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libitina

Nearly Half Of Ftb's Need Help From Family To Get On Ladder

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Watched 'Homes under the hammer' this morning.

2 out of the 3 wrecks that were featured were bought by the parents :huh: and they weren't cheap either.

My own parents did give me 2k towards my house purchase back in 1991 but weren't happy when I sold it and squandered that 2k away so I know they won't be helping me out again :D .

The way it's going I can't see how I'd be able to help any of my 3 out in the future either.

Incidentally I sold that house in 1995 for £44,500. Next door, an identical property, is currently on the market for £122,500.

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Watched 'Homes under the hammer' this morning.

2 out of the 3 wrecks that were featured were bought by the parents :huh: and they weren't cheap either.

My own parents did give me 2k towards my house purchase back in 1991 but weren't happy when I sold it and squandered that 2k away so I know they won't be helping me out again :D .

The way it's going I can't see how I'd be able to help any of my 3 out in the future either.

Incidentally I sold that house in 1995 for £44,500. Next door, an identical property, is currently on the market for £122,500.

I looked at buying a house in Bristol in 1998 - £52k for a 3-bed semi. For various reason i.e. mobility required for job I didn't buy.

Now I've almost got that amount as a deposit but I'd still require £130K mortgage to buy it at todays prices.

That's how stupid things are.

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  • 338 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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