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lewissheridan

Who Are You And What Is Your Strategy ?

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Ok I'll start.

Status: First-Time Buyer

Age: 26

Deposit: £5000

Region: Surrey

Housing Requirement: 2-bed semi/terraced/flat - Wife and baby.

Borrowing capability: £105,000

Avg. price of home required: £150,000

Willing to spend: £130,000

Contingency/Strategy:

-Rent for 5 years max to try and weather the storm and try to grow my deposit.

-Possibly emmigrate in 5 years if the market does not correct itself.

-Pray and hope for massive wage inflation, or a house price crash.

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Ok Me next.

Status: First-Time Buyer/renter

Age: 36

Deposit: Every morning

Region: WC

Housing Requirement: 2-bed semi/terraced/flat with built in Wife and baby.

Borrowing capability: £5,000

Avg. price of home required: £11,150,000

Willing to spend: £30,000

Contingency/Strategy:

-Rent for ages to try and weather the storm and try to grow my weed.

-Possibly emmigrate to rugby in 5 years if the market does not correct itself.

-Pray and hope for massive wage inflation, or a house price crash caused by god.

Chassis:

alloy composite.

Suspension:

electro-hydraulic

Steering:

rack and pinion.

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Status: Renting

Deposit: 150

Region: SW8

Housing requirement: At least a 2 bed please

Borrowing capability: £200,000 (3.5 times joint salary!)

Avg. price of home required: £250,000

Willing to spend: £150000

Contingency/Strategy:

-Do more important things like job and baby-making

-Wait indefinitely

-If no crash, retire aged 70 in a caravan in North Devon

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Status: active crime in situ

Deposit: 150 20mm rounds

Region: SW8

Housing requirement: none

Borrowing capability: none

Avg. price of home required: £250,000

Willing to spend: none

Contingency/Strategy:

to mastermind an international fraud network.

[enter bozzmallox 4. the new robo community officer]

"please put down you weapon....you have 20 seconds to comply....

"no bozzmallox...."

"switch it off..."

...10 seconds to comply.....

"i cant switch it off. throw down you weapon.."

..5 seconds.....

"no..no...bozzmallox..no !!"

RATATATATATA,.......

--------------------

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Guest Bart of Darkness

Status: Quo

Age: Relative

Deposit: Lost

Region: One of your friends in the North

Housing Requirement: No DHS.

Borrowing capability: Infinite it wooud seem judging by the mail I recieve.

Avg. price of home required: No secret volcano HQs listed on Rightmove (sh1te they are).

Willing to spend: 100 million dollars

Contingency/Strategy:

-Freeze myself for 20 years until prices are more reasonable.

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Status: Housesharing

Deposit: will have 50K by end of summer after 4 years of saving

Region: N5/N5/N15

Housing requirement: At least a 2 bed please.

Borrowing capability: 182k (3.5 x salary)

Avg. price of home required: £210,000ish

Willing to spend: £175000

Contingency/Strategy:

-Become rockstar

Edited by stillill

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Ok ok -geniuses are close to madness or something like that..

Status: First-Time Buyer

Age: 27

Deposit: £5000 - but can use up other funds if pushed to £10K

Region: South

Housing Requirement: 2-bed terraced/2 bed flat

Borrowing capability: ???? Skies the limit with IO mortgage

Avg. price of home required: £ 120,000

Willing to spend: £90K

Contingency/Strategy:

-Rent for 4 years max to try and weather the storm and try to grow my deposit.

-Possibly emmigrate in 4 years if the market does not correct itself.

- OR If prices dont plummet, buy in 4 years whatevers available. (i.e given up and become a bull) I am sorry.

- OR Otherwise Inherit the family home in 40 years if prices dont fall :lol:

Edited by notanewmember

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Status : Housesharing for peanuts

Status: First-Time Buyer

Age: 27

Deposit: £29,000

Region: Midlands

Housing Requirement: Large house, so i can rent out spare rooms

Borrowing capability: £134,000

Avg. price of home required: £200,000

Willing to spend: £134,000

Continue to save at a frightening rate, aim to save at an even bigger rate

Continue to set up my own weekends and evenings business

Look for an even better paid day job so i can save even more

If things stagnate or rise i leave the uk with my money

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40 Yrs old, wife, 2 v young kids.

STR buying back

£400K deposit

Could borrow - ridiculously large amount (approx £1.2 million)

Will borrow - £350K - £400K

Will buy v soon - 5 bed house plus land Warwickshire.

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29 Year old FTB's

Current deposit: circa £150,000

Target deposit: (end 2006) £180,000 - £200,000

Amount we could borrow @3.5x: £300K

Amount we are going to borrow: £0

Looking to buy: 2 bedroom house with drive and pref garage.

Area: SE London/NW Kent

Will not buy until market corrects by at least circa 20% and returns to 2002/2003 prices.

Looking at the unfolding events, this will likely be 2007, but need to see some drops later this year.

Will then move up "ladder" by saving and never paying £1 interest to banks for rest of life.

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Guest Winners and Losers

29 Year old FTB's

Current deposit: circa £150,000

Target deposit: (end 2006) £180,000 - £200,000

Amount we could borrow @3.5x: £300K

Amount we are going to borrow: £0

Looking to buy: 2 bedroom house with drive and pref garage.

Area: SE London/NW Kent

Will not buy until market corrects by at least circa 20% and returns to 2002/2003 prices.

Looking at the unfolding events, this will likely be 2007, but need to see some drops later this year.

Will then move up "ladder" by saving and never paying £1 interest to banks for rest of life.

Where do 29 year FTB's get this kind of deposit from?????? That is a lot of saving!

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40 year old FTB

Current deposit: £45K

Target deposit: (end 2006 £65K) (end 2007 £95K)

Amount I could borrow @3.5x: £157K

Amount I am going to borrow: As little as possible - under 50K

Looking to buy: 3 bedroom house

Area: Northampton

Strategy:

Save more, Buy less.

I won't buy until the market corrects by at least 20 - 25%

Moved back in with parents at age 40! Yes it's terrible!!

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35 year old

deposit 13.5k

amount i could borrow= nothing

mortgage required = none

amount im going to borrow = none

looking to become a travelling salesman for next couple years living in hotels, will buy when i have enough money for the cheapest place in the uk ie 20k

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Status: First-Time Buyer

Age: 30

Deposit: £36,000

Region: Surrey

Contingency/Strategy:

-Use my deposit to re-train as a chiropractor instead of wasting on housing, give up caring about house prices for the next 5 - 10 years. Career and life quality far more important. Would rather shed the shackles of meaningless office work llife than have my 'own home'

-Buy property in 10 years time when it's cheap.

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Guest Winners and Losers

Status: First-Time Buyer

Age: 30

Deposit: £36,000

Region: Surrey

Contingency/Strategy:

-Use my deposit to re-train as a chiropractor instead of wasting on housing, give up caring about house prices for the next 5 - 10 years. Career and life quality far more important. Would rather shed the shackles of meaningless office work llife than have my 'own home'

-Buy property in 10 years time when it's cheap.

Gee, are you sure you want to miss the buy now boat?? Not many places left. I mean, prices only EVER go up, think about the LONG TERM - I'm just joking by the way!

Good for you! ;)

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Status: house share - First-Time Buyer

Age: 26

Deposit: £25000 - 35000

Region: Hertfordshire

Housing Requirement: 1/2-bed semi/terraced/flat - Single

Avg. price of home required: £170,000

Willing to spend: £130,000

Contingency/Strategy:

-Travelling for 18months -2 years (working in aus for 6months)

-Come back after 2 years, build deposit.

-Possibly emmigrate in 5 years if the market does not correct itself.

Edited by CrashBear

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Where do 29 year FTB's get this kind of deposit from?????? That is a lot of saving!

It is indeed a hell of a lot of saving. 5 years worth, including 2 years of living with parents (moved back for other family reasons) but now am able to save over £4,000 per month. Not much of a lifestyle either for the last few years. It has taken it's toll, but will be worth it over the longer term.

I know how very lucky we are and we have had to make many sacrifices. We will therefore not be flushing £1 of that money down the bog, or giving it to some scummer who has lived a lifestyle on credit that we are paying for.

Edited by BubbleTurbo

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Status: First-Time Buyer/renter

Age: 30

Deposit: £60K

Region: London

Housing Requirement: 2/ 3 bedroom flat / house

Borrowing capability: Hmmm..not looked into how much I could borrow recently, but would be a lot. What I would be prepared to borrow is another thing altogether.

Avg. price of home required: £300,000 - £350,000

Willing to spend:Don't want to borrow such an amount that I'm stuck in a certain job career for the rest of my workng life !! Therefore 3.5 * 35K = £122,500

Contingency/Strategy:

- Like a lot here I'm not prepared to buy and am not prepared to rush into it (acceptance) I'm happy waiting now for the next five years.

- At the moment my deposit is going up steadily each month and there are far better places to invest cash at the moment

- Ideally would like to put down £50-100 K on a do-eer upper at the point when everybodies saying don't buy..

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Status: First-Time Buyer

Age: 25

Deposit: £7500

Region: Essex

Housing Requirement: 2-bed semi/terraced - Child & Fiancee

Borrowing capability: £170,000

Avg. price of home required: £220,000

Willing to spend: £145,000

Contingency/Strategy:

Wait and hope.

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Status: First-Time Buyer

Age: 27

Deposit: currently £40,000 and increasing fast in emerging mkts (either way im better of waiting)

Region: Canary Wharf London

Housing Requirement: 2-bed flat - for me and GF and spare room for friends.

Borrowing capability: not even bothered trying recently as no intention to buy yet

Avg. price of home required: back down to trend line at least say when av. price is 120k

Willing to spend: 250k on a flat that my landlords trying (for 6 months) to sell for 375k

Contingency/Strategy:

-Can afford to buy now but not interested in paying top dollar for overpriced assets.

-Rent until HPC - it WILL/IS happening.

-or leave the country in 5 years if the market does not correct itself.

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status - first time buyer/currently house sharing

age - 30

borrowing power - £110,000 approx.

deposit - £5,000 currently

property required - 2 bed terrace

region - sheffield

avg. price for property of type - 120,000

plan - rent for at least 4 years, whilst turning current deposit into at least £25,000

buy when market approaches bottom - i'm not willing to pay a penny above £70,000 for the sorts of properties we require, which are imho overpriced by nearly 50%

laugh at the fools who are shelling out £200,000 for city centre flats for 'urbanites'

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Age: 23

Deposit: none

Target Deposit: However much I have when the time is right.

Region: North, North

Housing requirement: large enough for one double bed

Borrowing capability: Borrowing?

Avg price of home required: Don't require one for the time being.

Willing to spend: Would spend the Earth if I knew it was a good deal.

Strategy

Take satisfaction from explaining to people how politics and economics affect their day to day lives. This is my first audiance (never had the nerve to bore all my friends).

Enjoy being young, you're only young once. There's no need to lose sleep over anything you understand.

If time fails me I will simply emmigrate.

Emmigrating to the US is harder than you think, doing my masters with the OU so I can get an eb1 visa. Would like to live on the Pacific coast one day.

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Status: First-Time Buyer (currently living at home, about to rent with mates)

Age: 25

Deposit: £25000-£35000

Region: South West

Housing Requirement: 2bed terrace

Borrowing capability @3.5x: £105,000

Avg. price of home required: £160,000

Willing to spend: £115,000

Contingency/Strategy:

-rent for a few years, and see what happens to my wages

-buy if prices fall to realistic levels (20% from current would be enough)

-otherwise emmigrate with my savings to NZ, US or Oz

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Ok I'll start.

Status: First-Time Buyer

Age: 26

Deposit: £5000

Region: Surrey

Housing Requirement: 2-bed semi/terraced/flat - Wife and baby.

Borrowing capability: £105,000

Avg. price of home required: £150,000

Willing to spend: £130,000

Contingency/Strategy:

-Rent for 5 years max to try and weather the storm and try to grow my deposit.

-Possibly emmigrate in 5 years if the market does not correct itself.

-Pray and hope for massive wage inflation, or a house price crash.

I am Scooter. You will obey me.

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  • 339 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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