years. I then moved to the other end of the country where I worked for a year living in 1 more house. Then I moved 100 miles where I worked for six years living in 3 houses. The second of these two houses was the first house I ever bought (1997) which I traded up from after four years. I then moved job again and house. I now plan to move area and will probably sell and rent within the next month.
I'm only in my mid thirties and have clocked up 13 houses!
6. harold said...
Think of the stamp duty - nice little earner for the Treasury.
7. Utterlee said...
Well I'm 27, and I'm on house number 13. Come October, I'll be on house 14. That's renting and sharing in London for you. No hope of buying the way things are, so who knows how many places I'll end up living in over my life time - probably dozens.
8. pedagog said...
Of my 13 houses I've only paid stamp duty on two!
9. Indiablue19 said...
Been away from this crowd for awhile and return with hopeful news. Across the channel from here is a lovely place to live at reasonable rates. It's called France. Just bought a gorgeous stone farmhouse on two acres. Two huge lounges, lovely formal dining, commercial quality kitchen, three ensuite bedrooms, WC, formal entryhall, garage, attached barn and three grenier with hewn exposed beams for renovation, mains water and private well, cider press to be restored, stable with four stalls for horses, gas central heat, wifi/broadband/satellite dish, double glazing and french doors throughout -- for under 165,000 pounds and taxes less than 600 euros a year!. Five kilometres from major town and hypermarket, a half kilometer [walking distance] to village shops. Fabulous road and trains systems, top class health care,without waiting lists, amazing cuisine, lovely people. My recommendation is to drop this crazy "discussion" of the impossible and start encouraging British business to vacate for the real world. If you can study abroad -- do it. If you have an entrepreneurial company -- take it to France. Britain is already on the downside and still on the slide.
Crossed back over at Dover and driving North couldn't really take in the difference between the UK and a clean, organised, human being-friendly environment such as France. The bleakness of it, the deadness of it, the smog and smell over here. This is one filthy dirty place. The contrast just a few miles away in France is astonishing. Clean air, great roads, beautiful foliage, good water, lovely open land that you can AFFORD TO BUY, people who are friendly and welcoming. It's on the order of those on the site who remarked that their televisions broke. You quickly find there's no good reason to go back to living that way; no reason at all. Take a jog over to France and you'll make the same discovery. Great Britain really ain't so great. Don't break your back trying to afford to live in it.
10. indiablue19 said...
Been away from this crowd for awhile and return with hopeful news. Across the channel from here is a lovely place to live at reasonable rates. It's called France. Just bought a gorgeous stone farmhouse on two acres. Two huge lounges, lovely formal dining, commercial quality kitchen, three ensuite bedrooms, WC, formal entryhall, garage, attached barn and three grenier with hewn exposed beams for renovation, mains water and private well, cider press to be restored, stable with four stalls for horses, gas central heat, wifi/broadband/satellite dish, double glazing and french doors throughout -- for under 165,000 pounds and taxes less than 600 euros a year!. Five kilometres from major town and hypermarket, a half kilometer [walking distance] to village shops. Fabulous road and trains systems, top class health care,without waiting lists, amazing cuisine, lovely people. My recommendation is to drop this crazy "discussion" of the impossible and start encouraging British business to vacate for the real world. If you can study abroad -- do it. If you have an entrepreneurial company -- take it to France. Britain is already on the downside and still on the slide.
Crossed back over at Dover and driving North couldn't really take in the difference between the UK and a clean, organised, human being-friendly environment such as France. The bleakness of it, the deadness of it, the smog and smell over here. This is one filthy dirty place. The contrast just a few miles away in France is astonishing. Clean air, great roads, beautiful foliage, good water, lovely open land that you can AFFORD TO BUY, people who are friendly and welcoming. It's on the order of those on the site who remarked that their televisions broke. You quickly find there's no good reason to go back to living that way; no reason at all. Take a jog over to France and you'll make the same discovery. Great Britain really ain't so great. Don't break your back trying to afford to live in it.
11. larry pickleman said...
interesting stuff indiablue, i live in brighton, rent a semi for myself , wife and 3 kids, if we were to leave brighton we'd have to leave england...I like the sound of france and having my own couple of acres of space but then I love the culture of Brighton, it's an ace town...i can't afford to buy here at all, nearly did last year but glad i didn't sign up to that coffin mortgage...think i'll just spend another year in limbo...bahhh
12. Retired Banker said...
Indiablue- I quite agree about the contrast in living conditions, and France is much better placed to face the looming energy crisis
with 70% of its electricity generated by nuclear power, plus a large investment in an electrified railway system.
For many years I have been advising young people to emigrate. The decline of the UK becomes ever more obvious, and the
present Labour government has now inflicted irreversible damage on this poor old country.
Our politicians couldn't run a whelk-stall (with apologies to Tubby Isaacs).
13. monty said...
Strewth Paul, and here's me thinking that we currently have a glut of easy credit!! Those were the days, eh? At the tender age of 17 you could treat your girlfriend to a meal and the pictures for 5p and still have change for the deposit on a house. Given that the rate of home ownership in the UK was 49% in 1979 I somehow doubt there were very many mortgaged 17 year olds included in that number. (Living in the gatehouse on Daddy's estate doesn't count...)
Agreed Pedagog, I'm in my late 30s and now in home number 12. It's not the first time that some folk here have confused having a home with home ownership, deliberately or otherwise.
Welcome back Indiablue, even if it is just a fleeting visit.
14. indiablue19 said...
Thanks, Monty. I'll certainly check in now and then, despite vacating the premises, just to see how the House Wars are progressing. We leave family here, and will hope they can visit periodically, but time to get on in the ways that we can and make the most of life. A toast to all of you at the HPC site with sincere wishes that you also will find your way through the minefield to a home you own and enjoy! Meanwhile hoping you can, each and every one, hang onto the sense of wit and insightfulness that has made this site worthwhile and refreshing whilst pondering which way to leap.
15. dohousescrashinthewoods said...
Great to hear from you again indiablue, you confirm what I have sensed for a long time. My wife and I are looking to emigrate before they close the airports and the borders (shortly after introducing satellite-tracking implants..)
It's great to hear that there is a positive life elsewhere, we're not expecting perfect, but somewhere where our incomes can buy us a bit of enjoyment of life and not every new state initiative takes us deeper into darkness.
Apologies to those who do love the UK, for those who do, I think "fair play to you" enjoy it and make the most of it. For us it just doesn't seem to be not a place we can be happy and build a life. Just feels like we work half to death and then hemorrhage it all away on tax, bills and expensive basics. There has got to be a place we can enjoy freedom and the fruits of our labour.