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"just 43 Homes On The Market Affordable For First-Time Buyers In London"

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Really getting tired of the term 'affordable' being bandied around without any mention/debate as to why housing (shelter - basic need) is 'unaffordable.' Basically means in political non-speak: keep prices high, subside with tax payer money or deferred lending schemes. Fill our boots while we can.

Saw a TV debate last night with young people, they really have no idea what has been done to them.

The LibDems have this ridiculous 'Help-to-Rent' scheme - imagine a landlord owning a house but being obliged to give it up!

Build more council houses - very cheap - and be done with it. Not rocket science.

Edited by tinker

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Yes, the young clearly need easier access to credit. How dare they be deprived of it. Isn't against their human rights?

Back in my day you could get a 125% mortgage with no questions asked. Ah, the good old days before that financial crisis that started in America happened.

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Apparently there are no houses affordable to first time buyers in Cambridge.

It is just a plain lie. Youngsters nowadays just want everything handed to them on a plate.

You can pick up an ex-railway workers cottage that needs a bit of work in Cambridge for a very reasonable price. In fact I know someone who lives on this very street whose parents were able to buy them one of these houses about 20 years ago for about 2x the average salary.

http://www.rightmove.co.uk/property-for-sale/property-49668718.html

By the way the fact the walls actually form part of a pubs garden shouldn't put you off. What do you expect for that price?!

Edited by Timak

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Apparently there are no houses affordable to first time buyers in Cambridge.

It is just a plain lie. Youngsters nowadays just want everything handed to them on a plate.

You can pick up an ex-railway workers cottage that needs a bit of work in Cambridge for a very reasonable price. In fact I know someone who lives on this very street whose parents were able to buy them one of these houses about 20 years ago for about 2x the average salary.

http://www.rightmove.co.uk/property-for-sale/property-49668718.html

By the way the fact the walls actually form part of a pubs garden shouldn't put you off. What do you expect for that price?!

:lol:

Looks like people park their bikes up, and general meeting point, right next to the house. Maybe something to do with that 'Hot Numbers' coffee and jazz place just across the way.

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You can pick up an ex-railway workers cottage that needs a bit of work in Cambridge for a very reasonable price. In fact I know someone who lives on this very street whose parents were able to buy them one of these houses about 20 years ago for about 2x the average salary.

http://www.rightmove.co.uk/property-for-sale/property-49668718.html

By the way the fact the walls actually form part of a pubs garden shouldn't put you off. What do you expect for that price?!

What a dump...and that for only £750.000. Unbelievable.

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Apparently there are no houses affordable to first time buyers in Cambridge.

It is just a plain lie. Youngsters nowadays just want everything handed to them on a plate.

You can pick up an ex-railway workers cottage that needs a bit of work in Cambridge for a very reasonable price. In fact I know someone who lives on this very street whose parents were able to buy them one of these houses about 20 years ago for about 2x the average salary.

http://www.rightmove.co.uk/property-for-sale/property-49668718.html

By the way the fact the walls actually form part of a pubs garden shouldn't put you off. What do you expect for that price?!

Chap (FTB) I know of on nearly twice the average salary just bought a flat in Arbury, so it is possible.

Of course he has to rent out the box room and also the lounge area to tenants for the next 20 years to pay the mortgage...so he'll be 52 when he can think about starting a family...so perhaps not a 'family' home. :lol:

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What a dump...and that for only £750.000. Unbelievable.

Off mill road too, so lots of vomiting English students and awful rap music played nice and loud by the arab students.

Admittedly the council seems to have killed all the tramps or something, which is good. A few years ago Cambridge was full of aggressive beggars. Few of late though...been replaced by romanian pickpockets.

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The one small bit of hope is that the mainstream media is finally picking up on the situation. BBC London tv news last night had a feature on a young family that had had to move in with in-laws because they couldn't afford a house in London.

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The one small bit of hope is that the mainstream media is finally picking up on the situation. BBC London tv news last night had a feature on a young family that had had to move in with in-laws because they couldn't afford a house in London.

Do you have a link for that, of course if Labour win then the Guardian, BBC etc will ignore the problem for another 5 years.

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Do you have a link for that, of course if Labour win then the Guardian, BBC etc will ignore the problem for another 5 years.

When Labour were in office (pre-election 2005), much was made of building homes for sale at £60,000 (in London). Another Prescott housing failure. This is a problem that has been around a while... gets brought out to garner a few votes, then the bankers and the party doners have a word.

http://www.thisismoney.co.uk/money/mortgageshome/article-1607980/60000-homes-go-on-sale-for-175000.html

Edited by tinker

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They should have an East Herts "open day"... just think of the price that that one house could "achieve".

Rage.

An open day is already the new normal round here. As I don't know where else to post them...

There is no UK "housing crisis" and there never was one vs rebuttal: Is there a housing crisis ?

Both miss the point imo, which is pretty well summarised in the latter's comments by 'ben jamin'.

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An open day is already the new normal round here. As I don't know where else to post them...

There is no UK "housing crisis" and there never was one vs rebuttal: Is there a housing crisis ?

Both miss the point imo, which is pretty well summarised in the latter's comments by 'ben jamin'.

Weird - what really is 'there is no housing crisis' really about ? What is his angle ?

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Weird - what really is 'there is no housing crisis' really about ? What is his angle ?

Probably his client base and/or net worth balance. I just posted them as contrasting views summing up the extent of growing debate, yet lack of genuine analysis or honest appraisal of basic economic or fiscal dimensions on either side.

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Weirda - what really is 'there is no housing crisis' really about ? What is his angle ?

It's the monetarist charlatan and bankster slut Andrew Lillico, one-time Hpc posterboy. His chief claim to fame was forecasting 8% interest rates for 2012 or thereabouts. His argument viz rents applies only to long-term tenancies. New tenants and those who are frequently obliged to move have experienced rent inflation well in excess of cpi - itself an unreliable and hedonically adjusted metric.

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