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Average F.t.b Is 37 - Updates...?

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The average FTB without help is now 37, or so we have oft been told. However, this figure seems to have been around for about a year now.

1.) who published this research?

2.) when wiill it be updated...?

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The average FTB without help is now 37, or so we have oft been told. However, this figure seems to have been around for about a year now.

1.) who published this research?

2.) when wiill it be updated...?

Also - How is it calculated... It always struck me as ****** - for the average to be that high you had to have a bunch of people buying in there mid to late 40's - I suspect that at least some of these are buying using profits from somewhere they have already sold, having spent 3-6months etc. renting in the meanwhile.

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The average FTB without help is now 37, or so we have oft been told. However, this figure seems to have been around for about a year now.

1.) who published this research?

2.) when wiill it be updated...?

That was last year. Now it's 62.

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Also - How is it calculated... It always struck me as ****** - for the average to be that high you had to have a bunch of people buying in there mid to late 40's - I suspect that at least some of these are buying using profits from somewhere they have already sold, having spent 3-6months etc. renting in the meanwhile.

Also why didn't they buy 10 or 15 years ago when prices were half?

Edited by Pent Up

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From my personal point of view im 33 almost 34. I earn just above average salary, based on 25,000, and have almost 10 grand in savings (would of been around 16-17K but was left with around 6K debt when I split from my ex wife...dont ask)

Im currently renting now after moving back home to sort out my finances for a while.

Ok so now Im left with a couple of options

Ideally Id like an average 3 bed semi as there just me with a bit of a garden. The ones in my price range approx 90k are in totally rubbish areas.

So Im stuck between renting for ever or buying a house Id probably either never sell or be stuck in a life of unhappiness.

So if there is a property crash in the next 2 years, im praying for about 20% as that would make the nicer ones around here affordable, Id be around 36-37

How depressing!

Saying that with the recent warnings from the PM about the economy and its based on HPI etc etc then I dont think 20% is unachievable. Not that I know about economics just common sense really

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The average FTB without help is now 37, or so we have oft been told. However, this figure seems to have been around for about a year now.

1.) who published this research?

2.) when wiill it be updated...?

.. and as a 37 year old, does this mean I have to buy a house?

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.. and as a 37 year old, does this mean I have to buy a house?

Yes.

It is your moral duty to your comrades, your country and your Queen.

*stands for national anthem*

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From my personal point of view im 33 almost 34. I earn just above average salary, based on 25,000, and have almost 10 grand in savings (would of been around 16-17K but was left with around 6K debt when I split from my ex wife...dont ask)

Im currently renting now after moving back home to sort out my finances for a while.

Ok so now Im left with a couple of options

Ideally Id like an average 3 bed semi as there just me with a bit of a garden. The ones in my price range approx 90k are in totally rubbish areas.

So Im stuck between renting for ever or buying a house Id probably either never sell or be stuck in a life of unhappiness.

So if there is a property crash in the next 2 years, im praying for about 20% as that would make the nicer ones around here affordable, Id be around 36-37

How depressing!

Saying that with the recent warnings from the PM about the economy and its based on HPI etc etc then I dont think 20% is unachievable. Not that I know about economics just common sense really

Hmmm. I'm going to take a bull's standpoint here - if everyone in your position wanted a three bedroom house, then there really isn't enough property on this island. If you're planning to move in there with someone else and a little one, then I might have more sympathy for your situation.

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Yes.

It is your moral duty to your comrades, your country and your Queen.

*stands for national anthem*

Hell, I'll buy 3.

When they ask about my income, how truthful should I be?

Very

Not Very

Complete Lie?

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Also why didn't they buy 10 or 15 years ago when prices were half?

'cos we were priced out in the 1980s bubble (when rentals were a whole lot more horrendous than today, too) and fled the country, thus missing out on 1990s low prices.

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Because they'd just come out of university?

My situation exactly.

A couple of years ago, I helped a mate remove some carpets from his house. Underneath were the property pages from the local rag at the time I was just graduating from university nearby. I wanted to weep.

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Also - How is it calculated... It always struck me as ****** - for the average to be that high you had to have a bunch of people buying in there mid to late 40's - I suspect that at least some of these are buying using profits from somewhere they have already sold, having spent 3-6months etc. renting in the meanwhile.

You misunderstand, that's the age of THE first time buyer, i.e. the only FTB that they've actually approved in the last 18 months :P

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These were from the CML published stats.

That figure is a median - ie 50% fall at or below that age - as are the salaries associated with it.

I used to download and play with the numbers till late 2007 when they made it members only.

Here is the last thing I put together, hope it helps. The age is missing, but it does show how the divergence from national median salary diverged RAPIDLY under labours 'governance'.

http://www.housepricecrash.co.uk/forum/index.php?app=core&module=attach&section=attach&attach_rel_module=post&attach_id=5499

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Also why didn't they buy 10 or 15 years ago when prices were half?

Suggest you search BBC for 2001 house price stories, this is a good start:

http://news.bbc.co.uk/1/hi/business/1689334.stm

Average earners have been priced out of the housing market in many areas of the country, according to a new survey.

New figures show that in 120 out of 171 counties and unitary authorities, purchasing a home is beyond an average man's wage.

It's a mistake to think the bubble was a 2003 - 2007 phenomenon; really most of the damage (at least in the SE) was done in 1997 - 2003.

You've really got a whole generation of people born mid 70s onwards who've never been close to being able to buy anything vaguely acceptable.

Edited by Goat

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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