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Executive Sadman

What Should House Prices Be?

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Assume an average town (like aylesbury or maidstone) no more than 50 or 60 miles from London)

1-2 bed flat £40000-50000 (ie affordable on limited salary, must be a glut of these anyway)

2-3 Terrace £60000-70000

3 bed semi/small detached £80000-100000 (affordable for a young couple with limited to average incomes)

4 bed detached £125000+

Any ideas?

Might get all the opinions and work out an average. The headline £150,000 figure only tells us so much.

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A couple of year's work by semi skilled labour

They would that price if it weren't for the component of land monopoly

Edited by Stars

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Assume an average town (like aylesbury or maidstone) no more than 50 or 60 miles from London)

1-2 bed flat £40000-50000 (ie affordable on limited salary, must be a glut of these anyway)

2-3 Terrace £60000-70000

3 bed semi/small detached £80000-100000 (affordable for a young couple with limited to average incomes)

4 bed detached £125000+

Any ideas?

Might get all the opinions and work out an average. The headline £150,000 figure only tells us so much.

150 for a 2 bed flat there sounds about right.......

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150 for a 2 bed flat there sounds about right.......

no, id say more than 1000. Id say three years salary plus a deposit, say 40000.

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As much as the bank will lend you seems a popular choice.

Personally I'd go for a fair size deposit, 3.5x average earnings and none of this btl malarky but I'm too old fashioned - need to get into the spirit of this whole debt thing.

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No point adding to this thread.

It's just a dream.

Reality is a 3 bed semi will cost £200,000 ish.

Deal with it or stay in your bedsit.

that's ridiculous - over 15 times your annual income. how will future generations of sibleys be able to afford homes of their own?

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No point adding to this thread.

It's just a dream.

Reality is a 3 bed semi will cost £200,000 ish.

Deal with it or stay in your bedsit.

That seems a good price...never been to maidstone though...round these parts you won't get a 2 bed terrace for that price...looks like we have far further to fall IMO. ;)

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that's ridiculous - over 15 times your annual income. how will future generations of sibleys be able to afford homes of their own?

Sibley has visited the chopping block so no future Sibley's ;)

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Reality is a 3 bed semi will cost £200,000 ish.

Where do I sign?

In all seriousness, £175k for that sort of thing in the around-London-but-not-London area would strike as pretty sensible. 10%-20% deposit, and the mortgage would be perfectly payable long term (as opposed to the much higher sums that are payable short term).

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Assume an average town (like aylesbury or maidstone) no more than 50 or 60 miles from London)

1-2 bed flat £40000-50000 (ie affordable on limited salary, must be a glut of these anyway)

2-3 Terrace £60000-70000

3 bed semi/small detached £80000-100000 (affordable for a young couple with limited to average incomes)

4 bed detached £125000+

No doubt there are certain areas in the country where these prices exist, but I very much doubt there will be any decent paid work. Property prices and rents, reflect areas and schools in relation to the quality of life imo.

If house prices do collapse, then the country will have to go with them and there will be nothing for anyone anyway, it aint going to happen, Im not trying to put a damper on things, but Ive been watching property around the Broxbourne area in Hertfordshire and it aint happening, even though I really believed it would and posted in the house price section. Rents on little 3 bed terrace house are starting at £950 a month and there are people waiting to rent them to get there kids in the local school. The small houses start at £200K plus and they are not dropping.

Now if you pop down to a local council estate in Essex, you can have a 3 bed terrace for £120K, but not one of the nices places to live, so there are properties for sale at reasonable prices. If prices do drop, then I can upgrade nicely, but Ive give up hoping, its not gonna happen in my area, thats for sure.

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This government has failed our young working classes, totally utterly and completely...a small home (to rent or to buy) to bring up a small family is way beyond their reach in many of the towns they have been born and bred in live and work in.

Our kids and our young people are the future of our country...Why have they been let down by the greed of the greedy? Why has this been allowed to happen?

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Assume an average town (like aylesbury or maidstone) no more than 50 or 60 miles from London)

1-2 bed flat £40000-50000 (ie affordable on limited salary, must be a glut of these anyway)

2-3 Terrace £60000-70000

3 bed semi/small detached £80000-100000 (affordable for a young couple with limited to average incomes)

4 bed detached £125000+

Any ideas?

Might get all the opinions and work out an average. The headline £150,000 figure only tells us so much.

A bit on the low side I think.

1-2 bed flat £50,000-80,000

2-3 Terrace £90,000-125000

3 bed semi/small detached £12500-14500

4 bed detached £150,000+

a young couple with limited to average incomes should not really be able to afford a 3 bed semi, if things were 'perfect' they would be starting with a flat or a 2 bed terrace. In the last crash that was what my gf and I started with and that was fine. If prices were as cheap as you suggest then no-one would ever build houses anymore, it wouldn't be cost effective.

Not that, being a huge bear, I wouldn't complain if prices did drop that low, I hope you're right!

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This government has failed our young working classes, totally utterly and completely...a small home (to rent or to buy) to bring up a small family is way beyond their reach in many of the towns they have been born and bred in live and work in.

Our kids and our young people are the future of our country...Why have they been let down by the greed of the greedy? Why has this been allowed to happen?

The uk public were offered the poisoned chalice of money without work for holding houses, and they drank.

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This government has failed our young working classes, totally utterly and completely...a small home (to rent or to buy) to bring up a small family is way beyond their reach in many of the towns they have been born and bred in live and work in.

Our kids and our young people are the future of our country...Why have they been let down by the greed of the greedy? Why has this been allowed to happen?

Read the Fred Harrisons Books, its all in there, about Land Grab, Taxes. Explains how the Public Taxes are used to build infrastructure such as train lines which in turn increase the price of the Rich Mans Land and the Public get None of the profits from the Increase of the Value of that Land when Sold etc, its a big Con, all geared up to feed the Rich and Elite.

This Government may of went into office with good intentions, but its turned out how it always does, the Rich get Richer and the Poor get Poorer.

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Read the Fred Harrisons Books, its all in there, about Land Grab, Taxes. Explains how the Public Taxes are used to build infrastructure such as train lines which in turn increase the price of the Rich Mans Land and the Public get None of the profits from the Increase of the Value of that Land when Sold etc, its a big Con, all geared up to feed the Rich and Elite.

This Government may of went into office with good intentions, but its turned out how it always does, the Rich get Richer and the Poor get Poorer.

High powered jobs with fat pay packets pull people in from other places and push land/ house prices up...so you either have to keep up with them or leave.

Other options, stay living with parents or rent shared accommodation.....when you have children it is nice to have your mother/family around and close by for support, but being able to afford a small home of your own...what choices do young working people have to stay in the area they know and want to stay living in?

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